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cendant .com. Cendant Corporation was an American provider of business and consumer services, primarily within the real estate and travel industries. In 2005 and 2006, it broke up and spun off or sold its constituent businesses.
Jan 17, 2007 · Former Cendant Corp. Chairman Walter Forbes was sentenced Wednesday to 12 years and seven months in prison and ordered to pay $3.275 billion in restitution for leading the largest accounting fraud ...
- NBC Universal
- The History of Cuc International
- The History of Hospitality Franchise Systems
- The 1997 Merger
- Overcoming The Scandal in The New Millennium
- Principal Subsidiaries
- Further Reading
- GeneratedCaptionsTabForHeroSec
In the mid-1990s, CUC International Inc. offered individual consumers access to various services and discounts related to shopping, travel, insurance, automobiles, dining, vacationing, credit cardenhancement packages, and various discount and coupon programs. The company offered its services primarily through memberships to clubs and programs. Ente...
In the mid-1990s, Hospitality Franchise Systems, Inc., (HFS) was the world’s largest hotel franchiser, as measured by number of rooms and properties. Its chief franchise systems included Days Inns, Ramada, Howard Johnson, Super 8, Park Inns, and Village Lodges. It also engaged in the gambling industry and offered various lodging-related fee service...
During 1996, HFS and CUC began courting the idea of a merger. According to a 1997 Journal of Business Strategy article, both companies held beliefs that “merging will allow them to exploit their customer databases more fully, adding an estimated $250 million in annual incremental pretax earnings to their combined balance sheet over the next few yea...
Silverman pledged to restore shareholder confidence in Cendant, not only to boost the company’s image, but that of his own. Having spent most of his career as a highly regarded and well respected businessman in financial circles, Silverman spent most of 1999 and 2000 re-establishing Cendant as a leading consumer services firm. During 2000, the comp...
Cendant Mobility; Cendant Mortgage; Century 21; Coldwell Banker; Coldwell Banker Commercial; ERA; AmeriHost Inns& Suites; Avis; Days Inn; Fairfield Communities; Howard Johnson; Knights Inn; Phh Arval; Ramada; Resort Condominiums International; Super 8; Travelodge; Villager Lodge; Wingate Inn; Wright Express; AutoVantage; Benefit Consultants Inc.; C...
Adams, Bruce, “Cendant’s Moves Reinforce its Internet Strategies,”Hotel & Motel Management, March 6, 2000, p. 1. Braue, Marilee Laboda, “N.J. Hotel Giant Always Has Room for More,” Record,January 7, 1993, Bus. Sec. “Cendant Settles Class Action Suit,” United Press International,December 8, 1999. “CUC to Roll Out Shoppers Adventures,” ADWEEK Eastern...
Cendant Corporation is a global provider of travel, vehicle, real estate, and diversified services. It was formed in 1997 by the merger of Hospitality Franchise Systems and CUC International, and faced a major accounting scandal in 1999.
Henry R. Silverman (born August 1, 1940) is an American entrepreneur and private equity investor. Silverman is best known for his role in building Cendant Corporation into a multibillion-dollar business services company that provided car rentals, travel reservation services as well as real estate brokerage services and was also the largest franchisor of hotels globally.
Cendant Corp., owner of the Orbitz travel Web site and several hotel and real-estate brands, will split itself into four separate public companies, the conglomerate said Monday. The split, which ...
Oct 24, 2005 · Oct. 24, 2005 12:01 am ET. Share. Resize. Cendant Corp., the sprawling travel and real-estate company that has fallen out of favor with investors, announced today that it will split itself into ...
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Jan 17, 2007 · Walter Forbes, the former chairman of Cendant Corp., was convicted of leading a scheme to inflate the stock of CUC International by $500 million in 1998. He was sentenced to 12 years and seven months in prison and ordered to pay $3.275 billion in restitution to the company and its investors.
