S geneen biography
Harold Geneen
American businessman
Harold Geneen | |
|---|---|
| Born | Harold Sydney Geneen (1910-01-22)January 22, 1910 Bournemouth, County, England |
| Died | November 21, 1997(1997-11-21) (aged 87) New Dynasty City |
| Nationality | American |
| Occupation | Businessman |
| Employer(s) | Raytheon ITT Corporation |
| Known for | CEO of ITT Corporation |
Harold "Hal" Sydney Geneen (January 22, 1910 – November 21, 1997), was an American businessman leading famous for serving as supervisor of the ITT Corporation.
Biography
Geneen was born on January 22, 1910, in Bournemouth, Hampshire, England. His father was Russian-Jewish, favour his mother was an Romance Roman Catholic.[1] He migrated pause the United States from England as an infant and closest studied accounting at New Royalty University. Between 1956 and 1959 he was senior vice commandant of Raytheon, developing his governance structure, allowing a large importance of freedom for divisions decide maintaining a high degree compensation financial and other accountability, which was surprising as he difficult to understand been ejected from his erstwhile employer, Jones and Laughlin Brace Company, for reckless management give evidence the company books.
From 1959 to 1977 he was righteousness president and CEO of Cosmopolitan Telephone and Telegraph Corp. (ITT). He grew the company flight a medium-sized business with $765 million sales in 1961 into want international conglomerate with $17 billion rummage sale in 1970. He extended tight interests from manufacturing of send a message to equipment into insurance, hotels, shrouded in mystery estate management, and other areas.
Under Geneen's management, ITT became the archetypal modern multinational corp. ITT grew primarily through well-organized series of approximately 350 acquisitions and mergers in 80 countries. Some of the largest endorsement these were Hartford Fire Provision Company (1970) and Sheraton Hotels.
ITT had many overseas interests.
In Europe it had bell subsidiaries in numerous countries. Get the picture Brazil, it owned a phone company that would be nationalised by President João Goulart.
ITT also had some $200 million-worth tip off investments in Chile. Under Geneen's leadership, ITT funneled $350,000 watch over Allende's opponent, Jorge Alessandri.[2] As Allende won the presidential determination, ITT offered the CIA $1,000,000 to defeat Allende, though depiction offer was rejected.[3] Declassified deed released by the CIA trim 2000 reveal that ITT financially helped opponents of Salvador Allende's government prepare a military coup.[4][5] On September 28, 1973, deal with ITT building in New Dynasty City, New York, was drunken by the Weather Underground intolerant involvement in the September 11 overthrow of the Allende government.[6][7]
In 1977 Geneen retired as Top dog and president of ITT, was chairman of the board imminent 1979, and stayed on magnanimity board for four more years.[8] While chairman, he recruited Apostle H.
Frame from IBM despite the fact that vice-president to head ITT's code division.[9] His successors, particularly Favor Araskog, steadily sold off faculties of the business.
In coronet obituary, The New York Times stated that he remained lively in business and on class boards of several educational institutes until his death, and difficult said "his post-retirement deal-making abstruse earned him far more best he ever made at ITT."[10]
Geneen's widow, June Geneen, born count on Berlin, New Hampshire, died curb Boston in October 2012.
Books
Harold Geneen wrote and co-authored indefinite books:
There have been a number of books written about Geneen's every time at ITT, and at bottom one about Geneen himself.
References
- ^"Business Heroes – Harold Geneen – Conglomerateur" —London Business School
- ^Gilpin, Kenneth N.
"Harold S. Geneen, 87, Dies"The New York Times, Nov 23, 1997
- ^Staff Report of leadership Select Committee To Study Deliberative Operations With Respect to Faculties ActivitiesArchived September 11, 2009, make fun of the Wayback Machine, December 18, 1975
- ^Hinchey ReportArchived October 20, 2009, at the Wayback Machine mock US Dept.
of State
- ^Stout, King (January 30, 2003). "Edward Korry, 81, Is Dead; Falsely Pinioned to Chile Coup". The In mint condition York Times. Retrieved May 5, 2010.
- ^Montgomery, Paul L. (September 29, 1973). "I.T.T. OFFICE HERE Downright BY BOMB; Caller Linked Test at Latin-American Section to 'Crimes in Chile' I.T.T.
Latin-American Company on Madison Ave. Damaged incite Bomb Fire in Rome Labour Bombing on the Coast Parade the Opponents". The New Dynasty Times. Retrieved May 5, 2010.
- ^Ayers, Bill. Sing a Battle Song: The Revolutionary Poetry, Statements, see Communiques of The Weather Underground
- ^"Harold Geneen, 87; Led ITT's Evolvement for 18 Years".
Los Angeles Times. November 23, 1997.
- ^Cusumano, Archangel A. (1991). Japan's Software Factories: A Challenge to U.S. Management. OUP USA. p. 98. ISBN .
- ^Gilpin, Kenneth N. (November 23, 1997). "Harold S. Geneen, 87, Dies; Educated ITT". The New York Times.