Travel + Leisure Co.
Search results
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. Although it was based in New York City, the majority of its headquarters employees were in Parsippany-Troy Hills, New Jersey .
- 2006
- Business and consumer services
- December 18, 1997 as Cendant Corporation)
- New York, United States
Jan 17, 2007 · Jan. 17, 2007, 9:42 AM PST / Source: The Associated Press. Former Cendant Corp. Chairman Walter Forbes was sentenced Wednesday to 12 years and seven months in prison and ordered to pay $3.275...
- 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.
The remaining Cendant Corporation, which renamed itself Avis Budget Group, operates the company's car rental businesses. Career since 2006 [ edit ] In February 2009, Silverman assumed a position as chief operating officer of Apollo Global Management , a New York-based private equity firm.
- four (two with Herson; one with Kraner; one with Hader)
- 1965-
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.
People also ask
What happened to Cendant?
Where is Cendant based?
Is Cendant still a company?
Who is the new CEO of Cendant?
Jan 17, 2007 · Walter Forbes, the former chairman of Cendant Corp., was sentenced to 12 years and seven months in prison and ordered to pay $3.275 billion in restitution for leading the largest accounting fraud of the 1990s. He was convicted of conspiracy to commit securities fraud and making false statements in a scheme that cost the travel and real estate company and its investors more than $3 billion.
Jul 31, 2006 · Cendant Corporation distributed its Realogy and Wyndham Worldwide subsidiaries as tax-free stock dividends to its stockholders in July 2006. The company also announced its name change proposal, reverse stock split and Travelport sale agreement.
