Many of you have asked about Jim's speech at the Awards Breakfast.
http://www.viddler.com/explore/martinmillner/videos/1/
If you want to see it - Marty Millner captured it with his FlipCam - click the link above to watch the whole video.
If you are just interested in some of the bullet points, here they are:
Coldwell Banker and its parent company, Realogy, are not in the sort of financial trouble that has been reported in some misleading press reports. In fact, Realogy's EBITDA (Earnings Before Interest, Taxes, Depreciation and Ammoritization) was $411 Million. Free cash flow is $109 Million. Those both show that Coldwell Banker has the money it needs to do business.
If that wasn't enough, Jim shared that Apollo Management (the company that owns Realogy) has provided Realogy a credit line of $750 Millon. This means the "rainy day fund" is still in place should the company ever need it.
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