Budget Rent-A-Car
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Budget Rent-A-Car
Budget Rent a Car is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget is a subsidiary of the Avis Budget Group, with its operations headquartered in Parsippany, New Jersey. History With its original fleet of 10 cars, the company lived up to the 'Budget' name by undercutting the daily and per mile rental rates of the established airport based car rental companies. Mirkin was joined in 1959 by Julius Lederer and together, they built the company internationally. In 1960, the headquarters moved to Chicago, Illinois and the rental fleet expanded with franchised and wholly owned rental outlets. The company was eventually acquired by Transamerica Corporation, and then sold in 1986 in a leveraged buyout by Gibbons, Green and van Amerongen Ltd., along with management (led by CEO Clifton E. Haley) and selected investors. The company made its first public stock offering in 1987. Team Rental Group purchased the public company ...
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Cendant
Cendant Corporation was an American provider of business and consumer services, primarily within the real estate and travel industries. In 2005 and 2006, it broke up and spun off or sold its constituent businesses. Although it was based in New York City, the majority of its headquarters employees were in Parsippany-Troy Hills Township, New Jersey, Parsippany-Troy Hills, New Jersey. Its last CEO was Henry Silverman. History Founding Hospitality Franchise Systems Inc. (HFS) was created as an affiliate of the Blackstone Group, a private equity firm, as a vehicle to acquire hotel franchises. It was led by Henry Silverman, a Blackstone partner and former CEO of Days Inn. It began in 1990 by buying Howard Johnson's and the U.S. rights to the Ramada brand from Prime Motor Inns for $170 million. In 1992, HFS bought the Days Inn franchise out of bankruptcy for $290 million. This purchase made HFS the largest hotel franchisor in the world, with its brands licensed to 2,300 hotels. Blacks ...
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Franchises
Franchise may refer to: Business and law * Franchising, a business method that involves licensing of trademarks and methods of doing business to franchisees * Franchise, a privilege to operate a type of business such as a cable television provider, public utility, or taxicab company, sometimes requiring the filing of tariff schedules, as in: ** Television franchise, a right to operate a television network *** Cable franchise, a right to operate a cable television network **** Cable television franchise fee, an annual fee charged by a local government to a private cable television company ** Passenger rail franchising in Great Britain, a system of contracting out the operation of the passenger services on the railways of Great Britain * Franchise, a clause used by insurance companies as a threshold for policy payments, as in deductible * Franchise, political franchise, or suffrage, the civil right to vote * Franchise jurisdiction, in English history, a jurisdiction held as ...
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Car Rental Companies Of The United States
A car or automobile is a motor vehicle with Wheel, wheels. Most definitions of ''cars'' say that they run primarily on roads, Car seat, seat one to eight people, have four wheels, and mainly transport private transport#Personal transport, people instead of cargo, goods. The year 1886 is regarded as the birth year of the car, when German inventor Carl Benz patented his Benz Patent-Motorwagen. Cars became widely available during the 20th century. One of the first cars affordable by the masses was the 1908 Ford Model T, Model T, an American car manufactured by the Ford Motor Company. Cars were rapidly adopted in the US, where they replaced Draft animal, animal-drawn carriages and carts. In Europe and other parts of the world, demand for automobiles did not increase until after World War II. The car is considered an essential part of the Developed country, developed economy. Cars have controls for driving, parking, passenger comfort, and a variety of lights. Over the decades, a ...
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American Companies Established In 1958
American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the "United States" or "America" ** Americans, citizens and nationals of the United States of America ** American ancestry, people who self-identify their ancestry as "American" ** American English, the set of varieties of the English language native to the United States ** Native Americans in the United States, indigenous peoples of the United States * American, something of, from, or related to the Americas, also known as "America" ** Indigenous peoples of the Americas * American (word), for analysis and history of the meanings in various contexts Organizations * American Airlines, U.S.-based airline headquartered in Fort Worth, Texas * American Athletic Conference, an American college athletic conference * American Recordings (record label), a record label previously known as Def American * American University, in Washington, D.C. Sports teams Soccer * Ba ...
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1980s Initial Public Offerings
__NOTOC__ Year 198 (CXCVIII) was a common year starting on Sunday (link will display the full calendar) of the Julian calendar. At the time, it was known as the Year of the Consulship of Sergius and Gallus (or, less frequently, year 951 ''Ab urbe condita''). The denomination 198 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire *January 28 **Publius Septimius Geta, son of Septimius Severus, receives the title of Caesar. **Caracalla, son of Septimius Severus, is given the title of Augustus. China *Winter – Battle of Xiapi: The allied armies led by Cao Cao and Liu Bei defeat Lü Bu; afterward Cao Cao has him executed. By topic Religion * Marcus I succeeds Olympianus as Patriarch of Constantinople (until 211). Births * Lu Kai (or Jingfeng), Chinese official and general (d. 269) * Quan Cong, Chinese general and advisor (d. ...
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1958 Establishments In California
Events January * January 1 – The European Economic Community (EEC) comes into being. * January 3 – The West Indies Federation is formed. * January 4 ** Edmund Hillary's Commonwealth Trans-Antarctic Expedition completes the third overland journey to the South Pole, the first to use powered vehicles. ** Sputnik 1 (launched on October 4, 1957) falls to Earth from its orbit, and burns up. * January 13 – Battle of Edchera: The Moroccan Army of Liberation ambushes a Spanish patrol. * January 27 – A Soviet-American executive agreement on cultural, educational and scientific exchanges, also known as the "Lacy-Zarubin Agreement, Lacy–Zarubin Agreement", is signed in Washington, D.C. * January 31 – The first successful American satellite, Explorer 1, is launched into orbit. February * February 1 – Egypt and Syria unite, to form the United Arab Republic. * February 6 – Seven Manchester United F.C., Manchester United footballers are among the 21 people killed i ...
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Bob Ansett
Robert "Bob" Ansett (born 8 August 1933 in Melbourne) is an Australian entrepreneur, actor, author, motivational speaker and former sports team chairman. Early life Ansett is the son of Reg (Order of the British Empire) and Grace Ansett. Reg Ansett was the owner of various businesses, including Ansett Transport Industries, Diners Club Australia, Ansett Australia Airlines and, much later, Avis Australia. Bob Ansett's parents divorced when Bob was 7–8 years old, in 1941. Bob, his mother Grace and brother John soon moved to the United States. Ansett grew in the United States' state of Alaska; he has claimed that during the 20 years he lived in the States, he saw his father no more than five times; their relationship was seemingly severed by the distance of their residence places; Ansett also said that he never visited his father's Mount Eliza, Victoria home or met his three stepsisters. In 1955, he was drafted by the United States Army and served in Japan. In North America, A ...
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Hot In Cleveland
''Hot in Cleveland'' is an American television sitcom on TV Land starring Valerie Bertinelli, Jane Leeves, Wendie Malick, and Betty White. The series, which was TV Land's first original series, premiered on June 16, 2010, and was TV Land's highest rated telecast in the cable network's 14-year history. The series was originally picked up for 10 episodes. On May 1, 2014, TV Land renewed ''Hot in Cleveland'' for a sixth season and confirmed the following November that it would be the show's last. The series ran for 128 episodes, with the hour-long final episode airing on June 3, 2015. The series was created by Suzanne Martin and executive produced by Martin, Sean Hayes and Todd Milliner, through their production companies SamJen Productions and Hazy Mills Productions, and is produced in association with TV Land. The concept behind the show was based on an original idea by Lynda Obst, who serves as executive producer. The series was recorded in front of a live studio audience at CB ...
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Wendie Malick
Wendie Malick (born December 13, 1950) is an American actress and former fashion model, known for her roles in various television comedies. She starred as Judith Tupper Stone in the HBO sitcom '' Dream On'', and as Nina Van Horn in the NBC sitcom ''Just Shoot Me!'', for which she was nominated for two Primetime Emmys and a Golden Globe Award. She also starred as Victoria Chase in the TV Land comedy series ''Hot in Cleveland''. She is also known for her recurring role as Gayle Buchannon on ''Baywatch'' as well as Ronee Lawrence on the final season of ''Frasier''. Malick also played many character roles in films, including ''Scrooged'', ''The American President'', ''Racing Stripes'', and '' Confessions of a Shopaholic'', has made over 50 guest appearances on television shows, primarily on comedies, starred in a number of made for television movies, and works as a voice actress, playing Eda Clawthorne on the Disney Channel animated series ''The Owl House''. Early life Malick was b ...
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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 the ...
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