Word: itt
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Dates: during 2000-2009
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Enter Irwin Jacobs, the Minneapolis-based financier whose takeover antics in the 1980s struck fear into the hearts of companies like ITT and Disney. Jacobs, a reformed predator, now runs Genmar Holdings, a remnant of his buccaneering days and a company whose principal business is building pleasure boats. Boatbuilding is messy, environmentally hazardous and so unpleasant a job that Genmar has a hard time getting workers to do it. Pyramid built a few test hulls for Genmar, but Kirila's system wasn't refined enough for Jacobs' engineers. "They were 90% there, and we needed 100%," says Jacobs...