Operations: Berkshire Hathaway operates through a variety of subsidiary companies, including Geico, Burlington Northern Santa Fe, and Dairy Queen.

运营：Berkshire Hathaway 通过多家子公司运营，包括 Geico、Burlington Northern Santa Fe 和 Dairy Queen。

Through their political influences they obtained franchises of priceless value, organized subsidiary street railway companies, and exchanged the stock of these subsidiary companies for that of the Metropolitan.

通过他们的政治影响， 他们获得了无价的特许经营权， 组织了附属的街道铁路公司， 并将这些附属公司的股票换成了大都会的股票。

A trust was formed, consisting of nine trustees, who held, for the benefit of the Standard Oil stockholders, all the stock in the Standard and in the subsidiary companies.

成立了一个由九名受托人组成的信托， 他们为标准石油公司股东的利益持有标准石油公司及其子公司的所有股票。

As less than a dozen men owned a majority interest in the Standard Oil Company of New Jersey, these same men naturally continued to own a majority interest in the subsidiary companies.

由于只有不到 12 人拥有新泽西标准石油公司的多数股权，因此这些人自然会继续拥有子公司的多数股权。

For the accomplishment of his idea of a national telephone system, instead of a parochial one, Mr. Vail organized, in 1881, the American Bell Telephone Company, a corporation that really represented the federalization of all the telephone activities of the subsidiary companies.

为了实现他的全国电话系统而不是地方电话系统的想法，韦尔先生于 1881 年组织了美国贝尔电话公司，这家公司真正代表了子公司所有电话活动的联邦化。