A holding company is a company that owns the outstanding stock of other companies. A holding company does not produce goods or services itself, its purpose is to own shares of other companies to form a corporate group. However, in many jurisdictions around the world, holding companies are called parent companies, besides holding stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for the owners, can permit the ownership and control of a number of different companies. Holding companies are created to hold assets, such as intellectual property or trade secrets, that are protected from the operation company; that creates a smaller risk. In the United States, 80% of stock, in voting and value, must be owned before tax consolidation benefits such as tax-free dividends can be claimed; that is, if Company A owns 80% or more of the stock of Company B, Company A will not pay taxes on dividends paid by Company B to its stockholders, as the payment of dividends from B to A is transferring cash from one company to the other.
Any other shareholders of Company B will pay the usual taxes on dividends, as they are legitimate and ordinary dividends to these shareholders. Sometimes, a company intended to be a pure holding company identifies itself as such by adding "Holding" or "Holdings" to its name. After the financial crisis of 2007–08, many U. S. investment banks converted to holding companies. According to the Federal Financial Institutions Examination Council's website, JPMorgan Chase & Co. Bank of America Corp. Citigroup Inc. Wells Fargo & Co. and Goldman Sachs Groups, Inc. were the five largest bank holding companies in the finance sector, as of 31 December 2013, based on total assets. The Public Utility Holding Company Act of 1935 in the United States caused many energy companies to divest their subsidiary businesses. Between 1938 and 1958 the number of holding companies declined from 216 to 18. An energy law passed in 2005 removed the 1935 requirements, has led to mergers and holding company formation among power marketing and power brokering companies.
In US broadcasting, many major media conglomerates have purchased smaller broadcasters outright, but have not changed the broadcast licenses to reflect this, resulting in stations that are still licensed to Jacor and Citicasters making them such as subsidiary companies of their owner iHeartMedia. This is sometimes done on a per-market basis. For example, in Atlanta both WNNX and WWWQ are licensed to "WNNX LiCo, Inc.", both owned by Susquehanna Radio. In determining caps to prevent excessive concentration of media ownership, all of these are attributed to the parent company, as are leased stations, as a matter of broadcast regulation. In the United States, a personal holding company is defined in section 542 of the Internal Revenue Code. A corporation is a personal holding company if both of the following requirements are met: Gross income test: At least 60% of the corporation's adjusted ordinary gross income is from dividends, interest and royalties. Stock ownership test: More than 50% in value of the corporation's outstanding stock is owned by five or fewer individuals.
In the United Kingdom, the term "Holding Company" is defined by the Companies Act 2006 at section 1159. It defines a Holding Company as a Company that holds a majority of the voting rights in another company, OR is a member of another company and has the right to appoint or remove a majority of its board of directors, OR is a member of another company and controls alone, pursuant to an agreement with other members, a majority of the voting rights in that company. A parent company is a company that owns enough voting stock in another firm to control management and operations by influencing or electing its board of directors. A parent company could be a company that wholly owns another company, known as a "wholly owned subsidiary"; when an existing company establishes a new company and keeps majority shares with itself, invites other companies to buy minority shares, it is called a parent company. Berkshire Hathaway Conglomerate Conglomerate discount Chaebol Keiretsu Investment company List of holding companies Patent holding company Emergence of Electrical Utilities in America at Smithsonian Institution's National Museum of American History
"For the Good of the Outfit" was the 28th episode of the television series M*A*S*H, the fourth episode of season two. The episode was aired on October 6, 1973. Hawkeye and Trapper discover that most of the patients in their latest surgery shift are from the nearby village of Taedong, which has just been shelled; the shrapnel fragments they recover prove to be American, they learn that the only artillery in the area is an Army unit. They file a report on the shelling in hopes of securing compensation for the village, ignoring Henry's warning that it may bring reprisals. Major Stoner soon arrives from the Inspector General's office to look into the report. Confronted by Hawkeye's demand for an investigation, he collects the evidence, promises to open a case, departs. After a week and a half with no response and Trapper are stunned to read an article in Stars and Stripes that blames the shelling on enemy forces. Hawkeye angrily calls Stoner, who promises to sort out the matter, writes home to ask his father to use his connections with one of Maine's United States Senators in order to bring the truth to light.
The letter is intercepted, Henry puts Hawkeye under arrest and tells him that the Army has started rebuilding Taedong. However, Hawkeye is still not satisfied, as he wants the Army to admit responsibility for the shelling; when General Clayton arrives for a visit and Trapper tell him about their evidence, only to learn that it has vanished and Stoner has been reassigned to a post in Honolulu. Clayton urges them to drop the matter or risk being transferred to the front lines because they have no proof. Meanwhile and Margaret, having misread the situation, become convinced that Pierce and McIntyre will receive commendations and steal glory from Frank, they give Clayton medical records on Frank's patients. In the epilogue, Radar reads a letter from home to Hawkeye during surgery; the Maine senator has just been indicted on charges of influence peddling and is facing a 20-year prison term, Hawkeye's father is starting to regret stuffing the ballot box for him. "For the Good of the Outfit" on IMDb
Uddingston Grammar School is a mainstream state school, The school is located in Uddingston, South Lanarkshire, Scotland. It is one of 17 secondary schools operated by South Lanarkshire Council, its motto is'Virtute Crescam' which means'May I grow in moral excellence'. The school was opened with its buildings located next to Uddingston railway station. In 2009, Uddingston Grammar moved to a new campus nearby as part of South Lanarkshire Council's school modernisation programme; the school's catchment area includes the communities of Uddingston, Birkenshaw, Tannochside and parts of Newton in Cambuslang. The school's roll is 1175 pupils as of September 2013, with 90 teaching staff; the school is divided into six house groups: Arran, Lewis, Mull and Skye, named after islands in Scotland. There were four house groups: named Clyde, Douglas and Calder after Scottish rivers. Stuart Carswell - football player Colin Cameron - politician Gary MacKenzie - football player Aileen McGlynn - Paralympic athlete Craig Moore - football player Iain Munro - former football player and manager