"A holding company is a thing where you hand an accomplice the goods while the policeman searches you"
- Will Rogers
About this Quote
This quote by Will Rogers is an amusing means of defining a holding company. A holding firm is an organization entity that possesses other companies' outstanding stock. It typically does not create products or solutions itself, but instead its function is to possess shares of other companies to create a corporate team. The quote implies that a holding company is like a partner that can aid you hide something from the authorities. It is a means of moving ownership of goods or possessions to an additional entity, to ensure that the initial owner is not held responsible for any misdeed. The quote is a humorous way of explaining the concept of a holding firm, as well as it is a tip that it can be a beneficial tool for preventing lawful trouble.
This quote is written / told by Will Rogers between November 4, 1879 and August 15, 1935. He was a famous Actor from USA.
The author also have 99 other quotes.
"Our DNA is as a consumer company - for that individual customer who's voting thumbs up or thumbs down. That's who we think about. And we think that our job is to take responsibility for the complete user experience. And if it's not up to par, it's our fault, plain and simply"
"Going to work for a large company is like getting on a train. Are you going sixty miles an hour or is the train going sixty miles an hour and you're just sitting still?"
"Only as long as a company can produce a desired, worthwhile, and needed product or service, and can command the public, will it receive the public dollar and succeed"
"Nobody's irreplaceable, including me. I think for too long we've had a cult of personality in this company and in this industry, and frankly, I'd like to see that diminish"
