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Finance: What is a parent company? 0 Views


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Description:

A parent company is a legal entity created as a corporation to own and control the smaller companies within its purview. Yup. Sounds like a parent.

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Transcript

00:00

Finance allah shmoop What is a parent company All right

00:07

Well it's a human cloning stamping corporation which produces organic

00:11

robots that will in fact have live human babies Okay

00:15

no just kidding on that one it's coming someday But

00:18

this is not what it is Ah parent company is

00:21

essentially the owner The fiduciary the legal entity created as

00:26

a corporation to control the quote Children unquote companies inside

00:32

of their broad tent What does that mean Well what

00:35

time is it No How do you do the times

00:37

in half an hour Time warner is the parent company

00:41

Its children are things like hbo turner broadcasting warner brothers

00:47

The walt disney corporation is the parent company of children

00:50

Are things like espn One two three four five six

00:53

seven eight nine or whatever Up to now Abc network

00:57

Lucas film You know star wars marvel alphabet that's the

01:03

parent company here or it's Children who come over for

01:06

thanksgiving and argue with us Google adsense ex labs nexus

01:11

youtube Okay you get it The parent is essentially the

01:14

holding company which owns controls manipulates abuses and generally it's 00:01:19.724 --> [endTime] up it's children which is every parent's primary responsibility

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