A parent company is a company that owns enough voting stock in another firm to control management and operations by influencing or electing its board of directors; the second company being deemed as a subsidiary of the parent company. The definition of a parent company differs by jurisdiction, with the definition normally being defined by way of laws dealing with companies in that jurisdiction.
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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)
“All I can tell you with certainty is that I, for one, have no self, and that I am unwilling or unable to perpetrate upon myself the joke of a self.... What I have instead is a variety of impersonations I can do, and not only of myself—a troupe of players that I have internalised, a permanent company of actors that I can call upon when a self is required.... I am a theater and nothing more than a theater.”
—Philip Roth (b. 1933)