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Rand Araskog
Rand Vincent Araskog (October 31, 1931 – August 9, 2021) was an American manufacturing executive, investor, and writer who served as the CEO of ITT Corporation. During his time as the CEO between 1979 and 1998 he was known for divesting the conglomerate of multiple businesses including hotels, rental cars, and insurance to retain its focus on its core telecom businesses. Early life Rand Vincent Araskog was born on October 30, 1931, in Fergus Falls, Minnesota in a family of Swedish descent. His father was a tax collector and a dairy farmer in the town. He was elected as a valedictorian in his school and went on to the United States Military Academy at West Point where he graduated in 1953, majoring in Soviet studies. He graduated from Harvard University majoring in Russian studies and spent a year in West Germany serving at a US Army intelligence post. Career Araskog started his career working for the Defense Department at the Pentagon and the National Security Agency from ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fergus Falls, Minnesota
Fergus Falls is a city in and the county seat of Otter Tail County, Minnesota, United States. The population was 14,119 at the 2020 census. History The falls from which the city gets part of its name were discovered by Joe Whitford (a Scottish trapper) in 1856 and promptly named in honor of his employer, James Fergus. It is not known whether Fergus ever visited the city, but Whitford did not live to see the city develop, as he was killed during the 1862 Dakota war in western Minnesota. In 1867, George B. Wright was at the land office at St. Cloud and found Whitford's lapsed claim, purchased the land, and built what is now the Central Dam in downtown Fergus Falls around 1871. After Wright died in 1882, his son Vernon moved from Boston to Minnesota and took over his father's interests in the town. Vernon Wright was also one of the two people who established the Otter Tail Power Company in 1907. The city was incorporated in the late 1870s and is situated along the dividing lin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Hartford
The Hartford Financial Services Group, Inc., usually known as The Hartford, is a United States-based investment and insurance company. The Hartford is a Fortune 500 company headquartered in its namesake city of Hartford, Connecticut. It was ranked 160th in Fortune 500 in the year of 2020. The company's earnings are divided between property-and-casualty operations, group benefits and mutual funds. The Hartford is the 13th-largest property and casualty insurance company in the United States. It sells products primarily through a network of agents and brokers, and has also been the auto and home insurance writer for AARP members for more than 25 years. History The Hartford was founded in 1810 in Hartford, Connecticut. A group of local merchants gathered in a Hartford inn and, with working capital of $15,000, founded the Hartford Fire Insurance Company. The company survived some of the greatest peacetime tragedies in American history. After a huge fire destroyed New York's financ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Legion Of Honor
The National Order of the Legion of Honour (french: Ordre national de la Légion d'honneur), formerly the Royal Order of the Legion of Honour ('), is the highest French order of merit, both military and civil. Established in 1802 by Napoleon Bonaparte, it has been retained (with occasional slight alterations) by all later French governments and regimes. The order's motto is ' ("Honour and Fatherland"); its seat is the Palais de la Légion d'Honneur next to the Musée d'Orsay, on the left bank of the Seine in Paris. The order is divided into five degrees of increasing distinction: ' (Knight), ' (Officer), ' (Commander), ' (Grand Officer) and ' (Grand Cross). History Consulate During the French Revolution, all of the French orders of chivalry were abolished and replaced with Weapons of Honour. It was the wish of Napoleon Bonaparte, the First Consul, to create a reward to commend civilians and soldiers. From this wish was instituted a , a body of men that was not an order of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Starwood Hotel & Resorts Worldwide, Inc
Starwood Hotels and Resorts Worldwide, Inc. was one of the largest companies that owned, operated, franchised and managed hotels, resorts, spas, residences, and vacation ownership properties. It was acquired by Marriott International in 2016. Starwood had 11 brands and owned, managed, or franchised 1,297 properties comprising 370,000 hotel rooms in approximately 100 countries. Starwood was founded in 1969 as a real estate investment trust. In 1995, it was acquired and reorganized by Barry Sternlicht, who was its chairman until 2005 and founder of the Starwood Capital Group. The company had a business partnership with American Express and a loyalty program. History Starwood Hotels and Resorts was originally formed by the real estate investment firm Starwood Capital to take advantage of a tax break; at the time the company was known as Starwood Lodging. Initially, Starwood Lodging owned a number of hotels throughout North America, all under different brand names. The Westi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hilton Worldwide
Hilton Worldwide (legally Hilton Worldwide Holdings Inc.) is an American multinational hospitality company that manages and franchises a broad portfolio of hotels and resorts. Founded by Conrad Hilton in May 1919, the corporation is now led by Christopher J. Nassetta. Hilton is headquartered in Tysons Corner, Virginia, United States. As of June 30, 2020, its portfolio includes 6,215 properties (including timeshare properties) with 983,465 rooms in 118 countries and territories, including 690 that are managed and 5,405 that are franchised, with the combined managed and franchised properties having a total of 953,946 rooms, in addition to 65 that are owned or leased including 57 that are wholly owned or leased, one owned by a consolidated non-wholly owned entity, two that are leased by consolidated variable interest entities (VIEs) and five that are owned or leased by unconsolidated affiliates. Prior to its December 2013 IPO, Hilton was ranked as the 36th largest private compa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hostile Takeover
In business, a takeover is the purchase of one company (the ''target'') by another (the ''acquirer'' or ''bidder''). In the UK, the term refers to the acquisition of a public company whose shares are listed on a stock exchange, in contrast to the acquisition of a private company. Management of the target company may or may not agree with a proposed takeover, and this has resulted in the following takeover classifications: friendly, hostile, reverse or back-flip. Financing a takeover often involves loans or bond issues which may include junk bonds as well as a simple cash offers. It can also include shares in the new company. Types Friendly A ''friendly takeover'' is an acquisition which is approved by the management of the target company. Before a bidder makes an offer for another company, it usually first informs the company's board of directors. In an ideal world, if the board feels that accepting the offer serves the shareholders better than rejecting it, it recom ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Generale D’Electricite
A general officer is an officer of high rank in the armies, and in some nations' air forces, space forces, and marines or naval infantry. In some usages the term "general officer" refers to a rank above colonel."general, adj. and n.". OED Online. March 2021. Oxford University Press. https://www.oed.com/view/Entry/77489?rskey=dCKrg4&result=1 (accessed May 11, 2021) The term ''general'' is used in two ways: as the generic title for all grades of general officer and as a specific rank. It originates in the 16th century, as a shortening of ''captain general'', which rank was taken from Middle French ''capitaine général''. The adjective ''general'' had been affixed to officer designations since the late medieval period to indicate relative superiority or an extended jurisdiction. Today, the title of ''general'' is known in some countries as a four-star rank. However, different countries use different systems of stars or other insignia for senior ranks. It has a NATO rank sca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ITT System 12
System 1240 (later System 12) was an ambitious new Digital Telephone Exchange developed in 1977 by ITT Corporation. It reportedly cost US$1 billion. It anticipated the features of ISDN of the 1990s. The design was done at the Advanced Technology Center (Stamford, Connecticut and then Shelton, Connecticut.) Manufacturing was by ITT's subsidiaries, such as BTM in Belgium, where the first production system was installed at Brecht, Belgium, in August 1982. Initial sales, particularly in Europe and Mexico, were strong, but the new system took longer than expected to integrate, with further losses. Against the advice of headquarters, ITT Telecommunications ( ITT Kellogg) in Raleigh, North Carolina undertook the conversion to the US market, and although sales were announced in 1984 and 1985, the attempt ultimately failed, in early 1986.ITT System ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lyman C
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{{disambiguation, geo ...
Lyman may refer to: Places Ukraine * Lyman, Ukraine United States * Lyman, Iowa * Lyman, Maine * Lyman, Mississippi * Lyman, Nebraska * Lyman, New Hampshire * Lyman, Oklahoma * Lyman, South Carolina * Lyman, South Dakota * Lyman County, South Dakota * Lyman, Utah * Lyman, Washington * Lyman, Wyoming Other uses * Lyman (crater), a lunar impact crater * Lyman (name) * Lyman series of hydrogen spectral lines See also * Liman (other) * Lyman High School (other) Lyman High School may refer to: * Lyman Memorial High School, Lebanon, Connecticut * Lyman High School (Florida), Longwood, Florida * Lyman High School (South Dakota), Presho, South Dakota * Lyman High School (Wyoming), Lyman, Wyoming See also ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chile
Chile, officially the Republic of Chile, is a country in the western part of South America. It is the southernmost country in the world, and the closest to Antarctica, occupying a long and narrow strip of land between the Andes to the east and the Pacific Ocean to the west. Chile covers an area of , with a population of 17.5 million as of 2017. It shares land borders with Peru to the north, Bolivia to the north-east, Argentina to the east, and the Drake Passage in the far south. Chile also controls the Pacific islands of Juan Fernández, Isla Salas y Gómez, Desventuradas, and Easter Island in Oceania. It also claims about of Antarctica under the Chilean Antarctic Territory. The country's capital and largest city is Santiago, and its national language is Spanish. Spain conquered and colonized the region in the mid-16th century, replacing Inca rule, but failing to conquer the independent Mapuche who inhabited what is now south-central Chile. In 1818, after declaring in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Washington, D
Washington commonly refers to: * Washington (state), United States * Washington, D.C., the capital of the United States ** A metonym for the federal government of the United States ** Washington metropolitan area, the metropolitan area centered on Washington, D.C. * George Washington (1732–1799), the first president of the United States Washington may also refer to: Places England * Washington, Tyne and Wear, a town in the City of Sunderland metropolitan borough ** Washington Old Hall, ancestral home of the family of George Washington * Washington, West Sussex, a village and civil parish Greenland * Cape Washington, Greenland * Washington Land Philippines *New Washington, Aklan, a municipality *Washington, a barangay in Catarman, Northern Samar *Washington, a barangay in Escalante, Negros Occidental *Washington, a barangay in San Jacinto, Masbate *Washington, a barangay in Surigao City United States * Washington, Wisconsin (other) * Fort Washington (other) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harold Geneen
Harold "Hal" Sydney Geneen (January 22, 1910 – November 21, 1997), was an American businessman most famous for serving as president of the ITT Corporation. Biography Geneen was born on January 22, 1910 in Bournemouth, Hampshire, England. His father was Russian-Jewish, and his mother was an Italian Roman Catholic. He migrated to the United States from England as an infant and later studied accounting at New York University. Between 1956 and 1959 he was senior vice president of Raytheon, developing his management structure, allowing a large degree of freedom for divisions while maintaining a high degree of financial and other accountability, which was surprising as he had been ejected from his prior employer, Jones and Laughlin Steel Company, for reckless management of the company books. From 1959 to 1977 he was the president and CEO of International Telephone and Telegraph Corp. (ITT). He grew the company from a medium-sized business with $765 million sales in 1961 in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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