The steady hand of Cendant's Henry Silverman

Editorial: Real estate franchise gets bigger and better, despite controversy

Last week, the news about the trials of former Cendant executives E. Kirk Shelton and Walter Forbes got us thinking about how well Cendant chieftain Henry Silverman and his number one lieutenant Richard Smith have guided Cendant in the last 10 years.

In split decisions, Shelton was convicted of fraud but the judge declared a mistrial on 16 counts against Forbes after the jury could not reach a verdict.