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...Rohatyn’s most storied and controversial relationship was with ITT Corp, originally a telecom company that would become the archetypal conglomerate under chief executive Harold Geneen....
...Still, Rohatyn weathered his own controversies, most notably his relationship with ITT Corp, originally a telecoms company that would become the archetypal conglomerate under chief executive Harold Geneen...
...“Of course, the idea of a conscience committee playing David to ITT’s Goliath and forcing its will on the mammoth conglomerate is laughable,” he wrote, because the job of a money manager was simply “to make...
...During the heat of the ITT battle, Bollenbach publicly described Rand Araskog, the target’s chief executive, as “a weenie”....
...It is a pattern that goes back at least as far as the US conglomerate boom of the late 1960s, when deal-addicted groups such as ITT and Leasco bestrode the stock markets, only to go into sharp decline a...
...Two years after ITT divested its majority stake in STC, which by then had gained its own London stock market listing, Corfield made his most audacious move....
...Mr Sternlicht took over Westin Resorts & Hotels Worldwide and ITT Corp, which owned the Sheraton chain and the St Regis hotel in New York....
...In 1970, the conglomerate craze (the flip side of today’s break-up fever) shows up briefly, in the form of ITT — telecom, hotel operator, bread baker and industrial manufacturer....
...David Korff, a retired financial analyst for ITT Corp, said the doctor did more than deceive the government....
...The short-sellers who thought education provider ITT, Beazer Homes or Restoration Hardware were bound to fall have been hit by rises of more than 40 per cent in three weeks....
...From the far end of a covered arcade in Tribeca, four Cousin Itt mop-heads above bare womanly legs strode toward us shoulder to shoulder....
...Ivonne Baki, chairman of the Yasuní-ITT Initiative, says December is not a deadline, just a review....
...Splits, such as the three-way division of ITT and Tyco, the industrial companies, create multiple new clients for the banks, with the resulting entities widely expected to take part in consolidation or become...
...called for Walmart and News Corp to enhance their corporate governance....
...Both in its furious construction and serial deconstruction, Tyco strongly resembles ITT....
...In the past year, ITT, Fortune Brands and Sara Lee have all adopted split-up strategies....
...Sara Lee, Fortunes Brands, ITT and a host of companies in the energy sector have opted to split up their businesses in the past year, as the market rewards pure-play businesses with a better valuation....
...News Corp, a global media conglomerate, is suffering from reputational damage caused by one of its smallest parts, the declining UK newspaper operation....
...Sara Lee, Fortune Brands and ITT have also announced separations in the past year....
...Just up Sixth Avenue from the offices of McGraw-Hill and News Corp, the FT’s pink logo lights up the former headquarters of the ITT of Harold Geneen, the “conglomerateur” who added many unrelated businesses...
...About half of ITT revenues had been drawn from the defence sector....
...Williams follows other US companies planning to split their businesses, including ITT, Fortune Brands, Marathon Oil and Sara Lee....
...In the past year, companies including Sara Lee, ITT and Fortune Brands have decided to separate disparate parts of their businesses, in some instances under pressure from activist investors....
...In the 1960s ITT was a global conglomerate, owning Sheraton hotels and Avis car rental....
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