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closely held company |
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Closely held company A company who has a small group of controlling shareholders. In contrast, a widely-held firm has many shareholders. It is difficult or impossible to wage a proxy battle for any closely-held firm.
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? Mentioned in | ? References in periodicals archive | |
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Earvin "Magic" Johnson, former Lakers star and head of Magic Johnson Enterprises, might be a candidate for the list, but his closely held company does not reveal financial information. the closely held company that operates Belle's Web site and about 100 other athletes' sites. In Manbelbaum, TC Memo 1995-255, three brothers owned all of the shares of a closely held company in the retail industry. |
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