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:
“In the core of God’s abysm,—
Was a weed of self and schism;
And ever the Daemonic Love
Is the ancestor of wars,
And the parent of remorse.”
—Ralph Waldo Emerson (1803–1882)
“We do not mind our not arriving anywhere nearly so much as our not having any company on the way.”
—Frank Moore Colby (1865–1925)