The ITT Wars
| Author | : | |
| Rating | : | 4.69 (794 Votes) |
| Asin | : | 080500825X |
| Format Type | : | paperback |
| Number of Pages | : | 241 Pages |
| Publish Date | : | 0000-00-00 |
| Language | : | English |
DESCRIPTION:
From Library Journal Araskog, Minnesota farm boy who became CEO of ITT, provides an in-depth look at recent tumultuous events (1980-87) in the company's history. Racked by burdening debt, ITT became a ripe candidate for corporate raiders. Araskog details his fending off of the raiders and his bold moves to pull off a badly needed joint venture with French telecommunications giant CGE. Araskog writes fairly well, but his prose will not stimulate anyone who does not already have a burning interest in ITT. The players involved are obviously very important to the narrative, but their relative obscurity makes it difficult to hold the reader's attention. Throughout the text, he also makes stinging indictments of insider trading and lists steps to correct what he sees as a real threat to healthy and sociologically sound business entities. Turkalo, Soc
He is a director of Hartford Financial Services Group, Inc., ITT Educational Services, Inc., Alcatel Alsthom of France, Dow Jones & Company, Inc., Rayonier Inc., and Shell Oil Company. Previously he had served as the chief executive of the corporate predecessor of ITT Industries from 1979 and as its chairman from
paperback book with the name of The ITT Wars are written by Rand V. Araskog. it launch on 0000-00-00 and has 241 number of pages. Here, you can read it online or download on any other format as u want to.
Hostile takeover soap opera As an ITT employee, I commend Rand Araskog for defending the company from demise; but the book reads more like a soap opera than anything else. Disgruntled employees and ruthless billionaires all take a shot at Mr. Araskog and his executive leadership. In the end, he walks away with the company and his sanity; albeit, a little banged up, but essentially intact. For that, I say, "well done Mr. Araskog!" Well done! However, but for the fact that I have an autographed copy of. "Don't waste your money" according to James I. Bullen. Harold Geneen once said that he wanted ITT so tightly organized that when he left even Mickey Mouse could run it. Unfortunately Mickey Mouse (in the body of Rand Araskog) was actually named (or rather ironically, forced on the board by Geneen himself) It turned out that Mickey Mouse couldn't run the company. This book is an attempt to whitewash the fact that Araskog destroyed ITT, left the shareholders holding the bag, but made himself rich in the process-- Araskog is a pe. Sincere, honest, and educational Probably once you think about it, all corporations have their stories. ITT has one that is worth writing about and learning from. The book chronicles the struggles, troubles and eventual triumph of a company in the midst of hostile takeovers. The preface and postlogue in this edition makes it even more interesting that we are given as much as 10 years worth of lookin back by the author himself.It's a good book to check out.