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Topic: Harold Geneen

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International Telephone and Telegraph

	ITT
		In 1959 Harold Geneen was elected as CEO, and turned the minor building of the 1950s into a major force during the 1960s.
		On September 28th, 1973, ITT headquarters in New York City was bombed in protest of ITT's involvement with the September 11 Coup in Chile which saw the overthrow of the democratically elected government headed by Salvador Allende by a military junta led by General Augusto Pinochet.
		Geneen's ITT was nevertheless one of the longer lived conglomorates, while the likes of Ling-Temco-Vought and Litton were in serious financial difficulties by the early 1970s and had rid themselves of their CEO's, Geneen managed ITT until 1977.
	www.starrepublic.org /encyclopedia/wikipedia/i/it/itt.html (562 words)

	Harold Geneen - Wikipedia, the free encyclopedia
		Harold Sydney Geneen (January 22, 1910-November 21, 1997), was an American businessman.
		Harold Geneen was born in Bournemouth, Hampshire, England.
		In 1972 Geneen was forced to resign as CEO and president of ITT, staying on the Board of Directors until 1977.
	en.wikipedia.org /wiki/Harold_Geneen (395 words)

	NIH: A Tale of Two Geneens
		There are a number of answers to that question, and the one which most people who knew of him would give is that he was president and chief executive officer of ITT from 1959 to 1977, chairman of its board from 1977 to 1979, and director of the board from 1979 to 1983.
		Geneen was nursing a lot of grudges on this score, some of them pretty trivial.
		Geneen wrote this book at the age of 87, shortly before he died, so it's not surprising that he might have wanted to fix his reputation for posterity, and to fix himself a nice one.
	pages.interlog.com /~jfitzger/geneen.htm (1240 words)

	Telecommunications Virtual Museum
		It was largely Geneen who grew IT&T into a world corporate power (but not in telecommunications), and it was Geneen who sowed the seeds for the eventual destruction of the original IT&T. IT&T grew from a tiny bankrupt Puerto Rican telephone company.
		Harold Geneen, vice president of Raytheon, came in to head IT&T in 1956 after Colonel Behn retired.
		However, Geneen knew the telephone plant in Europe was out of date and would soon need a heavy infusion of capital to join the rest of the telecommunications world.
	www.telcomhistory.org /vm/historiesITT.shtml (1001 words)

	Shareholder Value at Any Price
		Harold Geneen, for example, built ITT from a tired maker of telephone and telegraph equipment into one of the largest corporations in the world.
		A good summary of Harold Geneen and what he did and didn't do is contained in his obituary.
		Geneen's book, Managing, is currently out of print but you'll get value out of picking up a used copy at Amazon.
	www.mondaymemo.net /030113feature.htm (1704 words)

	The Synergy Myth: And Other Ailments of Business Today by Harold Gennen, with Brent Bowers (Site not responding. Last check: 2007-10-19)
		Geneen was a curmudgeon on steroids, but a pragmatic one.
		Geneen's main problem, he realized, was that 85 percent of his shareholders were American while 90 percent of his assets were abroad; in the United States ITT owned only a small military company and a telephone equipment outfit that supplied outdated technology.
		Geneen throughly overwhelms the commonsense, so much so that the reader is left to pore over his picture on the book jacket, wondering if somehow Newt Gingrich could have taken up residence behind those elfin features somewhere about two-thirds of the way through.
	www.strategy-business.com /press/16635507/15838 (1038 words)

	TIME.com: The Clubby World of ITT -- Mar. 27, 1972 -- Page 1
		SEVERAL years ago, Harold Geneen complained about the image of the company that he heads: "You can stop 15 people in the street and not one will know what ITT is. That bothers me." Geneen hardly has that worry today.
		Under Geneen, ITT through a dizzying series of acquisitions has become a hotel operator (Sheraton), insurance seller (Hartford Fire), car renter (Avis), baker (Continental Baking), homebuilder (Levitt), as well as a maker of pulp and cellulose and a major shareholder in Comsat.
		Division chiefs are free to run their operations, so long as they can convince Geneen that they are hitting his targets of a 15% compounded growth in profits every year, or have excellent reasons why they cannot do so.
	www.time.com /time/magazine/article/0,9171,910295,00.html (744 words)

	Educate Yourself - The ITT Story, Part II
		Geneen was sharp with his figures and knew the ins and outs of the accounting side of the conglomerate game, but, more importantly, he knew the role that Wall Street could play in investor sentiment towards his company.
		As for Geneen, himself, he was actually one of the lower paid CEOs, receiving a salary of only $250,000, which while still hefty for the time was nowhere near that of his competitors.
		Geneen was counting on a rising share price for the source of his wealth, but those dreams succumbed to the vicious bear market of 1973-74.
	www.buyandhold.com /bh/en/education/history/2002/itt_pt_2.html (1764 words)

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	bartleby.com /cgi-bin/texis/webinator/sitesearch?db=db&query=Harold+... (284 words)

	Telecommunications History: 03. Remembering ITT Archives
		Harold Geneen, an obsessive and ruthless man, at times criminal, took charge.
		During my own time there, the engineers were still reeling from the way in which Geneen trashed all their technology heritage, both figuratively and literally.
		Geneen was the sort who'd say, 'OK, so what did you do for me this year?' He wouldn't invest in people whose creativity didn't match the accounting cycle.
	www.privateline.com /mt_telecomhistory/d_early_radio_notes/03_remembering_itt (948 words)

	OPINION \| Obituario de Harold Geneen. Empresario. Presidente de ITT
		Harold Geneen había nacido en el seno de una familia judía en Bournemouth (Inglaterra), que emigró a EEUU cuando él era un niño.
		Geneen, un trabajador infatigable y exigente con sus subordinados, puso en marcha una ambiciosa estrategia de adquisiciones que hicieron pasar a ITT de una facturación de 700 millones de dólares en 1960 a más de 17.000 millones en 1977.
		Harold Geneen, empresario, murió el pasado viernes a los 87 años de un infarto en Manhattan (Nueva York).
	www.elmundo.es /1997/11/25/opinion/25N0017.html (470 words)

	The Book of Management Wisdom : Classic Writings by Great Business Leaders - Leadershop@LeadershipNow.com (Site not responding. Last check: 2007-10-19)
		Harold Geneen inherited a stodgy telecommunications company when he was recruited for ITT's presidency in 1959-- he then transformed it into a multinational conglomerate power-house, pumping up annual sales from $766 million to $22 billion over time.
		Geneen was born in Britain, but his family moved to the United States when he was less than a year old.
		For Geneen, "the highest art of professional management requires the literal ability to 'smell' a 'real fact' from all others." He also believed that "the essential element" for all managers is "emotional attitude," which he wanted to be as intense as a nuclear explosion.
	www.leadershipnow.com /leadershop/5487-2excerpt.html (20620 words)

	geneen: Harold S. Geneen Quotes (Site not responding. Last check: 2007-10-19)
		Geneen Roth is best known for her many books, including When Food Is Love; Feeding the Hungry Heart.
		Geneen Roth - geneen roth genen rot rodh orth roht eneen gneen geeen.
		Harold S. Geneen He suffered from paralysis by analysis.
	www.cnsbkf.com /geneen.html (210 words)

	SingaporeMoms - Parenting Encyclopedia - ITT
		At the time a combination of low interest rates and a number of now-questionable accounting and tax laws allowed companies to buy out others with huge loans, known as a leveraged buyout.
		As long as the company in question had profits that were higher than the interest rate paid on the loans, the conglomerate as a whole appeared to be more profitable because the reporting practices of time allowed them to emphasize their earnings without respect to their outstanding long-term debt.
		Journalist Anthony Sampson wrote The Sovereign State of ITT in 1973, using this company to make a broader point about the weakening of the authority of traditional national governments by the multinational corporations.
	www.singaporemoms.com /parenting/ITT (863 words)

	The Harvard Crimson :: News :: The Discreet Lies of ITT
		As the 29th and final witness to appear before the five-member subcommittee, Geneen's testimony epitomized the line of defense used by the cor-poration to fend off accusations of wrongdoing and illegal interference with the orderly electora' process of what was then the leading democracy in Latin America.
		In November 1976, a former ITT public relations director for Latin America named Harold V. Hendrix pleaded guilty to a one-count charge of failing to testify fully and accurately to the Senate multinationals subcommittee during the ITT hearings.
		Today, Harold Geneen can go about the business of overseeing the globe-spanning empire of ITT that he so carefully built during the last 19 years without a single official cloud of suspicion hovering over him.
	www.thecrimson.com /printerfriendly.aspx?ref=119920 (965 words)

	User Reviews and comparison blog on Managing - Harold Geneen - Book Title by raghav2k on MouthShut.com
		Harold Geneen, a legend, is one of the greatest corporate honchos, a manager, leader and visionary par-excellence, and rightfully occupies an important place in the hall of fame in the ranks of Alfred
		For the benefit of younger generation: Geneen after being VP of Raytheon (who make patriot missiles), took over as CEO of ITT in 1959 when the telecom giant had sales of $766 million and profits as little as $29 million.
		Geneen in his reign bought and absorbed over 350 different businesses.
	www.mouthshut.com /readreview/18214-1.html (408 words)

	HAROLD GENEEN - MAGAZINE COVER SIGNED CIRCA 1967
		After joining the board of ITT in 1959, former accountant Harold Geneen began an acquisition and diversification program that included purchasing Sheraton Hotels and Continental Baking.
		When Geneen stepped down in 1977, ITT's sales had risen from $755 million to nearly $28 billion and earnings increased from $29 million to $562 million.
		Geneen described his success using micromanagement and attention to detail in his 1985 book, Managing.
	www.galleryofhistory.com /archive/10_2000/business/HAROLD_GENEEN.htm (190 words)

	Where are they now? Checking in with 13 of 1977's top business leaders - 20th Anniversary Commemorative Issue - Part ...
		At $846,000 in salary and bonus, Harold Geneen was the highest-paid executive in 1977; he was also perhaps the most revered.
		Well before the acquisition binge of the '80s, Geneen and his merry band roamed the world on the make; during his tenure, Geneen undertook an astonishing 350 mergers and acquisitions-an average of some 20 each year.
		But to most employees and observers, this finance man born to a modest English family was a dedicated and inspiring leader who understood the value of employee morale and the importance of taking a long-term view.
	www.findarticles.com /p/articles/mi_m4070/is_n126/ai_20045533 (772 words)

	Harold S. Geneen \| 20th Century American Leaders Database
		Geneen diversified International Telephone and Telegraph through acquiring shares of companies ranging from the Sheraton Hotel Chain to the Hartford Insurance Company.
		Geneen grew his firm from $765 million to $8.5 billion in revenues to become one of the largest multinational conglomerates in the world.
		By the 1970s, International Telephone and Telegraph enjoyed an annual growth rate of 10% and managed 250 companies in some 60 countries.
	www.hbs.edu /leadership/database/leaders/300 (67 words)

	THE WEEK IN BUSINESS; HAROLD GENEEN - New York Times
		Evidently, Harold S. Geneen has decided to invest in cotton towels.
		Geneen was not around to comment on the offer, but Ira J. Hechler, a member of the Geneen investment group, said Cannon's chairman, Otto G. Stolz, had been asked to remain as the company head.
		Geneen would probably take a seat on the Cannon board.
	query.nytimes.com /gst/fullpage.html?res=9402E5D6163BF937A35752C0A967948260 (134 words)

	ITT: The Management of Opportunity
		Eventually, his successor was found in Harold Geneen, an outsider from Raytheon.
		Under Geneen, ITT quickly became one of the fastest growing corporations in the U.S. ITT once acquired some 20 unrelated companies in one month.
		Under pressure from ITT's board, Geneen stepped down in 1977, but masterminded the dismissal of his successor, Lyman Hamilton, and installation of Rand Araskog in 1978.
	www.beardbooks.com /beardbooks/itt.html (856 words)

	MARC PERKINS - GUNTHER INTERNATIONAL LTD (SORT): TWST
		And Harold then was in his 80s and ran the company, for several years, built it up some.
		In late 1997, Harold Geneen passed away and it became evident by mid-1998 that the people Harold had installed to run the company were not capable, if Harold wasn't around, to oversee it all.
		The company had some difficulties, and I put together a group, the largest investor of which was the Tisch family, who came in, made an investment in the company, and I came in to run it after 30 years in the investment business.
	www.twst.com /notes/articles/kax618.html (446 words)

	Alibris: Managing - 024612666302461291740380699869
		If you are not satisfied for any reason, return the item for a full refund of the item price.
		Geneen says there are no theories on management, and attributes his business success to fundamental hard work and getting the right results.
		In order to make your own good business decisions, discover Geneen's methods for getting to the indisputable facts and finding the right answers.
	www.alibris.com /books/isbn/024612666302461291740380699869/Managing (107 words)

	Paid Notice: Deaths GENEEN, HAROLD S - New York Times
		GENEEN-Harold S. The management and employees of General Bearing Corporation mourn the loss of Harold Geneen, an extraordinary man. Mr.
		Geneen was a good friend of our company as well as a director and advisor.
		The loss of his special brand of wisdom and guidance will be difficult to bear.
	query.nytimes.com /gst/fullpage.html?res=9D04E4D7123BF937A15752C1A961958260 (80 words)

	Publisher description for Library of Congress control number 98048831
		Harold Geneen is widely hailed as one of the greatest innovators the business world has ever known.
		In his final book, the father of the conglomerate who called himself "just plain Harold" took on the popular beliefs and practices in the business world today, and championed the no-nonsense values that served him so well.
		The result is the equivalent of a master class with one of the most accomplished businessmen of our time.
	www.loc.gov /catdir/description/hol056/98048831.html (145 words)

	Geneen, Harold
		Harold Geneen is the classic example of the CEO as analyst.
		Under Geneen, ITT’s spending spree amounted to 350 companies and included Avis Rent-A-Car, Sheraton Hotels, Continental Baking, and Levitt and Sons, among many others.
		By 1970, ITT was composed of 400 separate companies operating in 70 countries.
	www.learningmatters.com /idx/8262 (105 words)

	NS: HAROLD GENEEN: BUILDER OF THE ITT EMPIRE! 2001-09-13
		NS: HAROLD GENEEN: BUILDER OF THE ITT EMPIRE!
		Harold Geneen became a legend when he transformed
		The ability to earn trust is all important to success.
	www.hi.is /~joner/eaps/ds_genee.htm (501 words)

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