* * * * *
“Hey, let me own that for a while!”
Via news from me [1] comes this little fluff piece [2] about the Avis Car
Rental company [3]. What I'm confused by though, is the business of Avis—is
it car rentals, or being bought out?
The story of Avis goes something like:
Warren E. Avis (1946)
↓
Richard Robie (1954)
↓
Amoskeag Co. (1956)
↓
Lazard Frères Co. (1962)
↓
ITT Corporation (1965)
↓
Avis (1972)
↓
Norton Simon (1977)
↓
Esmark (1983)
↓
Beatrice Foods (1984)
↓
Kohlberg Kravis Roberts & Company (1986)
↓
Wesray (1986)
↓
PHH Group, Avis Europe P.L.C (1986) (see article)
↓
Avis, employee owned (1987)
↓
General Motors 26% ownership (1989)
↓
HFS (1996)
↓
Avis goes public (1997)
↓
Cendant 34% ownership (1997)
↓
Cedant (1999)
↓
Avis Budget Group (2006)
and I'm sure a lot of people got rich along the way, but what exactly did
they do?
I mean, other than push some paper back and forth?
[1]
http://www.newsfromme.com/archives/2007_05_15.html#013462
[2]
http://www.nytimes.com/2007/05/16/opinion/16kinsley.html?ex=1336968000&en=da27d1a88532bece&ei=5090&partner=rssuserland&emc=rss
[3]
http://www.avis.com/
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