Parent Company
A parent company is a company that owns enough voting stock in another firm (subsidiary) to control management and operations by influencing or electing its board of directors. A parent company could simply be a company that wholly owns another company. This would be known as a "wholly owned subsidiary".
Read more about this topic: Holding Company
Famous quotes containing the words parent and/or company:
“The parent who loves his child dearly but asks for nothing in return might qualify as a saint, but he will not qualify as a parent. For a child who can claim love without meeting any of the obligations of love will be a self-centered child and many such children have grown up in our time to become petulant lovers and sullen marriage partners because the promise of unconditional love has not been fulfilled.”
—Selma H. Fraiberg (20th century)
“It has lately been drawn to your correspondent’s attention that, at social gatherings, she is not the human magnet she would be. Indeed, it turns out that as a source of entertainment, conviviality, and good fun, she ranks somewhere between a sprig of parsley and a single ice- skate. It would appear, from the actions of the assembled guests, that she is about as hot company as a night nurse.”
—Dorothy Parker (1893–1967)