Two former executives of the
CUC International Corp. of Stamford, Conn., are facing additional changes that relate back to their alleged inflation of their company's financial condition when it
merged with HFS Inc., three years ago to form Cendant Corp..
The story examines Silverman's attempts to re-establish Cendant's profitability, reputation, and market evaluation following its April 1998 disclosure of «financial irregularities» in the
CUC International unit of the company, which was
merged with HFS only a few months earlier to form Cendant.