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Wright Travel history
Wright Travel company history timeline
Hence in 1985 it was reincorporated in Delaware and Richardson cast about for venture capital, securing some locally and in Boston, and far away as Texas.
1987 Getty Petroleum is signed as a customer.
Not only did the information collected at the post of sale help fleet customers to uncover fraud and better manage their costs, it provided Wright with information that helped its CEO, John R. Birk, who joined the company in August 1992, to anticipate changes in the economy and make preparations.
In 1993 Birk's model told him that the economy was in danger of overheating.
After leaving AT&T in 1993 he became SafeCard's CEO and chairman as well as a member of Wright's board of directors.
About ten times larger, SafeCard agreed in July 1994 to pay $35.5 million in cash for Wright.
He also paid millions to consultants, including Martin A. Siegel, the ex-Kidder Peabody investment banker/convicted felon." When Kahn's ventures failed to pan out and the price of Ideon stock plummeted, hundreds of employees were fired to cut costs in 1995.
Moreover, Cendant, which held Avis stock, would buy the remaining shares of Avis common stock to gain control of Avis in 2001 and once again become Wright's corporate parent.
Cendant now felt the time was right to spin off Wright in an initial public offering of stock and announced its intention in November 2004.
Nevertheless, the company continued to grow its balance sheet, posting revenues of $241.3 million and earnings of $18.7 million in 2005.
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Zippia gives an in-depth look into the details of Wright Travel, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Wright Travel. The employee data is based on information from people who have self-reported their past or current employments at Wright Travel. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Wright Travel. The data presented on this page does not represent the view of Wright Travel and its employees or that of Zippia.
Wright Travel may also be known as or be related to The Wright Travel Agency, The Wright Travel Agency Inc, Wright Travel and Wright Travel Agency Inc/The.