Parent companies are the largest stakeholder of a group of smaller companies. This is the highest company on their org chart. In the cloud, many top providers such as Amazon, Google, and Microsoft make hundreds of acquisitions. They become parent owners of the companies that they acquire. This is advantageous as the child company may have a brand and large customer following that the parent company wants to preserve.

What do we mean by this?

The boss of a bunch of smaller companies.