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Word: geneen (lookup in dictionary) (lookup stats)
Dates: during 1980-1989
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Usage:

...they take effect, the Philip Morris and RJR Nabisco deals may prove to be textbook cases of smart corporate strategies. They could also turn out to be flops -- or so U.S. business history would suggest. In the 1960s some of America's most celebrated executives, including Harold Geneen at ITT and Charles Thornton at Litton Industries, acquired scores of companies and built huge conglomerates. Like many empires, they eventually declined. A similar fate may await some of today's dealmakers...

Author: /time Magazine | Title: Food Fights on Wall Street | 10/31/1988 | See Source »

...Chairman Rand Araskog has spun off some 95 businesses worth about $4 billion. Meanwhile, he has channeled resources into such prized divisions as the Hartford insurance company and the Sheraton chain of 488 hotels and resorts. Says Herbert Goodfriend, a telecommunications analyst at Prudential-Bache: "Araskog is dismantling Harold Geneen's empire...

Author: /time Magazine | Title: Disconnecting a Telephone Empire | 7/7/1986 | See Source »

...from the Virgin Islands named Sosthenes Behn founded International Telephone & Telegraph, hoping to link callers around the world much as AT&T had connected phone users in the U.S. For decades thereafter, Behn's successors at ITT remained true to his vision. Even when ITT's acquisitive chairman Harold Geneen began buying dozens of companies in such fields as aerospace, bakery goods and cosmetics in the 1960s and 1970s, he kept ITT firmly planted in global telecommunications...

Author: /time Magazine | Title: Disconnecting a Telephone Empire | 7/7/1986 | See Source »

Rohatyn has put together some of the biggest deals in history. His first supermerger was in 1968, when he helped ITT acquire Hartford Insurance for $2 billion. Throughout the 1960s Rohatyn worked with ITT Chief Executive Harold Geneen, who built the company into one of the first powerful conglomerates and the ninth-largest industrial firm in the U.S. at the time. The ITT-Rohatyn deals included Continental Baking, maker of Hostess cakes, and Avis. In recent years Rohatyn's handiwork could be found in the Allied-Signal merger and the acquisition of Electronic Data Systems by General Motors. "Felix...

Author: /time Magazine | Title: Today Things Are Getting Badly Out of Hand | 12/23/1985 | See Source »

...billion worth of properties acquired during the 1960s and '70s. These range from a cigar company to a former site of Madison Square Garden in New York City. Says Chairman Martin Davis: "I just don't think you can manage all these businesses well." The ITT conglomerate that Harold Geneen put together in the 1960s is also being dismantled...

Author: /time Magazine | Title: Let's Make a Deal | 12/23/1985 | See Source »

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