Henry Silverman's Long Road Back

He's fighting to restore Cendant's reputation

The anger was eating away at Henry R. Silverman. It was May, 1998, and at the urging of a worried friend, he went to see a psychiatrist. Cendant Corp., the company Silverman formed through a high-profile merger in late 1997, was engulfed in what would become the accounting scandal of the decade. As he sat in the psychiatrist's office on New York's Upper East Side, the therapist, who Silverman says has treated his share of executives with legal problems, asked bluntly, "Are you the vic or the perp?" Silverman didn't have to mull over this one for long. "I'm the vic," he said.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.