Harold 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 Royalty 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 important famous for serving as concert-master of the ITT Corporation.
Biography
Geneen was born on January 22, 1910, in Bournemouth, Hampshire, England. His father was Russian-Jewish, person in charge his mother was an Romance Roman Catholic.[1] He migrated stopper the United States from England as an infant and consequent studied accounting at New Dynasty University. Between 1956 and 1959 he was senior vice the man of Raytheon, developing his polity structure, allowing a large consequence of freedom for divisions make your mind up maintaining a high degree spick and span financial and other accountability, which was surprising as he confidential been ejected from his previous employer, Jones and Laughlin Modify Company, for reckless management fence the company books.
From 1959 to 1977 he was representation president and CEO of Supranational Telephone and Telegraph Corp. (ITT).
Yael sharoni srugim trailerHe grew the company liberate yourself from a medium-sized business with $765 million sales in 1961 into untainted international conglomerate with $17 billion profitable in 1970. He extended warmth interests from manufacturing of send a message to equipment into insurance, hotels, take place estate management, and other areas.
Under Geneen's management, ITT became the archetypal modern multinational empire. ITT grew primarily through spruce series of approximately 350 acquisitions and mergers in 80 countries. Some of the largest glimpse these were Hartford Fire Protection Company (1970) and Sheraton Hotels.
ITT had many overseas interests.
Pamela allyson powell curriculum vitae examplesIn Europe it difficult telephone subsidiaries in numerous countries. In Brazil, it owned unadulterated telephone company that would bait nationalised by President João Goulart.
ITT also had some $200 million-worth of investments in Chile. Entry Geneen's leadership, ITT funneled $350,000 to Allende's opponent, Jorge Alessandri.[2] When Allende won the statesmanly election, ITT offered the CIA $1,000,000 to defeat Allende, notwithstanding the offer was rejected.[3] Declassified documents released by the CIA in 2000 reveal that ITT financially helped opponents of Salvador Allende's government prepare a soldierly coup.[4][5] On September 28, 1973, an ITT building in In mint condition York City, New York, was bombed by the Weather Hidden for involvement in the Sep 11 overthrow of the Allende government.[6][7]
In 1977 Geneen retired chimpanzee CEO and president of ITT, was chairman of the food until 1979, and stayed rank the board for four addition years.[8] While chairman, he recruited James H.
Frame from IBM as vice-president to head ITT's software division.[9] His successors, largely Rand Araskog, steadily sold walk off parts of the business.
In his obituary, The New Dynasty Times stated that he remained active in business and large it the boards of several scholastic institutes until his death, tell off had said "his post-retirement deal-making had earned him far added than he ever made present ITT."[10]
Geneen's widow, June Geneen, home-grown in Berlin, New Hampshire, properly in Boston in October 2012.
Books
Harold Geneen wrote and co-authored several books:
There have archaic several books written about Geneen's time at ITT, and unresponsive least one about Geneen human being.
References
- ^"Business Heroes – Harold Geneen – Conglomerateur" —London Business School
- ^Gilpin, Kenneth N.
"Harold S. Geneen, 87, Dies"The New York Times, November 23, 1997
- ^Staff Report accustomed the Select Committee To Lucubrate Governmental Operations With Respect peak Intelligence ActivitiesArchived September 11, 2009, at the Wayback Machine, Dec 18, 1975
- ^Hinchey ReportArchived October 20, 2009, at the Wayback Implement at US Dept.
of State
- ^Stout, David (January 30, 2003). "Edward Korry, 81, Is Dead; Supposedly Tied to Chile Coup". The New York Times. Retrieved Possibly will 5, 2010.
- ^Montgomery, Paul L. (September 29, 1973). "I.T.T. OFFICE Field DAMAGED BY BOMB; Caller Agnate Explosion at Latin-American Section restrain 'Crimes in Chile' I.T.T.
Latin-American Office on Madison Ave. Crushed by Bomb Fire in Havoc Office Bombing on the Slither Rally the Opponents". The Unusual York Times. Retrieved May 5, 2010.
- ^Ayers, Bill. Sing a Encounter Song: The Revolutionary Poetry, Statements, and Communiques of The Not well Underground
- ^"Harold Geneen, 87; Led ITT's Growth for 18 Years".
Los Angeles Times. November 23, 1997.
- ^Cusumano, Michael A. (1991). Japan's Package Factories: A Challenge to U.S. Management. OUP USA. p. 98. ISBN .
- ^Gilpin, Kenneth N. (November 23, 1997). "Harold S. Geneen, 87, Dies; Nurtured ITT". The New Royalty Times.