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Finance TROUBLE!
- Source :
- BusinessWeek; 04/28/97, Issue 3524, p68-76, 6p, 15 Color Photographs
- Publication Year :
- 1997
-
Abstract
- The article reports on the rise and fall of credit card insurer SafeCard Services Inc. in the U.S. In 1969, Peter Halmos, a 25-year-old Hungarian emigrant, launched Safecard Services. It grew and went public in 1977. By 1992, the company had 400 employees, 13 million customers, and was generating $158 million in revenue and $22 million in earnings. However, the fall Safecard in 1996 served a big lesson of how incompetence and greed drove a company to its destruction.
- Subjects :
- BUSINESS failures
MISMANAGEMENT
INSURANCE companies
Subjects
Details
- Language :
- English
- ISSN :
- 00077135
- Issue :
- 3524
- Database :
- Complementary Index
- Journal :
- BusinessWeek
- Publication Type :
- Periodical
- Accession number :
- 19195429