The ITT Wars: An Insider's View of Hostile Takeovers (Paperback)

by Rand V. Araskog (Author)

Editorial Reviews

About the Author
Director, Dow Jones & Company, Inc.

Director, ITT Educational Services Inc.

Director, ITT Industries, Inc.

Director, Rayonier Inc.

Director, The Hartford Financial Services Group, Inc.

Mr. Araskog, 66, was chairman and chief executive of ITT Corporation from December 1995 until March 1998. Previously he had served as the chief executive of the corporate predecessor of ITT Industries from 1979 and as its chairman from 1980. 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. Mr. Araskog is a member of The Business Council and The Business Roundtable. He is a graduate of the U.S. Military Academy at West Point and attended the Harvard Graduate School of Arts and Sciences.

Mr. Araskog has been a Director of ITT Industries or its predecessor since 1977. He is a member of the Capital Committee.

Rand V. Araskog

Chairman & C.E.O. ITT Corporation (1966 - 1998)

Chairman, 1980 C.E.O., 1979 Director, 1977 Executive Vice President, 1976 Defense Space Group, Vice President, 1971 ITT Defense Communications, President,1967 U.S. Defense-Space Group, Director of Marketing, 1966 Honeywell, Inc., Director of Marketing and Planning Aeronautical Division

ITT Hartford Insurance Group, Director ITT Industries, Inc., Director ITT Sheraton Corporation, Director Caesars World, Inc., Director Madison Square Garden, Director National Basketball Assoc., Director Dow Jones & Company, Director Dayton Hudson Corporation, Director Shell Oil Company, Director ITT Educational Services, Inc., Director Rayonier, Inc., Director Alcatel Alstom of France, Director Council for United States and Italy, Co-Chairman The Business Council The Business Roundtable Trilateral Commission New York Zoological Society, Trustee Salk Institute, Trustee

Rand V. Araskog - A Shell director since 1987, Mr. Araskog is the retired Chairman and CEO of ITT Corp. A 32-year veteran of ITT, Mr. Araskog was the catalyst in the 1995 separation of ITT into three individual publicly traded companies.

Product Details

• Paperback: 236 pages
• Publisher: Beard Books (October 1, 2000)
• Language: English
• ISBN-10: 1893122387
• ISBN-13: 978-1893122383
• Product Dimensions: 8.6 x 5.7 x 0.7 inches
• Shipping Weight: 13.3 ounces (View shipping rates and policies)
• Average Customer Review: 3.0 out of 5 stars See all reviews (3 customer reviews)
• Amazon.com Sales Rank: #1,542,511 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

1 of 1 people found the following review helpful:

5.0 out of 5 stars Sincere, honest, and educational, October 25, 2001

By	Enji (Maryland, USA) - See all my reviews

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.

1 of 1 people found the following review helpful:

1.0 out of 5 stars Don't waste your money, December 2, 2000

By	James I. Bullen (Miami, FL USA) - See all my reviews

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 perfect example of managerial incompetence and of all that is wrong with corporate america.

3.0 out of 5 stars Hostile takeover soap opera, July 12, 2009

By	Dextra L. Suggs (LaVernia, Texas) - See all my reviews (REAL NAME)

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, essentially intact. For that I say well done Mr. Araskog! Well done. However, I wouldn't add this one to my personal library.