Many corporations own more than 50% of the voting stock in other corporations. Sometimes these affiliated companies operate within the same industry, and many times the companies are in unrelated industries.
Required:
What is the significance of owning more than 50% of the voting common stock of another company?

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The Answer of Many corporations own more than 50% of the voting stock in other corporations. Sometimes these affiliated companies operate within the same industry, and many times the companies are in unrelated industries.
Required:
What is the significance of owning more than 50% of the voting common stock of another company?

Many Corporations Own More Than 50% of the Voting Stock