A small group of investors can own 10% of a corporation. When the balance of ownership is scattered, 10% is enough for control. When this first corporation owns 10% of another corporation, the 10% owners of the first corporation now also control the second corporation. But their investment is only 10% of 10% or 1%.

Now if you take this second corporation and have it buy 10% of another corporation, these same people will now control three corporations. Their investment in the third corporation 10% x 10% x 10% or 0.1%. So you can see how a few people can exercise control over many corporations without having much direct ownership.

“A holding company is a corporation that is organized for the purpose of owning stock in other corporations. A company may become a holding company by acquiring enough voting stock in another company to exercise control of its operations, or by forming a new corporation and retaining all or part of the new corporation’s stock. While owning more than 50 percent of the voting stock of another company ensures control, in many cases it is possible to exercise control of another company by owning as little as ten percent of its stock…

“Holding companies and their subsidiaries can establish pyramids, whereby one subsidiary owns a controlling interest in another company, thus becoming its parent company. While three to five levels are common in corporate pyramid structures, as many as 60 levels have been known to exist in practice. ….
“There are many advantages to establishing a holding company. From a financial point of view, it is usually possible to obtain control of another company with less investment than would be required in a merger or consolidation. A holding company only needs a controlling interest in the acquired company, not complete interest as in the case of a merger or consolidation. Consequently, it is possible to obtain control over large properties with less investment than would otherwise be required in a merger or consolidation.”

http://www.enotes.com/biz-encyclopedia/holding-companies

“Back in 1983, approximately 50 corporations controlled the vast majority of all news media in the United States. Today, ownership of the news media has been concentrated in the hands of just six incredibly powerful media corporations. These corporate behemoths control most of what we watch, hear and read every single day. They own television networks, cable channels, movie studios, newspapers, magazines, publishing houses, music labels and even many of our favorite websites.”

http://theeconomiccollapseblog.com/archives/who-owns-the-media-the-6-monolithic-corporations-that-control-almost-everything-we-watch-hear-and-read

“Relationships Among Monsanto Company, Pharmacia Corporation, Pfizer Inc., and Solutia Inc.

“Prior to Sept. 1, 1997, a corporation that was then known as Monsanto Company (Former Monsanto) operated an agricultural products business (the Ag Business), a pharmaceuticals and nutrition business (the Pharmaceuticals Business) and a chemical products business (the Chemicals Business). Former Monsanto is today known as Pharmacia. Pharmacia is now a wholly owned subsidiary of Pfizer Inc., which together with its subsidiaries operates the Pharmaceuticals Business. Today’s Monsanto includes the operations, assets and liabilities that were previously the Ag Business. Today’s Solutia comprises the operations, assets and liabilities that were previously the Chemicals Business. The following table sets forth a chronology of events that resulted in the formation of Monsanto, Pharmacia and Solutia as three separate and distinct corporations, and it provides a brief background on the relationships among these corporations.”

http://www.naturalnews.com/027921_Monsanto_monopoly.html

http://en.wikipedia.org/wiki/Nexus_Recycling_Management_System_(software)

I’m not totally happy with the program. It does print nice tickets. We used to have to use the calculator to figure all the tickets. Having a program figure the tickets has eliminated the problem of calculation errors. And I used to have to enter every ticket into QuickBooks. I no longer have to do that. Big time saver.

The reports have greatly improved since we purchased the program.

When we bought the program, I was told that all the reports were custom. I had to tell them every single report that I wanted and they would write that into the program. I do not like that and hope that they have changed to having standard reports with the program. All scrapyards want mostly the same reports. We do not need them custom for our company. And try to think of every report you need for the entire year in the next five minutes…. You may not know you need a report until you need it NOW!

I had trouble with the Leads report. This is the report we submit to the police daily. I had to work around it by putting the drivers license in the second line of the address. We were told that it would be easy to have the program look up the names of vendors and check to see if they are on the do-not-buy list. Not so easy… We’re still waiting.

Would I recommend that you purchase the program for your scrapyard? Maybe. I can’t say “yes” yet.

But in all fairness, the software is constantly being improved. They have been very good about handling emergency problems that we have had during regular business hours.