2 /10 1 Votes2
Language English Media type Print ISBN 978-1893122383 Publisher Henry Holt and Company | 1/5 Android Publication date 1989 Pages 241 pp. Originally published 1989 Genre Non-fiction Country United States of America | |||||||||||||||||||||||||||||||||
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Subject Business history, ITT Corporation Similar Non-fiction books, Telecommunications books | ||||||||||||||||||||||||||||||||||
The ITT Wars: An Insider's View of Hostile Takeovers is a non-fiction book about ITT Corporation written by its CEO Rand Araskog. The book was published by Henry Holt & Co. in 1989.
Contents
Contents
The book chronicles a hostile takeover attempt by Jay Pritzker to get control over the corporation.
Review
The book as a whole is a self-serving account of fighting takeover and board-room battles and taking on the French bureaucracy in a joint venture involving ITT`s telecommunications operations in Europe. It is written in a breezy, first-person style, a la Iacocca, that attempts to bring the reader close to the world of business negotiation and intrigue.
There also is an interesting account, skimpy in detail, of how Araskog succeeded in persuading former Defense Secretary Caspar Weinberger not to deny classified information to an ITT German subsidiary, Standard Eletrik Lorenz. A Soviet defector had identified the firm as a source of leaks, but Araskog said the information was false. Weinberger was ready to make the ITT firm an example, but backed off when his aide, Richard Perle, launched a probe that supported ITT.
—Review by Chicago Tribune