Harold "Hal" Sydney Geneen (January 22, 1910 — November 21, 1997), was an American businessman most famous for serving as president of the ITT Corporation.
Geneen was born on January 22, 1910 in Bournemouth, Hampshire, England and migrated to the United States as an infant with his parents. He studied accounting at New York University.
Between 1956–1959 he was Senior Vice President of Raytheon, developing his management structure, allowing large ...
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Harold "Hal" Sydney Geneen (January 22, 1910 — November 21, 1997), was an American businessman most famous for serving as president of the ITT Corporation.
Geneen was born on January 22, 1910 in Bournemouth, Hampshire, England and migrated to the United States as an infant with his parents. He studied accounting at New York University.
Between 1956–1959 he was Senior Vice President of Raytheon, developing his management structure, allowing large degree of freedom for divisions while maintaining a high degree of financial and other accountability.
From 1959–1977 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 into multinational conglomerate with $17 billion sales in 1970. He extended its interests from manufacturing of telegraph equipment into insurance, hotels, real estate management and other areas. Under Geneen's management, ITT became the archetypal modern...
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