Henry Caruso

Henry "Hank" J. Caruso (February 24, 1922 – November 26, 2017) was an American businessman. He was the founder of Dollar Rent A Car.[1]

For the opera singer, see Enrico Caruso. For the basketball player, see Henry Caruso (basketball).
Henry Caruso
Born
Henry Joseph Caruso

(1922-02-24)February 24, 1922
DiedNovember 26, 2017(2017-11-26) (aged 95)
Other namesHenry J. Caruso
Alma materUniversity of Southern California
OccupationBusinessman
Spouse(s)Gloria Caruso
Children3, including Rick Caruso

Early life

Of Italian heritage, Caruso was born in Pennsylvania. His father, August Caruso, worked in the landscape business and decided that the weather in the Mid-Atlantic was problematic and moved the family to Los Angeles, California in the mid-1920s. They first moved to East Los Angeles but soon settled in the Silver Lake neighborhood where Henry and his brothers, Albert and Lawrence, were raised.

He enrolled at the University of Southern California (USC) in 1939 with plans to study medicine, but left to join the US Navy Air Corp and earned the distinction of Navy Pilot LTJG.[2] He returned to USC after the war to finish his studies.[3]

Career

Caruso entered the automobile business by acquiring a number of new car dealerships, including from General Motors, Ford and Chrysler. In the early days of TV he virtually monopolized commercial television airwaves in Los Angeles with his radio and TV singing commercials where he billed himself as "H.J. Caruso—he's the greatest." [4][5] The Desert Sun called him the "glamour boy of automotive salesmanship in Los Angeles."[4]

He founded Dollar Rent-A-Car in 1966 as Dollar A Day Rent A Car.[6] After opening five locations, he was determined to open lucrative airport locations; however the "big three" car rental companies, Hertz, Avis and National, had already established locations in airports and made it difficult for the new company to enter the market.[2]

This led to a legal fight in the 1970s that caused the Federal Trade Commission to take action and prohibit any practices that discriminated against small companies vying for airport locations.[7] Many airports, newspapers, and local townships rejected his request to display the "Dollar A Day" sign as they felt it constituted false advertising.[6]

In 1973, the Palm Springs, California Planning Commission rejected Caruso's request for approval of a "Dollar A Day" sign as "misleading advertising."[4] He later changed the name to Dollar Rent-A-Car. Under his 20 years of guidance it grew to be the fourth largest car rental agency worldwide with over 1,400 locations. He sold the company to the Chrysler Corporation in 1990 (it is now a part of the Dollar-Thrifty Automotive Group).[8]

Caruso was also the head of Caruso Affiliated, which owned his car dealerships, and HJC Investment Corporation, an investment company.

On April 25, 1957, Caruso was indicted by the Grand Jury of Los Angeles County for criminal conspiracy to defraud and cheat, forgery, and grand theft related to his automobile dealerships. Caruso pleaded guilty to two counts (forgery and grand theft) of the April 25 indictment.[9]

Caruso was given a suspended sentence. Probation was granted for a period of 10 years conditioned on his spending the first year in the county jail, paying a fine of $10,000 and remaining "out of the automobile business or any business involving sales to the public."[9]

In 1970, the Superior Court of California set aside the guilty plea.[5] Having fulfilled the terms of his probation, he was allowed to withdraw his guilty plea and enter a plea of not guilty, and the charges against him were dismissed.[10]

Personal life

Caruso lived with his wife Gloria in Beverly Hills, California. He has one daughter, Cristina Caruso, and two sons, Rick J. Caruso, a billionaire builder and retail operator and owner and CEO of Caruso Affiliated, which has built and owns and operates such retail properties as The Grove at Farmers Market and The Americana at Brand,[11] and Marc Caruso, a Los Angeles music executive and CEO of Angry Mob Music.[12]

References
  1. "Henry Caruso". Legacy. 27 November 2017. Retrieved 23 March 2019.
  2. Margret McNelis-Ahern, Dollar Rent-A-Car Systems Inc.: rental company tackles the globe, Los Angeles Business Journal, February 5, 1990.
  3. Henry J. Caruso, Ellis Island Medals of Honor (2001 Recipient) Archived 2008-01-11 at the Wayback Machine, NECO, Inc., Accessed January 14, 2008.
  4. Stuart Heinemann, Caruso Finds Times Change!, The Desert Sun, January 5, 1973.
  5. Ed Leibowitz, "Will the Man Behind the Grove Remake the Rest of L.A. in His Own Image?", Los Angeles Magazine, July 1, 2007.
  6. History of Dollar, Dollar Car Sales; accessed September 14, 2017.
  7. Margret McNelis-Ahern, Dollar Rent-A-Car Systems Inc.: rental company tackles the globe, Los Angeles Business Journal, February 5, 1990.
  8. Henry J. Caruso, Ellis Island Medals of Honor (2001 Recipient) Archived 2008-01-11 at the Wayback Machine, NECO, Inc.; accessed January 14, 2008.
  9. People v. Caruso, 174 Cal. App. 2d 624 (345 P.2d 282).
  10. Miles Beller, "A Higher Calling?", Los Angeles Times, May 04, 2003.
  11. Deborah Belgum, The Grove: latest example of Caruso's main street feel, Los Angeles Business Journal, March 25, 2002.
  12. Christman, Ed (20 July 2016). "Publishing Briefs". Billboard Magazine. Retrieved July 20, 2016.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.