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Non-Tech : Cendant Corporation (NYSE:CD)
CD 6.140-17.5%Dec 5 9:30 AM EST
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To: VALUESPEC who wrote (1247)7/26/1998 8:40:00 PM
From: Thomas George Warner  Read Replies (1) of 3627
 
There is an old Italian saying. "the fish always smells at the head first". Forbes knew, directed and endorsed the deception. If he didn't know it than he is grossly incompetent. In either case he should be dispensed with in the fastest possible manner.

As far as Henry Silverman is concerned, he hired Ernst and Young, relied on their audit and acted accordingly. If anyone thinks that a CEO can be all things to all people the are wrong. His job was to focus on the big picture which was the merger, not to waste his time consumed with the minutia.

I for one hope that Silverman stays, and the board gives him even greater powers. We need this issue settled quickly and with the minimum of blood. I am e-mailing the board that message.
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