Henry Silverman
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Henry Silverman
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. Among the brands that Silverman controlled included hotels and motels such as AmeriHost Inn, Days Inn, Howard Johnson's, Ramada, Super 8 and Travelodge; car rental operators such as Avis Rent a Car System and Budget Rent a Car; real estate brokerages such as Coldwell Banker, Century 21 Real Estate and Sotheby's International Realty; as well as Orbitz Worldwide. Early life and education Born to a Jewish family, in Brooklyn, the son of the chief executive of commercial finance firm James Talcott Inc.
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Brooklyn
Brooklyn () is a borough of New York City, coextensive with Kings County, in the U.S. state of New York. Kings County is the most populous county in the State of New York, and the second-most densely populated county in the United States, behind New York County (Manhattan). Brooklyn is also New York City's most populous borough,2010 Gazetteer for New York State
. Retrieved September 18, 2016.
with 2,736,074 residents in 2020. Named after the Dutch village of Breukelen, Brooklyn is located on the w ...
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Coldwell Banker
Coldwell Banker Real Estate LLC is an American real estate franchise owned by Anywhere Real Estate, with headquarters in Madison, New Jersey. It was founded in 1906 in San Francisco, and has approximately 3000 offices in 49 countries and territories. It publishes an annual house price guide, ''Home Listing Report''. History After the devastating 1906 San Francisco earthquake and fires, Albert Nion Tucker, Colbert Coldwell and John Conant Lynch formed Tucker, Lynch and Coldwell on August 27, 1906. Benjamin Arthur Banker joined the firm as a salesman in 1913, and became a partner in 1914. The company was renamed Coldwell Banker in the same year. Banker and Coldwell remained active in the company throughout their lives. In 1920, Coldwell Banker moved to a three-story building in San Francisco. It opened an office in Phoenix, Arizona, its first outside California, in 1952. In the 1970s the company expanded by acquiring firms in Atlanta, Chicago, and Washington, D.C. The first in ...
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Affinion Group
CXLoyalty (formerly Affinion Group and CUC International, CUC) is a private company based in Stamford, Connecticut that provides customer engagement and loyalty programs. Affinion designs, markets, and services programs that deal with customer relationships for other businesses. The company says it reaches 250 million consumers in 20 countries. In 2006, Affinion Group was cited by Forbes as number 321 on its list of largest private companies. In 2016, Affinion reported a worldwide workforce of approximately 3,000. As of March 2015, the company had not reported a profit since 2004. According to its Bloomberg Business profile at the end of 2014, Affinion had about 5,500 marketing partners, 59 million subscribers in membership and insurance services, and 62 million customers for loyalty programs and credit or debit card enhancement services. In 2021, CXLoyalty's Global Loyalty division was acquired by JPMorgan Chase . The remaining Global Customer Engagement division announced a reb ...
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Travelers Advantage
CXLoyalty (formerly Affinion Group and CUC) is a private company based in Stamford, Connecticut that provides customer engagement and loyalty programs. Affinion designs, markets, and services programs that deal with customer relationships for other businesses. The company says it reaches 250 million consumers in 20 countries. In 2006, Affinion Group was cited by Forbes as number 321 on its list of largest private companies. In 2016, Affinion reported a worldwide workforce of approximately 3,000. As of March 2015, the company had not reported a profit since 2004. According to its Bloomberg Business profile at the end of 2014, Affinion had about 5,500 marketing partners, 59 million subscribers in membership and insurance services, and 62 million customers for loyalty programs and credit or debit card enhancement services. In 2021, CXLoyalty's Global Loyalty division was acquired by JPMorgan Chase . The remaining Global Customer Engagement division announced a rebranding to Tene ...
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Shoppers Advantage
CXLoyalty (formerly Affinion Group and CUC) is a private company based in Stamford, Connecticut that provides customer engagement and loyalty programs. Affinion designs, markets, and services programs that deal with customer relationships for other businesses. The company says it reaches 250 million consumers in 20 countries. In 2006, Affinion Group was cited by Forbes as number 321 on its list of largest private companies. In 2016, Affinion reported a worldwide workforce of approximately 3,000. As of March 2015, the company had not reported a profit since 2004. According to its Bloomberg Business profile at the end of 2014, Affinion had about 5,500 marketing partners, 59 million subscribers in membership and insurance services, and 62 million customers for loyalty programs and credit or debit card enhancement services. In 2021, CXLoyalty's Global Loyalty division was acquired by JPMorgan Chase . The remaining Global Customer Engagement division announced a rebranding to Tene ...
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Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by ...
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Blackstone Group
Blackstone Inc. is an American alternative investment management company based in New York City. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate business has actively acquired commercial real estate. Blackstone is also active in credit, infrastructure, hedge fund solutions, insurance solutions, secondaries and growth equity. As of Q3 2022, the company's total assets under management were approximately US$951 billion, making it the largest alternative investment firm globally. Blackstone was founded in 1985 as a mergers and acquisitions firm by Peter G. Peterson and Stephen A. Schwarzman, who had previously worked together at Lehman Brothers. History Founding and early history Blackstone was founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman with $400,000 in seed capital. The founders named their firm "Blackstone," using a cryptogram derived from the names of th ...
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Saul Steinberg (businessman)
Saul Phillip Steinberg (August 13, 1939December 7, 2012) Note that this source, and the majority, spell his middle name ''Phillip'', while others spell it ''Philip''. was an American businessman and financier. He became a millionaire before his 30th birthday and a billionaire before his 40th birthday. He started a computer leasing company (Leasco), which he used in an audacious and successful takeover of the much larger Reliance Insurance Company in 1968. He was best known for his unsuccessful attempts to take over Chemical Bank in 1969 and Walt Disney Productions in 1984.Berkman, Johanna"Fall of the House of Steinberg"New York magazine, June 19, 2000 Early life Steinberg was born to a Jewish family on August 13, 1939, and grew up in Brooklyn, New York the son of Julius and Anne Cohen Steinberg. He had one brother, Robert Steinberg, and two sisters, Roni Sokoloff and Lynda Jurist.Eaton, Leslie."Sorry, Mother, But Get in Line For Your Money; Suit Says Steinberg Sons Failed to Re ...
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White, Weld & Company
White, Weld & Co. is a privately held global financial services firm engaged in asset management, investment advisory, investment banking and other capital market activities. Relaunched in 2012, the business is headquartered in Chicago. Previously, White, Weld & Co. was a Boston-based investment bank, historically managed by Boston Brahmins until its sale to Merrill Lynch in 1978. The Weld family name can be traced back to the founding of Massachusetts in the 1630s. History White, Weld & Co. was founded in Boston in the nineteenth century, originally to finance overseas trade. In 1929 it managed Airstocks, a short-lived venture but important because it was an early financial concern exclusively pertaining to airlines and aviation. It developed into a small, well-connected New York investment bank by the twentieth century and a bastion of the WASP establishment. For example, George Herbert Walker Jr., uncle of the first President Bush, became an executive of White, Weld w ...
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University Of Pennsylvania
The University of Pennsylvania (also known as Penn or UPenn) is a private research university in Philadelphia. It is the fourth-oldest institution of higher education in the United States and is ranked among the highest-regarded universities by numerous organizations and scholars. While the university dates its founding to 1740, it was created by Benjamin Franklin and other Philadelphia citizens in 1749. It is a member of the Ivy League. The university has four undergraduate schools as well as twelve graduate and professional schools. Schools enrolling undergraduates include the College of Arts and Sciences, the School of Engineering and Applied Science, the Wharton School, and the School of Nursing. Among its highly ranked graduate schools are its law school, whose first professor wrote the first draft of the United States Constitution, its medical school, the first in North America, and Wharton, the first collegiate business school. Penn's endowment is US$20.7 billion ...
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Steve Ross (Time Warner CEO)
Steven Jay Ross (born Steven Jay Rechnitz; April 5, 1927 – December 20, 1992) was an American businessman and CEO of Time Warner (now Warner Bros. Discovery), Warner Communications, and Kinney National Services, Inc. Ross is also known for popularizing soccer in the United States. Early life and education Ross was born Steven Jay Rechnitz on April 5, 1927 in Brooklyn, New York City, the son of Jewish immigrants. His father—who lost all his money during the Great Depression—changed the family name to ''Ross'' in hope of finding work with fewer struggles. Ross attended Paul Smith's College for two years and then joined the U.S. Navy. After his military service, he went to work at his uncle's store in the Garment District in Manhattan. Career In 1953, he married Carol Rosenthal, the daughter of a Manhattan funeral home owner, Edward Rosenthal, who operated the largest funeral company in the United States, Riverside Memorial Chapel, where he accepted employment as a fu ...
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American Jews
American Jews or Jewish Americans are American citizens who are Jewish, whether by religion, ethnicity, culture, or nationality. Today the Jewish community in the United States consists primarily of Ashkenazi Jews, who descend from diaspora Jewish populations of Central and Eastern Europe and comprise about 90–95% of the American Jewish population. During the colonial era, prior to the mass immigration of Ashkenazi Jews, Sephardic Jews who arrived via Portugal represented the bulk of America's then-small Jewish population, and while their descendants are a minority today, they, along with an array of other Jewish communities, represent the remainder of American Jews, including other more recent Sephardi Jews, Mizrahi Jews, Beta Israel-Ethiopian Jews, various other ethnically Jewish communities, as well as a smaller number of converts to Judaism. The American Jewish community manifests a wide range of Jewish cultural traditions, encompassing the full spectrum of Jewi ...
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