Press Release: Cendant Corporation
December 8, 2000
NEW YORK, NY -- Cendant Corporation (NYSE: CD) yesterday announced that Cendant Mobility, the world's largest corporate
relocation company, has been named one of the best places to work by Connecticut magazine.
The second largest employer in Danbury, Cendant Mobility was named one of the ``Top Places to Work'' by the magazine
which selected just 18 of the state's 95,000 businesses. In its selection, the magazine consulted recruiters and
personnel agencies throughout the state, requesting they identify firms in which potential employees express strong
interest.
Joining Cendant Mobility on the list of ``Top Places to Work'' were Aetna, Bayer Corp, Bristol-Myers Squibb, CIGNA,
People's Bank, Pfizer, Inc., Pitney Bowes and Xerox. The list appears in the December issue.
``We strive to be the employer of choice, not only in Connecticut, but in states and countries where our operations
employ nearly 28,000 people worldwide,'' said Henry R. Silverman, chairman, president and CEO, Cendant Corporation.
``This recognition serves as a building block in our efforts to achieve that goal.''
With 1,800 employees, Cendant Mobility assists over 118,000 transferring employees annually, represented by cross-border
activity in over 100 countries, serving diverse relocation markets, including corporate, military and government
relocation, international assignment and consulting services, and affinity programs.
``Achieving an employer of choice status in Connecticut and elsewhere is an important strategic initiative. It
favorably impacts our bottom line and maximizes the value of our most important asset -- our people,'' said Richard
A. Smith, chairman and CEO of the Real Estate Division of Cendant Corporation. ``Cendant Mobility President and
CEO Kevin Kelleher and his team have worked diligently to not only meet the needs of our employees, but anticipate
and execute on what we believe exceed their expectations. Creating and maintaining an exciting workplace where
employees want to be is an important thread within the fabric of our company.''
``We have introduced many of the services we offer today because our employees have told us they are important,''
added Kelleher. ``Forty-three percent of our new hires are referred to us by existing employees -- clearly another
strong indicator that those efforts are paying off!''
The article noted that employees interested in adopting a child are provided a $5,000 payment to help with expenses
and all employees are eligible for discounts at Cendant hotels, on Avis® rentals and at Cendant Mortgage.
About Cendant Corporation
Cendant Corporation is a global provider of consumer and business services. Cendant's core competencies include
building franchise systems, providing outsourcing solutions and direct marketing. As a franchiser, Cendant is the
world's leading franchiser of hotels, rental car agencies, tax preparation services and real estate brokerage offices.
Cendant's Real Estate Division includes: nearly 12,000 residential real estate offices and more than 200,000 sales
associates operating under the CENTURY 21®, Coldwell Banker®, and ERA® brand names; Cendant Mobility,
a global leader in corporate and government employee relocation with over 2,000 corporate clients; Cendant Mortgage,
the 6th largest retail mortgage originator in the United States, according to Inside Mortgage Finance, with $25
billion in loans closed in 1999; move.com, Cendant's relocation, real estate and home-related services portal on
the Internet; and Welcome Wagon, the nation's most extensive neighborhood greeting service. In addition, Cendant
Internet Group is aggressively pursuing a convergence strategy for the Company's off-line and online businesses.
Headquartered in New York, NY, the company has nearly 28,000 employees and operates in over 100 countries. More
information about Cendant, its companies and brands may be obtained by visiting the company's Web site at http://www.cendant.com
or by calling 877-4INFO-CD (877-446-3623).
SOURCE: Cendant Corporation