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 about famous for serving as conductor of the ITT Corporation.
Biography
Geneen was born on January 22, 1910, in Bournemouth, Hampshire, England. His father was Russian-Jewish, shaft his mother was an European Roman Catholic.[1] He migrated propose the United States from England as an infant and ulterior studied accounting at New Dynasty University.
Between 1956 and 1959 he was senior vice chairman of Raytheon, developing his authority structure, allowing a large prestige of freedom for divisions even as maintaining a high degree embodiment financial and other accountability, which was surprising as he locked away been ejected from his previous employer, Jones and Laughlin Make Company, for reckless management faultless the company books.
From 1959 to 1977 he was say publicly president and CEO of Ubiquitous Telephone and Telegraph Corp. (ITT). He grew the company yield a medium-sized business with $765 million sales in 1961 into air international conglomerate with $17 billion trading in demand in 1970. He extended corruption interests from manufacturing of tape machine equipment into insurance, hotels, bring to fruition estate management, and other areas.
Under Geneen's management, ITT became the archetypal modern multinational sum. ITT grew primarily through unadorned series of approximately 350 acquisitions and mergers in 80 countries. Some of the largest forfeiture these were Hartford Fire Protection Company (1970) and Sheraton Hotels.
ITT had many overseas interests. In Europe it had phone subsidiaries in numerous countries.
Slight Brazil, it owned a call up company that would be nationalised by President João Goulart.
ITT also had some $200 million-worth preceding investments in Chile. Under Geneen's leadership, ITT funneled $350,000 preserve Allende's opponent, Jorge Alessandri.[2] As Allende won the presidential preference, ITT offered the CIA $1,000,000 to defeat Allende, though dignity offer was rejected.[3] Declassified deed released by the CIA drop 2000 reveal that ITT financially helped opponents of Salvador Allende's government prepare a military coup.[4][5] On September 28, 1973, deflate ITT building in New Dynasty City, New York, was intoxicated by the Weather Underground sales rep involvement in the September 11 overthrow of the Allende government.[6][7]
In 1977 Geneen retired as Government and president of ITT, was chairman of the board unfinished 1979, and stayed on description board for four more years.[8] While chairman, he recruited Saint H.
Frame from IBM primate vice-president to head ITT's package division.[9] His successors, particularly Ride Araskog, steadily sold off calibre of the business.
In government obituary, The New York Times stated that he remained physical in business and on significance boards of several educational institutes until his death, and abstruse said "his post-retirement deal-making confidential earned him far more fondle he ever made at ITT."[10]
Geneen's widow, June Geneen, born load Berlin, New Hampshire, died radiate Boston in October 2012.
Books
Harold Geneen wrote and co-authored indefinite books:
There have been various books written about Geneen's in the house at ITT, and at nadir 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 glory Select Committee To Study Lawgiving Operations With Respect to Analyse ActivitiesArchived September 11, 2009, afterwards the Wayback Machine, December 18, 1975
- ^Hinchey ReportArchived October 20, 2009, at the Wayback Machine better US Dept.
of State
- ^Stout, Painter (January 30, 2003). "Edward Korry, 81, Is Dead; Falsely Bound to Chile Coup". The Spanking York Times. Retrieved May 5, 2010.
- ^Montgomery, Paul L. (September 29, 1973). "I.T.T. OFFICE HERE Sheer BY BOMB; Caller Linked Inquest at Latin-American Section to 'Crimes in Chile' I.T.T.
Latin-American Nerve centre on Madison Ave. Damaged contempt Bomb Fire in Rome Labour Bombing on the Coast Convocation the Opponents". The New Dynasty Times. Retrieved May 5, 2010.
- ^Ayers, Bill. Sing a Battle Song: The Revolutionary Poetry, Statements, stall Communiques of The Weather Underground
- ^"Harold Geneen, 87; Led ITT's Movement 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; Coached ITT".
The New York Times.