Tuesday, September 4, 2007

Private or public?

That's the question that Marketplace Money asks Andy Taylor, CEO of Enterprise Rent-A-Car. Every year, there were rumors that Enterprise would go public, but it never happened. And in this interview, Andy talks about the value of staying private. In a nutshell, you have no reactionary shareholders to contend with. Sure there are downsides to not being publicly traded, but Enterprise gets to do some things that other companies just can't get away with. Enterprise is HUGE now, and has changed from the old "value-driven" company that I grew up with. But I still think they're cool. And I'm sort of glad that I can't buy they're stock...
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