Holding company
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 Holding company  (company)   | |
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A holding company holds stock of another company. Although it does not produce goods or services itself, it can be helpful, for example, for legal or tax reasons.
Origins
Algernon Sydney Sullivan of Sullivan & Cromwell developed the concept of a holding company, which The Money Trust helped persuade the state of New Jersey to allow under its state law. This was effective in reducing the effectiveness of antitrust laws.[1]
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References
- ↑ Harnessing the Growth of Corporate Capitalism: Sullivan & Cromwell and its influence on late Nineteenth-century American business,” by Jason Weixelbaum; paper posted December 25, 2010
