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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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