The Bloomberg administration has supported foreign investment in the city and the country, both through the creation of American subsidiaries and the injections of capital into domestic companies.
It also used some unusual methods, among them the creation of 881 subsidiaries abroad, including 692 in the Cayman Islands, 119 in the Turks and Caicos, 43 in Mauritius and 8 in Bermuda.
The creation of the subsidiary is a weak solution to the conflict of interest that exists between its hardware and operating system units.
Hays' plan involved the creation of a subsidiary line from Winnipeg to Prince Rupert, with the government building the line from New Brunswick to Winnipeg.
The chairman of the American Bar Association tax section, Richard Lipton, said the creation of hundreds of subsidiaries showed that Enron sought to "spread legal liability and reduce the possibility that if one partnership goes bad it will not infect any others".
In June, Pdvsa approved the creation of seven new subsidiaries, including ones to grow soybeans for ethanol, to build food-processing plants and even to make shoes.
That led to the creation of Openreach, a subsidiary of BT that provides access to its network on identical terms to all retailers (including BT itself).
Earlier this year, Lonrho, a conglomerate with a long history of trading in Africa, announced the creation of a Zimbabwean subsidiary that would primarily invest in property, infrastructure and hotels.
From 2002 to 2003 he served as the interim cochairman and CEO of the Paris-based media conglomerate Vivendi Universal, S.A. USAI partnered with Vivendi in the creation of an American subsidiary called Vivendi Universal Entertainment LLLP USAIinin 2003 became the interactive-commerce company InterActiveCorp.
