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Wholly Owned Subsidiary
A subsidiary, subsidiary company or daughter company is a company (law), company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability company, limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Company (law)
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Piercing The Corporate Veil
Piercing the corporate veil or lifting the corporate veil is a legal decision to treat the rights or duties of a corporation as the rights or liabilities of its shareholders. Usually a corporation is treated as a separate legal person, which is solely responsible for the debts it incurs and the sole beneficiary of the credit it is owed. Common law countries usually uphold this principle of separate personhood, but in exceptional situations may "pierce" or "lift" the corporate veil. A simple example would be where a businessman has left his job as a director and has signed a contract to not compete with the company he has just left for a period of time. If he sets up a company which competed with his former company, technically it would be the company and not the person competing. But it is likely a court would say that the new company was just a "sham" or a "cover"; and that as the new company is completely owned and controlled by one person that the former employee is deliberately ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Delaware
Delaware ( ) is a state in the Mid-Atlantic region of the United States, bordering Maryland to its south and west; Pennsylvania to its north; and New Jersey and the Atlantic Ocean to its east. The state takes its name from the adjacent Delaware Bay, in turn named after Thomas West, 3rd Baron De La Warr, an English nobleman and Virginia's first colonial governor. Delaware occupies the northeastern portion of the Delmarva Peninsula and some islands and territory within the Delaware River. It is the second-smallest and sixth-least populous state, but also the sixth-most densely populated. Delaware's largest city is Wilmington, while the state capital is Dover, the second-largest city in the state. The state is divided into three counties, having the lowest number of counties of any state; from north to south, they are New Castle County, Kent County, and Sussex County. While the southern two counties have historically been predominantly agricultural, New Castle is more ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Michigan
Michigan () is a state in the Great Lakes region of the upper Midwestern United States. With a population of nearly 10.12 million and an area of nearly , Michigan is the 10th-largest state by population, the 11th-largest by area, and the largest by area east of the Mississippi River.''i.e.'', including water that is part of state territory. Georgia is the largest state by land area alone east of the Mississippi and Michigan the second-largest. Its capital is Lansing, and its largest city is Detroit. Metro Detroit is among the nation's most populous and largest metropolitan economies. Its name derives from a gallicized variant of the original Ojibwe word (), meaning "large water" or "large lake". Michigan consists of two peninsulas. The Lower Peninsula resembles the shape of a mitten, and comprises a majority of the state's land area. The Upper Peninsula (often called "the U.P.") is separated from the Lower Peninsula by the Straits of Mackinac, a channel that joins Lak ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dearborn, Michigan
Dearborn is a city in Wayne County in the U.S. state of Michigan. At the 2020 census, it had a population of 109,976. Dearborn is the seventh most-populated city in Michigan and is home to the largest Muslim population in the United States per capita. It also is home to the largest mosque in the United States. First settled in the late 18th century by ethnic French farmers in a series of ribbon farms along the Rouge River and the Sauk Trail, the community grew in the 19th century with the establishment of the Detroit Arsenal on the Chicago Road linking Detroit and Chicago. In the 20th century, it developed as a major manufacturing hub for the automotive industry. Henry Ford was born on a farm here and later established an estate in Dearborn, as well as his River Rouge Complex, the largest factory of his Ford empire. He developed mass production of automobiles, and based the world headquarters of the Ford Motor Company here. The city has a campus of the University of Mich ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ford Motor Company
Ford Motor Company (commonly known as Ford) is an American multinational automobile manufacturer headquartered in Dearborn, Michigan, United States. It was founded by Henry Ford and incorporated on June 16, 1903. The company sells automobiles and commercial vehicles under the Ford brand, and luxury cars under its Lincoln luxury brand. Ford also owns Brazilian SUV manufacturer Troller, an 8% stake in Aston Martin of the United Kingdom and a 32% stake in China's Jiangling Motors. It also has joint ventures in China (Changan Ford), Taiwan (Ford Lio Ho), Thailand ( AutoAlliance Thailand), and Turkey ( Ford Otosan). The company is listed on the New York Stock Exchange and is controlled by the Ford family; they have minority ownership but the majority of the voting power. Ford introduced methods for large-scale manufacturing of cars and large-scale management of an industrial workforce using elaborately engineered manufacturing sequences typified by moving assembly lines; by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Caterham Cars
Caterham Cars is a British manufacturer of specialist lightweight sports cars established in Caterham, England, with their headquarters in Dartford, England. Their current model, the Caterham 7 (or Seven), originally launched in 1973, is a direct evolution of the Series 3 Lotus Seven designed by Colin Chapman. In the 1990s the company made the Caterham 21, a two-seater soft top alternative to the MGF and Lotus Elise, (which both sold many more units). A track-only car, the SP/300.R, a joint project with Lola was released for customer testing in 2010 and was scheduled for release in 2013. On 27 April 2011, Team Lotus owner Tony Fernandes announced that he had purchased Caterham. On 2 April 2021, news was leaked that Caterham Cars was acquired outright on 31 March 2021 by VT Holdings, Japanese importer for the Caterham Seven since 2009. As well as being a Caterham importer, VT also imports Lotus cars and Royal Enfield motorcycles into Japan. History Lotus origins Colin Ch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Morgan Motor Company
The Morgan Motor Company is a British motor car manufacturer owned by Italian investment group Investindustrial. It was founded in 1910 by Henry Frederick Stanley Morgan. Morgan is based in Malvern Link, an area of Malvern, and employs approximately 220 people. Morgan produce 850 cars per year, all assembled by hand. The waiting list for a car is approximately six months, but has sometimes been as long as ten years. Morgan cars are unusual in that wood has been used in their construction for a century, and is still used in the 21st century for framing the body shell. A visitor centre and museum have exhibits about the company's history from Edwardian times until the present day, developments in automobile technology, and a display of automobiles. There are also guided tours of the factory. Company history H.F.S. Morgan quit the Great Western Railway in 1904 and co-founded a motor sales and servicing garage in Malvern Link. In 1909 he designed and built a car for his ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hostile Takeover
In business, a takeover is the purchase of one company (the ''target'') by another (the ''acquirer'' or ''bidder''). In the UK, the term refers to the acquisition of a public company whose shares are listed on a stock exchange, in contrast to the acquisition of a private company. Management of the target company may or may not agree with a proposed takeover, and this has resulted in the following takeover classifications: friendly, hostile, reverse or back-flip. Financing a takeover often involves loans or bond issues which may include junk bonds as well as a simple cash offers. It can also include shares in the new company. Types Friendly A ''friendly takeover'' is an acquisition which is approved by the management of the target company. Before a bidder makes an offer for another company, it usually first informs the company's board of directors. In an ideal world, if the board feels that accepting the offer serves the shareholders better than rejecting it, it recom ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
James Bond
The ''James Bond'' series focuses on a fictional British Secret Service agent created in 1953 by writer Ian Fleming, who featured him in twelve novels and two short-story collections. Since Fleming's death in 1964, eight other authors have written authorised Bond novels or novelisations: Kingsley Amis, Christopher Wood, John Gardner, Raymond Benson, Sebastian Faulks, Jeffery Deaver, William Boyd, and Anthony Horowitz. The latest novel is ''With a Mind to Kill'' by Anthony Horowitz, published in May 2022. Additionally Charlie Higson wrote a series on a young James Bond, and Kate Westbrook wrote three novels based on the diaries of a recurring series character, Moneypenny. The character—also known by the code number 007 (pronounced "double-oh-seven")—has also been adapted for television, radio, comic strip, video games and film. The films are one of the longest continually running film series and have grossed over US$7.04 billion in total at the box office ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eon Productions
Eon Productions Ltd. is a British film production company that primarily produces the ''James Bond'' film series. The company is based in London's Piccadilly and also operates from Pinewood Studios in the UK. ''Bond'' films Eon was started by film producers Albert R. “Cubby” Broccoli and Harry Saltzman in 1961, at the same time they became partners and sought financing for '' Dr. No''. The year before they formed Danjaq, which for legal reasons became Eon's holding company, from which it licenses the rights to produce the ''Bond'' films. Broccoli had been interested in the ''Bond'' novel rights for several years but was dissuaded from pursuing the project by his former partner. When they dissolved their relationship he was free to pursue the property, for which Saltzman, a novice to film production, had taken a gamble to acquire. The two were introduced by a New York writer who was acquainted with both, and formed a partnership within a week of meeting. The enterpri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Danjaq
Danjaq, LLC (formerly Danjaq S.A. and Danjaq, Inc.) is the holding company responsible for the copyright and trademarks to the characters, elements, and other material related to James Bond on screen. It is currently owned and managed by the family of Albert R. Broccoli, the co-initiator of the popular film franchise. History Founding Danjaq S.A. was founded by Albert R. Broccoli and Harry Saltzman after the release of the first James Bond film '' Dr. No'', in 1962, to ensure all future films in the series. The new company was to be called Danjaq, a combination of Broccoli and Saltzman's respective wives' names (Dana Broccoli and Jacqueline Saltzman). The company was originally domiciled in the Canton of Vaud in Switzerland, hence the appearance of " S.A." letters in the first legal name of the company. In 1962, Danjaq began its association with United Artists. Ownership Due to a series of failed business interests, Harry Saltzman's personal financial difficulties forced him to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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