Re: Moving company bank money around...

On Mon, 30 Apr 2007 13:33:47 +0100, Peter Saxton
<peter@xxxxxxxxxxxxxxxxx> wrote:

On Mon, 30 Apr 2007 11:52:35 GMT, Ronald Raygun
<no.spam@xxxxxxxxxxxxxxxxxxxxx> wrote:


That's all very well, but it doesn't explain the *meaning* of ownership.
It is in essence a right to control. You can't deny that control is
transitive (If I control company A, and company A controls company B,
then I control company B). And if the purpose of ownership is to give
control, then the effect of owning something which owns something else
is similar to that of owning that "something else". So indirect
ownership is in many ways as good as direct ownership.

I disagree. Control B shouldn't do what you say unless you have been
given authority by the board of company B.

"Company B" not "Control B"!

--
Peter Saxton from London
peter@xxxxxxxxxxxxxxxxx
.

Relevant Pages

  • Re: Moving company bank money around...
    ... deny that control is transitive (If I control company A, ... then I control company B). ... And if the purpose of ownership is to give control, ... similar to that of owning that "something else". ...
    (uk.business.accountancy)
  • Re: Moving company bank money around...
    ... You can have shared ownership. ... It is in essence a right to control. ... transitive (If I control company A, and company A controls company B, ... as does the direct owner (only more so, because the direct owner, being ...
    (uk.business.accountancy)
  • Re: Moving company bank money around...
    ... shareholders owning the company assets. ... deny that control is transitive (If I control company A, ... And if the purpose of ownership is to give control, ... the company assets, ...
    (uk.business.accountancy)
  • Re: Moving company bank money around...
    ... deny that control is transitive (If I control company A, ... And if the purpose of ownership is to give control, ... similar to that of owning that "something else". ... This means that, ultimately, the shareholders *do* control the company. ...
    (uk.business.accountancy)
  • Re: Moving company bank money around...
    ... deny that control is transitive (If I control company A, ... And if the purpose of ownership is to give control, ... similar to that of owning that "something else". ... This means that, ultimately, the shareholders *do* control the company. ...
    (uk.business.accountancy)