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Subsidiary
A subsidiary, subsidiary company or daughter company is a 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) 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 are separate, distinct legal ...
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Division (organization)
A division, sometimes called a business sector or business unit (segment), is one of the parts into which a business, organization or company is divided. Overview Divisions are distinct parts of a business. If these divisions are all part of the same company, then that company is legally responsible for all of the obligations and debts of the divisions. In the banking industry, an example would be East West Bancorp and its primary subsidiary, East West Bank. Legal responsibility Subsidiaries are separate, distinct legal entities for the purposes of taxation, regulation and liability. For this reason, they differ from divisions, which are businesses fully integrated within the main company, and not legally or otherwise distinct from it. The ''Houston Chronicle'' highlighted that the creation of a division "is substantially easier than developing subsidiaries. Because a division is an internal segment of a company, not an entirely separate entity, business owners create a ...
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Corporate Group
A corporate group or group of companies is a collection of parent and subsidiary corporations that function as a single economic entity through a common source of control. These types of groups are often managed by an account manager. The concept of a group is frequently used in tax law, accounting and (less frequently) company law to attribute the rights and duties of one member of the group to another or the whole. If the corporations are engaged in entirely different businesses, the group is called a conglomerate. The forming of corporate groups usually involves consolidation via mergers and acquisitions, although the group concept focuses on the instances in which the merged and acquired corporate entities remain in existence rather than the instances in which they are dissolved by the parent. The group may be owned by a holding company which may have no actual operations. In Germany, where a sophisticated law of the " concern" has been developed, the law of corporate gr ...
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Warner Bros
Warner Bros. Entertainment Inc. (commonly known as Warner Bros. or abbreviated as WB) is an American Film studio, film and entertainment studio headquartered at the Warner Bros. Studios, Burbank, Warner Bros. Studios complex in Burbank, California, Burbank, California, and a subsidiary of Warner Bros. Discovery. Founded in 1923 by four brothers, Harry Warner, Harry, Albert Warner, Albert, Sam Warner, Sam, and Jack L. Warner, Jack Warner, the company established itself as a leader in the American Warner Bros. Pictures, film industry before diversifying into Warner Bros. Animation, animation, Warner Bros. Television Studios, television, and Warner Bros. Interactive Entertainment, video games and is one of the Major film studio, "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA). The company is known for its film studio division the Warner Bros. Pictures Group, which includes Warner Bros. Pictures, New Line Cinema, the Warner Animat ...
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Multinational Corporation
A multinational company (MNC), also referred to as a multinational enterprise (MNE), a transnational enterprise (TNE), a transnational corporation (TNC), an international corporation or a stateless corporation with subtle but contrasting senses, is a corporate organization that owns and controls the production of goods or services in at least one country other than its home country. Control is considered an important aspect of an MNC, to distinguish it from international portfolio investment organizations, such as some international mutual funds that invest in corporations abroad simply to diversify financial risks. Black's Law Dictionary suggests that a company or group should be considered a multinational corporation "if it derives 25% or more of its revenue from out-of-home-country operations". Most of the largest and most influential companies of the modern age are publicly traded multinational corporations, including '' Forbes Global 2000'' companies. History Colonialism T ...
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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 deliberatel ...
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Share (finance)
In financial markets, a share is a unit of equity ownership in the capital stock of a corporation, and can refer to units of mutual funds, limited partnerships, and real estate investment trusts. Share capital refers to all of the shares of an enterprise. The owner of shares in a company is a shareholder (or stockholder) of the corporation. A share is an indivisible unit of capital, expressing the ownership relationship between the company and the shareholder. The denominated value of a share is its face value, and the total of the face value of issued shares represent the capital of a company, which may not reflect the market value of those shares. The income received from the ownership of shares is a dividend. There are different types of shares such as equity shares, preference shares, deferred shares, redeemable shares, bonus shares, right shares, and employee stock option plan shares. Valuation Shares are valued according to the various principles in different marke ...
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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 t ...
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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 enterprise ...
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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 offic ...
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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 ...
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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 recomme ...
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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 ...
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