Henry Silverman served in the United States Navy Reserves and then practiced tax law.
14 Facts About Henry Silverman
1.
2.
Henry Silverman began his career in business as an assistant to Steve Ross, who was then assembling the future Warner Communications.
3.
Henry Silverman had graduated from Williams College with a BA in Art History in 1961 and spent the following three years earning a JD from the University of Pennsylvania, where he graduated in 1964.
4.
In 1984, Henry Silverman joined Reliance Group Holdings, which was run by corporate raider Saul Steinberg.
5.
Henry Silverman then was president and CEO of Telemundo, the Spanish-language television network from 1986 through 1990.
6.
Henry Silverman is estimated to have made a $125 million profit on the sale of Days Inn.
7.
In 1990, Henry Silverman accepted a position as partner at Blackstone Group, a private equity firm.
8.
However his tenure at Blackstone was cut short because of litigation between Prudential Insurance, one of Blackstone's largest investors, over a Steinberg deal in which Henry Silverman had been involved.
9.
Also, as part of the merger, Henry Silverman announced he would reduce his day-to-day involvement with the company and assume the company's chairmanship in preference of CUC's founder and CEO Walter Forbes.
10.
Under Henry Silverman, Cendant bounced back from the accounting scandal far outperforming the markets in the early 2000s.
11.
In 2002, on the back of strong performance at Cendant, Henry Silverman signed a 10-year contract that provided for medical benefits, office space as well as travel perks including a corporate airplane and a company car and driver.
12.
In September 2006, Henry Silverman championed the separation of Cendant Corporation into four independent companies.
13.
In February 2009, Henry Silverman assumed a position as chief operating officer of Apollo Global Management, a New York-based private equity firm.
14.
In March 2012, Henry Silverman assumed a position as Vice Chairman of Asset Management at Guggenheim Partners, a New York-based private equity firm.