What is "holding companies"

Usage examples of "holding companies".

That canceled a huge part of the debt we were running up, and in parallel with that we divested some other assets to holding companies and reassigned share ownership of the core company to Amethi residents.

Regis - and virtually all other timber, paper and large newspaper holding companies - stood to lose billions of dollars and perhaps go bankrupt.

Working his probationary year in London, he had learned the intricacies of company structure, trading and banking the profits, setting up holding companies, and the value of a discreet Swiss account.

Rockefeller and associates not only managed Standard Oil, they pretty much owned it as well, through a complicated system of trusts and holding companies.

But after one of his holding companies had bought this compound, he had had this shallow escape route trenched in.

Over a period of months after the public offering, they were moved from their various holding companies.

In the meantime, the dummy companies would go on the block and be absorbed or bought out by holding companies, getting the rest of the money in the process, all neatly laundered and pressed and even on the tax books, although with that kind of money you could always find enough breaks to avoid the bulk of the taxes.

But the shellgame they're playing with holding companies is technically legal, so there's not a damned thing anyone can do about it.

The family was very old-money now, with most of the wealth in holding companies.