Also, Thomson is evil
16 May 2007, 11:16 AM
A quick note, Gentle Readers, pointing out a column in this morning’s New York Times by Michael Kinsley called We Try Harder (but What’s the Point?) that details some of the 17 (or 18, depending on how you count) times Avis has been sold or reorganized since its founding in 1946. It’s a lovely window into corporate capitalism. Mr. Kinsley ends by quoting the Wall Street Journal, itself a target for diving into the M&A swamp: “If a buyout or acquisition deal doesn’t materialize for Avis, stock and bond investors will have to focus on the fundamentals of its car-rental business.” Avis is not in the car-rental business. It’s in the M&A business. As are we all.
Tolerabimus quod tolerare debemus,