2004 EBITDA Marketing Operations 
Harvard Business Review
SEPTEMBER 27, 2012
Employees frequently attribute breakdowns to incompetence or bad faith on the part of colleagues in other departments: "Those bozos in headquarters [or finance or marketing] screw everything up." Within three years, ALL's Brazilian rail operations had increased revenues by 50% and tripled EBITDA.
Harvard Business Review
OCTOBER 2, 2012
The company agreed to be acquired by Expedia/IAC in 2004 for $210 million in cash , a huge win for all, particularly given their amazing capital efficiency: they had only raised $4 million in venture capital. billion market capitalization as of this writing. and EBITDA margins are 47%. Think about that.
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