The ITT Wars

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

Softcover edition
Author Rand Araskog
Country United States
Language English
Subject Business history, ITT Corporation
Genre Non-fiction
Publisher Henry Holt & Co.
Publication date
 1989
Media type Print
Pages 241 pp.
ISBN 978-1893122383

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.[1][2][3]

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[4]

See also

References

  1. ↑ "The ITT Wars: An Insider's View of Hostile Takeovers". amazon.com. Retrieved 2015-07-03.
  2. ↑ "The ITT Wars: An Insider's View of Hostile Takeovers". goodreads.com. Retrieved 2015-07-03.
  3. ↑ "The ITT Wars: An Insider's View of Hostile Takeovers by Rand V. Araskog". beardbooks.com. Retrieved 2015-07-03.
  4. ↑ Neikirk, William (1989-04-02). "Itt`s Araskog Takes Aim At Takeover Artists". chicagotribune.com. Retrieved 2015-07-03.
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