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Cendant Corp.

Headquarters : 9 West 57th Street New York, NY 10019 United States of America United States of America
Job offers, investor relations : web www.cendant.com tel. (212) 413-1800 email: sam.levenson@cendant.com stock : CD analytics

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« Ethical » rating of Cendant Corp. , group and subsidiaries

Fraud 5 Sales 18 Bn $.€ /year Profit 4 Bn $.€ /1998 Wage 12153 *min. Infocom 1
[click on the rating for the method or on the number for the data]

subsidiarycountry%source
Avis Rent a Car United States of America100
Budget Group Inc. United States of America100AP
» More subsidiaries of Cendant Corp.

  • Environmental impact

  • Human impact

year name
photo position; compensation
source
2005Silverman, Henry R
See the photo of: Silverman, Henry R Chief Executive Officer; salary: 22,4 million US$; stock-options: 117,6 million US$;
2003Buckman, James
See the photo of: Buckman, James Vice-president;
2003Holmes, Stephen
See the photo of: Holmes, Stephen Vice-president; salary: 3,79 million US$; stock-options: 5,08 million US$;
2003Nelson, Ronald
See the photo of: Nelson, Ronald Chief Financial Officer;
2003Wilson, Virginia
See the photo of: Wilson, Virginia Vice-president;
1998Silverman, Henry R
See the photo of: Silverman, Henry R Chief Executive Officer; salary: 44,1 million US$;
Forbes
1991Forbes, Walter A
See the photo of: Forbes, Walter A Chairman;
Bloomberg
1991Shelton, Kirk
See the photo of: Shelton, Kirk Vice-president;
Bloomberg
year
employees
<>
social impact : country
source
2003
87000
2002
-75
AP
2002
60000
1998
34000
year
employees
<>
social impact : country
source
 4 informations, access to subscribers

  • Lobbying & corruption

  • Subsidy

yearfinancial misdemeanorsalesincome buybacksource
2005   0,5billion US$
2005 KIRK SHELTON, the former vice-chairman of Cendant was sent to jail for ten years and ordered to pay back more than $3 billion lost from the company because of the $500 million fraud he orchestrated. Shelton’s false filings and fraudulent actions inflated Cendant’s sales by more than $500 million. He was accused of masterminding the frauds to drive up the company’s share price and help it to meet Wall Street profit targets. In turn, the falsely inflated stock price kept his pay and bonuses rising, even though the company was in much poorer financial health than the market believed.     The Times
2004 Kirk Shelton a été déclaré coupable de fraude pour 12 délits visant à gonfler les résultats de CUC et à doper son cours de Bourse avant la fusion entre 1995 -1997; en 1999 Cendant a accepté de payer 2,83 milliards de dollars à ses actionnaires à l'amiable.     Les Echos
2004 Accounting fraud settled with investors for $3.2 billion     AP
2003   18,191,17   billion US$
2002   14,090,85   billion US$
2002 Chairman Walter Forbes and Kirk Shelton, the former vice chairman, were indicted in February 2001 for inflating earnings at CUC International Inc. for a decade. Accused of wire, mail, and securities fraud, as well as conspiracy and lying to the SEC.     Bloomberg
2002 Investigation of bogus deals, alleged fraudulent "round-trip" transactions, with Homestore     Boursier.com
2001   8,880,38   billion US$
2000   3,930,6   billion US$
1999   0,2billion US$SmartMoney
1999   1billion US$SmartMoney
1999   0,2billion US$SmartMoney
1999   50million sharesSmartMoney
1999   0,15billion US$SmartMoney
1998   5,280,54   billion US$
1998   1billion US$SmartMoney
yearfinancial misdemeanorsalesincomeassetsbuybacksource
 17 informations, access to subscribers
year
dubious practice : image
source
2006Mishandling of private data: Cendant's subsidiary records credit card numbers from customers and communicate them to its accountant Ernst & Young. A E&Y employee's computer with 243 000 customers credit card numbers was stolen in February 2006, Cendant started notifyning its customers about the theft at the end of May.: CNN

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