I went on Wikipedia and researched White Castle, and it said that it was a private restaurant. What does that mean? Please don't say that it means it's private.
2007-09-29 06:32:28 · 9 answers · asked by Anonymous in Dining Out ➔ Fast Food
Not listed on the stock market. Owned by a family.
2007-09-29 06:38:17 · answer #1 · answered by Anonymous · 2⤊ 1⤋
Generally speaking, all companies are owned through shares of stock. The difference between publicly held companies and privately held companies is how the stocks are traded.
Privately owned companies such as White Castle and In-n-Out Burgers are wholly owned by an individual, family or a small group of investors. The shares of stock are only traded amongst those owners.
Publicly held company stocks such as McDonald's and YUM (owners of Taco Bell, Pizza Hut, KFC) are traded on the stock market and anyone who has enough money can purchase shares.
There are many differences between the two types of ownership but one of the main ones is private companies do not have to publicly report their sales, earnings or profits. Public companies do and their Board of Directors and Officers are held accountable to meeting their shareholders expectations.
Hope this helped!
2007-09-29 18:59:35 · answer #2 · answered by labmuttmix 5 · 1⤊ 1⤋
It means it is owned by an individual or a small private company, not publically traded on Wall Street.
Private businesses are better. They do not face the same profit and earnings pressures as publically traded companies, and don't have to cut corners as much.
2007-09-29 15:25:24 · answer #3 · answered by Anonymous · 0⤊ 0⤋
It means it is a privately owned company. Usually this means it is owned by a single person, family, or a small group of investors. A publicly owned company is one that is owned by many share holders and the shares are bought and sold (ie: traded) on the stock market.
2007-09-29 13:44:49 · answer #4 · answered by Dash 7 · 2⤊ 0⤋
Privately owned corporation, no stockholders. A franchise restaurant operation.
2007-09-29 15:21:39 · answer #5 · answered by ~ Floridian`` 7 · 0⤊ 0⤋
it means that as a company, it does not have shares of stock that are traded on a stock market. (the opposite would be called a public company).
2007-09-29 14:24:41 · answer #6 · answered by anna 2 · 1⤊ 0⤋
its privately owned never went public with a franchise.
2007-09-29 13:40:12 · answer #7 · answered by pa625 5 · 1⤊ 1⤋
probably private in that there are no investors.
mcds has shares of stock
that is my interpretation of your question
2007-09-29 14:05:18 · answer #8 · answered by Michael M 7 · 1⤊ 2⤋
they do not franchise it out
2007-09-30 00:30:51 · answer #9 · answered by Felix 7 · 0⤊ 0⤋