A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals.
Over time, companies have evolved to have following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation.
In the Lillehammer bid for the 1994 Winter Olympics, the agreement between Lillehammer Municipality and the state specified that the municipality was responsible for financing all necessary sports venues. However, after the games were awarded the responsibility was taken over by Lillehammer Olympic Organizing Committee (LOOC) and the town's five venues were ultimately funded through state grants. To allow for post-Olympic use, a fund was created by the state, of which Lillehammer Olympiapark received 146 million Norwegian krone (NOK). Unlike the Hamar venues, which survive on their fund's yield, the Lillehammer venues have used up their capital. From 2014 the post-Olympic use fund will be depleted and alternative organization and funding is being looked into. A leading proposal is that the bobsleigh and luge track be taken over by the state, while the remaining venues be retained by the company and jointly funded by the municipality and Oppland County Municipality. (Full article...)
Image 330 St Mary Axe, London, widely known by the nickname "The Gherkin", and occasionally as a variant on The Swiss Re Tower, after its previous owner and principal occupier. Swiss Re is the world’s second-largest reinsurance company.
Image 4The Intel 80486DX2 is a CPU produced by Intel Corporation that was introduced in 1992. Intel is the world's second largest semiconductor company and the inventor of the x86 series of microprocessors.
Share of the Banque de Montreux, issued 20 November 1900. Sociétés anonymes were common in Switzerland at this time.
The abbreviation S.A. or SA, for the French société anonyme designates a type of limited company in certain countries, most of which have a Romance language as their official language and operates a derivative of the 1804, Napoleonic, civil law. Originally, shareholders could be anonymous and collect dividends by surrendering coupons attached to their share certificates. Dividends were paid to whomever held the certificate. Since share certificates could be transferred privately, corporate management would not necessarily know who owned its shares – nor did anyone but the holders.
As with bearer bonds, anonymous unregistered share ownership and dividend collection enabled money laundering, tax evasion, and concealed business transactions in general, so governments passed laws to audit the practice. Nowadays, shareholders of S.A.s are not anonymous, though shares can still be held by a holding company to obscure the beneficiary. (Full article...)
Lacoste S.A. is a French luxury sports fashion company, founded in 1933 by tennis player René Lacoste, and entrepreneur André Gillier. It sells clothing, footwear, sportswear, eyewear, leather goods, perfume, towels and watches. The company can be recognised by its green Crocodile logo. René Lacoste, the company's founder, was first given the nickname "the Crocodile" by the American press after he bet his team captain a crocodile-skin suitcase that he would win his match. He was later redubbed "the Crocodile" by French fans because of his tenacity on the tennis court. In November 2012, Lacoste was bought outright by Swiss family-held group Maus Frères. (Full article...)
... that Vuestar Technologies in Singapore claims to own patents for hyperlinking a visual image to webpages, and plans to bill virtually all websites including Google and Microsoft for its use?
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