Henry Silverman Interview | Why Cendant Split | businessweek.com

The "emotionally wrenching" decision to dismantle the travel and real estate outfit will benefit shareholders, says the chairman and CEO. When did you begin looking at this break-up? We engaged Evercore Partners [run by former Assistant Treasury Secretary Roger Altman] in November of 2004. This has been like an elephant -- a long gestation period. We then brought in J.P.