| Business Summary | | Budget
Group,
Inc.
is
engaged
in
the
daily
rental
of
vehicles,
principally
cars,
trucks
and
passenger
vans.
There
are
approximately
3,280
Budget
car
rental
locations.
Approximately
33%
are
Company-owned
and
operated,
and
67%
are
operated
by
franchisees.
Approximately
900
locations
primarily
serve
airport
business,
and
approximately
2,380
are
local
market
(downtown
and
suburban)
locations.
The
Company's
Truck
Rental
segment
is
comprised
of
Budget
Truck
Rental
and
Ryder
TRS.
As
of
December
31,
2000,
the
Company
rented
Budget
trucks
at
approximately
410
Company-owned
locations
and
230
franchised
locations. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Budget
Group,
Inc.
and
subsidiaries
are
engaged
in
the
business
of
the
daily
rental
of
vehicles,
including
cars,
trucks
and
passenger
vans.
For
the
six
months
ended
6/30/01,
revenues
decreased
8%
to
$1.11
billion.
Net
loss
totaled
$83.8
million,
up
from
$20
million.
Revenues
reflect
volume
reductions
in
truck
rental
and
international
operations.
Higher
loss
also
reflects
lower
gross
margins
and
higher
interest
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Sanford Miller, 48 Chairman,
CEO | $663K | Mark Sotir, 37 Pres,
COO | 1.0M | William Johnson, 43 CFO,
Exec. VP | 104K | Robert Aprati, 56 Exec.
VP, Gen. Counsel, Sec. | 308K | Tyler Best VP, CTO | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|