- published: 14 Jul 2014
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A holding company is a company or firm that owns other companies' outstanding stock. The term usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow the ownership and control of a number of different companies. In the US, 80% or more of stock, in voting and value, must be owned before tax consolidation benefits such as tax-free dividends can be claimed.
Sometimes a company intended to be a pure holding company identifies itself as such by adding "Holdings" or "(Holdings)" to its name, as in Sears Holdings Corporation.
In the US, Berkshire Hathaway is the largest publicly-traded holding company; it owns numerous insurance companies, manufacturing businesses, retailers, and other companies. Two other large notable holding companies are United Continental Holdings and AMR Corporation, publicly traded holding companies whose primary purposes are to wholly own United Airlines and American Airlines, respectively. In some instances, holding companies have held capital for pending investments.
Janis Lyn Joplin (January 19, 1943 – October 4, 1970) was an American singer and songwriter from Port Arthur, Texas. As a youth Joplin was ridiculed by her fellow students due to her unconventional appearance and personal beliefs. She later sang about her experience at school through her song "Ego Rock". Early in her life, Joplin cultivated a rebellious and unconventional lifestyle, becoming a beatnik poet. She began her singing career as a folk and blues singer in San Francisco, playing clubs and bars with her guitar and auto-harp.
Joplin first rose to prominence in the late 1960s as the lead singer of the psychedelic-acid rock band Big Brother and the Holding Company, and later as a solo artist with her more soulful and bluesy backing groups, The Kozmic Blues Band and The Full Tilt Boogie Band. She was one of the more popular acts at the Monterey Pop Festival and later became one of the major attractions to the Woodstock festival and the Festival Express train tour.
Janis Joplin only charted five singles in her life but her hits and other popular songs from throughout her short four year career include "Down On Me", "Bye, Bye Baby", "Coo Coo", "Summertime", "Piece of My Heart", "Turtle Blues", "Ball 'n' Chain", "Try (Just A Little Bit Harder)", "Maybe", "To Love Somebody", "Kozmic Blues", "Work Me, Lord", "Move Over", "Cry Baby", "A Woman Left Lonely" "Get It While You Can", "My Baby", "Trust Me", "Mercedes Benz", "One Night Stand", "Raise Your Hand" and her only number one hit, "Me and Bobby McGee".