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Wholly Owned Subsidiary
A subsidiary, subsidiary company, or daughter company is a company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different fields. More focused co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Company (law)
A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is to generate sales, revenue, and 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 duties according to the publicly declared incorporat ... [...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 businessperson has left their job as a director and has signed a contract to not compete with the company they have just left for a period of time. If they set up a company which competed with their 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, the former employee i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Delaware
Delaware ( ) is a U.S. state, state in the Mid-Atlantic (United States), Mid-Atlantic and South Atlantic states, South Atlantic regions of the United States. It borders Maryland to its south and west, Pennsylvania to its north, New Jersey to its northeast, and the Atlantic Ocean to its east. The state's name derives from the adjacent Delaware Bay, which in turn was named after Thomas West, 3rd Baron De La Warr, an English nobleman and the Colony of Virginia's first colonial-era governor. Delaware occupies the northeastern portion of the Delmarva Peninsula, and some islands and territory within the Delaware River. It is the List of U.S. states and territories by area, second-smallest and List of U.S. states and territories by population, sixth-least populous state, but also the List of U.S. states and territories by population density, sixth-most densely populated. Delaware's List of municipalities in Delaware, most populous city is Wilmington, Delaware, Wilmington, and the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Michigan
Michigan ( ) is a peninsular U.S. state, state in the Great Lakes region, Great Lakes region of the Upper Midwest, Upper Midwestern United States. It shares water and land boundaries with Minnesota to the northwest, Wisconsin to the west, Indiana and Illinois to the southwest, Ohio to the southeast, and the Canadian Provinces and territories of Canada, province of Ontario to the east, northeast and north. With a population of 10.14 million and an area of , Michigan is the List of U.S. states and territories by population, 10th-largest state by population, the List of U.S. states and territories by area, 11th-largest by area, and the largest by total area east of the Mississippi River.''i.e.'', including water that is part of state territory. Georgia (U.S. state), Georgia is the largest state by land area alone east of the Mississippi and Michigan the second-largest. The state capital is Lansing, Michigan, Lansing, while its most populous city is Detroit. The Metro Detroit r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dearborn, Michigan
Dearborn is a city in Wayne County, Michigan, Wayne County in the U.S. state of Michigan. An inner-ring Metro Detroit, suburb of Detroit, Dearborn borders Detroit to the south and west, roughly west of downtown Detroit. In the 2020 United States census, 2020 census, it had a population of 109,976, ranking as the List of municipalities in Michigan, seventh-most populous city in Michigan. Dearborn is best known as the hometown of the Ford Motor Company and of its founder, Henry Ford. The first written settlement of Dearborn is from the 18th century by French Canadians, French Canadian voyageurs who initially called the settlement La Belle Fontaine or Place aux Fontaines because of the abundant Spring (hydrology), springs in the city. Therefore, Dearborn was once named Springwells, an Anglicisation, anglicization of the French name. The settlement was connected to the Detroit River ribbon farm communities and other farms connected to the River Rouge (Michigan), Rouge River and the S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ford Motor Company
Ford Motor Company (commonly known as Ford) is an American multinational corporation, 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 List of Ford vehicles, Ford brand, and luxury cars under its Lincoln Motor Company, Lincoln brand. The company is listed on the New York Stock Exchange under the single-letter ticker symbol F and is controlled by the Ford family (Michigan), Ford family. They have minority ownership but a plurality 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 1914, these methods were known around the world as Fordism. Ford's former British subsidiaries Jaguar Cars, Jaguar and Land Rover, acquired in 1989 and 2000, r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Caterham Cars
Caterham Cars Ltd. 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 MG F / MG TF, MG F and Lotus Elise, (which both sold many more units). A track-only car, the SP/300.R, a joint project with Lola Cars, Lola was released for customer testing in 2010 and was scheduled for release in 2013. Caterham was an independent company until their acquisition by Team Lotus (2010–11), Team Lotus in 2011, leading to the formation of Caterham Group. In 2021, Caterham Cars was acquired by VT Holdings, Japanese importer for the Caterham Seven since 2009. History Lotus origins Colin Chapman's Lotus Cars launched the Series 1 Lotus Seven in 1957. The car wa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Morgan Motor Company
Morgan Motor Company Limited is a British automobile, motor car manufacturer owned by a British investment group Investindustrial. Morgan was founded in 1910 by H. F. S. Morgan, Henry Frederick Stanley Morgan. Morgan is itself based in Malvern Link, an area of Malvern, Worcestershire, 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 it 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 gar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hostile Takeover
In business, a takeover is the purchase of one company (law), 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 publicly listed, in contrast to the mergers and acquisitions, 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 offer. It can also include shares in the new company. Takeover types Friendly takeover A ''friendly takeover'' is an acquisition which is approved by the management of the target company. Before a bidder makes an tender offer, offer for another company, it usually first informs the company's board of directors. In a private company, because the shareholders and the board are ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
James Bond
The ''James Bond'' franchise focuses on James Bond (literary character), the titular character, a fictional Secret Intelligence Service, 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 (writer), Christopher Wood, John Gardner (British writer), John Gardner, Raymond Benson, Sebastian Faulks, Jeffery Deaver, William Boyd (writer), William Boyd, Anthony Horowitz and Charlie Higson. The latest novel is ''On His Majesty's Secret Service'' by Charlie Higson, published in May 2023. Additionally, Charlie Higson wrote a series on Young Bond, a young James Bond, and Samantha Weinberg, Kate Westbrook wrote three novels based on the The Moneypenny Diaries, diaries of a recurring series character, Miss Moneypenny, Moneypenny. The character—also known by the code nu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eon Productions
Eon Productions Limited 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. ''James Bond'' films Eon was started by film producers Albert R. "Cubby" Broccoli and Harry Saltzman in July 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 ... [...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 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 control of all future films in the series. The new company was named Danjaq from combining the names of Broccoli and Saltzman's respective wives' (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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
