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 colicky baby who becomes calm, the quiet infant who throws temper tantrums at two, the wild child at four who becomes serious and studious at six all seem to surprise their parents. It is difficult to let go of one’s image of a child, say goodbye to the child a parent knows, and get accustomed to this slightly new child inhabiting the known child’s body.”
—Ellen Galinsky (20th century)
“Whether lawyer, politician or executive, the American who knows what’s good for his career seeks an institutional rather than an individual identity. He becomes the man from NBC or IBM. The institutional imprint furnishes him with pension, meaning, proofs of existence. A man without a company name is a man without a country.”
—Lewis H. Lapham (b. 1935)