The Boston Diaries

The ongoing saga of a programmer who doesn't live in Boston, nor does he even like Boston, but yet named his weblog/journal “The Boston Diaries.”

Go figure.

Wednesday, May 16, 2007

“Hey, let me own that for a while!”

Via news from me comes this little fluff piece about the Avis Car Rental company. 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?

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[The future's so bright, I gotta wear shades]

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