ABSTRACT
Many cases were found in which the immediate control of a corporation was exercised by a second corporation through a dominant minority stock interest.39 When the controlling corporation was itself management controlled, the first company was classed as minority in its immediate, but management in its ultimate control. If the controlling company was controlled otherwise than by the management, the first company was classed as minority in its immediate control, but pyramided in its ultimate control. Likewise in the case of joint control, insofar as ultimate control was concerned, each such company was treated as if it were two companies of half the size, one controlled by each group sharing the control. Thus a company that was jointly controlled by a minority and the management would be classed in ultimate control as one-half company minority controlled and one-half company management controlled. Only five companies had to be subdivided in this manner.
