Cendant Corporation (NYSE:CD) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Cendant Corporation (NYSE:CD)

CD 6.140

-17.5%

Dec 5 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: VALUESPEC who wrote (1247)	7/26/1998 12:46:00 PM
From: jjs_ynot	of 3627

>>> I suppose you don't think the BOD had anything to do with HFS acquiring CUC? Maybe Henry Silverman should put the board on probation for not guiding him in such a way that allowed him to find the massive fraud that Forbes empire entailed ! There is no doubt of the culpability of Mr. Forbes. The board of directors does not have responsibility for daily operations of the enterprise. The board of directors (in theory anyway) is supposed to have a fiduciary responsibility to the shareholders to insure that the management exercises it's day-to-day activities in the best interests of the shareholders. Since that was not the case in the CUC acquisition; monitored performance of Mr. Silverman is warranted to insure that this debacle is not repeated. Perhaps the key shareholders should create an oversight committee such as Warren Buffet did several years ago with Saloman Brothers.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next