's robert levine cabletron

There is also an outdoor shooting range and groomed paths for snowmobiling, skiing, horseback riding, hiking and biking, according to the Casteel Creek website. Push.'". Spence said she spent up to 300 days in preparation for testifying at her trial in December 2006, giving prosecutors a detailed map of the three-corner deals. Cabletron has been known for its modular hubs and switches that support Ethernet, Token Ring, FDDI, SNA and ATM. ", She said she doesn't necessarily think her specific action in sending the e-mail about Ariel "was wrong" ("I was pushing it through based on a request from Bob Gagalis," she said.) That was why a shortened quarter (because Enterasys was changing its fiscal year) of one month in September was so crucial. Cabletrons earnings fell below expectations in the first quarter ended May 31 and revenue was up a disappointing 12 percent. "This is a unique opportunity to run a company in these extraordinary Benson attended Chatham High School in Chatham, New Jersey.After receiving a bachelor's degree in finance from Babson College in 1977, Benson attended Syracuse University, graduating with an MBA in 1979.. '', For his part, Mr. Reed said he was attracted to Cabletron in large part because of its culture, and lack of bureaucracy. "I had never had a person work for me," says Levine, "so this was all pretty new.". His track record in entrepreneurial ventures was hardly encouraging. About Levine family. "To counteract any problems associated with growth," suggests Casson, "Bob and Craig will simply shout louder.". Bank of America Merrill Lynch has agreed to a $40 million settlement with Robert Levine, co-founder of Cabletron Systems, according to filings and sources familiar with the case. I was not going to act like I did not do anything wrong.". The owners plan to keep the remaining 180 acres of the parcel for themselves, listing agents told The Post. "Maybe he didn't want to know. Nynex, was appointed to fill the chief executive slot. By signing up, you will receive newsletters and promotional content and agree to our. ''Bob is a flamboyant, energetic motivator, and as such, he has motivated people much like a football coach,'' he said. Levine also owns 15 guns, which he has, on occasion, used to shoot up his own sprinkler system. Contrary to Winston Churchill's belief that Italy was the "soft underbelly" of Axis-dominated Europe, the Allied campaign in Italy was a long and bloody undertaking. Levine said he decided almost two years ago to leave Cabletron, but he did not want to step down until he and Benson hired a new president and chief executive. Mr. Levine, 39, a flamboyant executive known for such antics as driving a surplus Army tank, started Cabletron in his garage in 1983 with Craig Benson. In its first quarter, ended May 31, Cabletron disappointed Wall Street with earnings of $58.8 million, or 38 cents a share, just slightly above the $57.1 million, or 37 cents a share, it had reported a year earlier. He will be succeeded by Donald B. Reed, 53, whose departure as president and group executive for external affairs at the Nynex Corporation was expected. It has even instituted a special program whereby salespeople hand out forms to customers, who are invited to fax in their product suggestions. And she thought her role in them was relatively minor. Spence went on to plead guilty to securities fraud and was sentenced to more than two years in federal prison. And there was Levine, who, as a kid, shot birds because they woke him up with their chirping. In-stock items are shipped within 48 hours. By submitting your email address, you agree to receive marketing emails from Inman. Benson's contact took the first 1,000 feet of cable off Levine's hands, paying him $10,000. In an exclusive statement, Levine said: I can't believe she is gone. The pressure will be on Mr. Reed to put Cabletron back on the growth curve. Sign up for free newsletters and get more CNBC delivered to your inbox. Update: A former version of this article misstated the homes listing price. As she told that business class at UNH: "You need to trust your judgment, to follow your gut. In a company press release, S. Robert Levine, the president and chief executive officer, said these results represented Cabletron's "thirty-second quarter of consecutive record growth, the strongest and steadiest earnings growth rate among all S & P 500 companies." These impressive numbers did not last. From the start, Levine shaped Cabletron in his own swashbuckling image, and he has been ruthless about not letting it stray. It consists, he says, "of a couple of people with no real responsibility for anything. This area is patterned after, and is just a play on the old wild west and is much more fun than a big garage apartment and gas station.. They could tell at a glance, for instance, whether data packets were colliding. The individual defendants, Craig R. Benson, S. Robert Levine, David J. Kirkpatrick, Christopher J. Oliver, Paul R. Duncan, Donald F. Benson, who still had a full-time job, got swamped trying to keep up with the invoicing. Now he's lucky to visit them all in a year. There is a curved seating area and an area for toppings to have an ice cream party, co-listing agent Malia Nobrega of LIV Sothebys International Realty told The Post. Want CNET to notify you of price drops and the latest stories? Three-corner deals became a big deal up to and during the launch of Enterasys. Gayle Spence said she asked David Kirkpatrick, then chief financial officer of Cabletron Systems, at the time in 2001 when the Rochester company was spinning off Enterasys Networks. Kenahan, who started working at Merrill Lynch in Boston in 2007, was dismissed by the firm last week, according to the BrokerCheck report. Free and open company data on Rhode Island (US) company CABLETRON SYSTEMS, INC. (company number 000057845), PO BOX 5005, ROCHESTER, NH, 03867-00505 Branch of CABLETRON SYSTEMS, INC. (Delaware (US)) Controlling Company CABLETRON SYSTEMS, INC. "I won't leave you out in the lurch," Levine assured. The split was designed to increase shareholder value, and many of the shareholders were company executives. Robert C. LeVine, 77 of East Bridgewater died peacefully on June 23. If only, Levine thought, Cabletron could find a way to test live networks. In May 1989, when Cabletron Systems Inc. went public on the New York Stock Exchange, underwriters tried to persuade the company's president and chief executive to swap his swaggering style for something tamer. They were not at liberty to discuss the sellers further. In 1983, Levine founded Cabletron alongside Craig Brenson the company was an early manufacturer of ethernet and other networking equipment necessary to make the internet. The Martha's Vineyard Times. Then the carefully slicked-down hair and the gleaming wire-rimmed glasses give way to something slightly more, well, menacing. Nynex executive will replace Cabletron founder Robert Levine. Bob also hosts Mornings on Family Radio, a network of more than 70 radio stations in the US. He will be. Some companies realized they needed cable only after their minicomputers had arrived, or they suddenly discovered that the new floor plan in sales would require 20 additional feet of cable. Moving fast isn't just an internal magic trick; all the small speedy touches -- and the fat margins -- combine to create an entire company that responds quickly to external shifts. The ice cream parlor has a curved polished marble bar, copper walls and antique ice cream dishes displayed on the walls. We've received your submission. To find takers, he printed up brochures that promised 24- or 48-hour delivery, depending on the customer's needs and the size of the order. It's fair to ask, though, whether Levine might grow increasingly militant as the company becomes harder and harder to push around. January 11, 2022. Levine pumped iron in his office, gutted a rival's networking hub (from SynOptics Communications) and transformed it into a fish tank, and dressed as Rambo to rally Cabletron's direct sales force. "If they're afraid of being fired," charges Bob Monaco, "they probably deserve to be fired.". History. Cabletron's uniqueness goes beyond moving faster than most companies to fill orders. At times Benson giddily compared them to The Blues Brothers of movie fame. "Basically buying people's business," Spence said. ''On the one hand, it's part of the natural maturation; on the other, when the founder leaves a company it's always a big deal. Not part of Spence's "big three" is Craig Benson, the co-founder of Cabletron and former one-term New Hampshire governor. For instance, despite "some very scary days," Levine and Benson steadfastly refused any equity capital early on. would not have accepted an offer from anyone else except Cabletron. Getty Images for IMDb. Some, like a special wall plate that allows customers to plug phone wire in one end and coaxial cable in the other, have gone from consumer suggestion to prototype in just six weeks. The officials she testified against and helped convict got even more time. This area is patterned after western themed town center and is just a play on the old wild west and is much more fun than a big garage apartment and gas station.. Robert Levine was born on 22 September 1954 in Mineola, New York, USA. "Now get out of here.". "very open and very customer-focused. They said the case went to a final hearing in front of an arbitration panel before Merrill decided to settle. The CABLETRON SYSTEMS, INC. principal address is 35 INDUSTRIAL WAY, P.O. "You can always do a little more. Benson did not want to end up jobless, especially with his wife about seven months pregnant. One way Cabletron keeps the staff small is by giving employees enormous autonomy; for example, salespeople have lots of latitude on pricing. Spence said she was referring to so-called "three-corner deals," some of which a federal jury later concluded violated securities law. Don't miss the premier event for real estate pros. Spence helped turn in former Enterasys chief executive Enrique Fiallo, and they both helped convict Gagalis who, like Spence, maintained that he took the fall for people who were higher up. It is a gradual process requiring passage through three gates before crossing over a dramatic, winding over a densely forested ravine, a sculptural feat of engineering that all by itself cost $1 million at that time., is a playful part of the area on the estate referred to as the car barn and apartment areas of the estate, Nobrega and Scrivens said. ''The timing has to do with Don more than anything,'' he said. Thanks for contacting us. And hardly any of them delivered it in less than six months. He is also resigning his board seat at the company. Links: www.cbsnews.com 2,157 views 1.0 ( 1 votes) Categories Buildings > Residential Comments Policies We believe we have found the perfect fit, Levine said. Benson hired a few engineers he knew. People also asked The company was an early manufacturer of ethernet and other networking equipment necessary to make the internet. Aside from that, Levine has mostly stayed out of the public eye since his time as a big-shot tech entrepreneur apparently, hes been well-entertained. In his place was his handpicked successor, Patel, who joined Cabletron when it bought his California networking company. The other though is that Palermo is quite an easy city to navigate and get about. ''I went so far, when I was head of New England Telecom, as to take my team up to Cabletron to get a glimpse of what Bob Levine and Craig Benson were about,'' he said. Levine, co-founder of Cabletron, is a pioneer computer-networking magnate noted by Forbes magazine. Ken was CEO of then start-up NitroSecurity, a SIEM platform, before a successful acquisition by McAfee in 2011. ATTN: Tax Department, 35 Industrial Way PO Box 5005, ROCHESTER, NH 03867; United States; Inactive Directors / Officers. But most CEOs find it harder to remember, and more challenging to follow through on, as revenues soar. We don't want it to, and it won't. They are guaranteed a response within five working days. Robert Levine, who founded Cabletron and was one of the tech giants to emerge in the 1990s, just listed his custom Colorado mansion for $44.2 million. Analysts said Levine's resignation will mean that Cabletron can now concentrate its efforts on regaining the market share it has lost in recent years. The loans started at $50,000. Subscribe to Inman Select for Breaking News and Exclusive Industry Content. Yes, I also want to receive the CNET Insider newsletter, keeping me up to date with all things CNET. In all 126,000 square feet of Cabletron's headquarters, now in Rochester, N.H., there is not even one meeting room. Benson, 42, will continue as chairman, focusing on strategic company issues, while giving day-to-day responsibilities to Reed. Stay in the know. But with an almost knee-jerk machismo -- remember, their leader not only pilots a Harley-Davidson but also indulges in another dangerous pastime, to be detailed later, that recently left him with a dizzying concussion and a lost tooth -- employees disdain any signs that the company is growing soft. More to the point, he wouldn't. In June 2014, 55 years after his father Leon had started Family Dollar . Levine still owns nearly 40%, Benson claims 30%, and key employees own the balance. Actually, not many of the employees stuck around for long. By 1989 Cabletron's factory was fully automated. One had not even started yet. Only 3 days left to register for Inman Connect Las Vegas before prices go up! Levine, more interested in lifting sales than morale, was hard on them. The Cabletron story starts in March of 1983 with then 25-year-old Robert Levine. "There's a feel to this place," he says, furiously buttoning it. To keep its product line expanding in the right direction, Cabletron exploits the advantages of having a direct-sales force. Eager to stay on Benson's good side, Levine went out and bought 10,000 feet of cable -- the smallest amount he could find -- worth $30,000. He runs into his office and, sidestepping some dumbbells, grabs a shirt that is hanging from the ceiling. Such trigger-happy behavior takes a toll on morale. Nobody who Spence knew was there for securities fraud a crime that she said confused some of the inmates. If so please contact customer support at (510) 658-9252, Password Reset Instructions have been sent to. Beyond that, though, they were helpless. Some important details were learned along the way: there were few qualified electricians who knew, for instance, that the cable had to be guided away from fluorescent lights, which caused distorting static, and looped carefully so as not to impair the signal. "That's where the growth is right now.". And the department doesn't close: 3 employees wear beepers. For now. Benson and S. Robert Levine founded Cabletron in 1983 and moved it to New Hampshire in 1985. Cliff Thompson Edwards' Robert Levine, has arranged to give the U.S. Forest Service 301 acres of land exchange for 119 acres along the Baryetta Cabins Trail, adjacent to his 35,000-square-foot home. "Back then I'd sit in my cubicle and I'd fear the sound of those boots coming down the hall, moving fast, getting louder and louder," says Welts, 29. Unconventional style may have got us where we are; conventional thinking would have never started the company. But, he notes, "I know what will happen if I relax at all. It's hard to miss the symbolism taking place at the former Cabletron headquarters off Ten Rod Road in Rochester, even if Bill Gibney works to downplay it. . Limited Time Offer: Get 1 year of Inman Select for $199, If you created your account with Google or Facebook, Leonardo DiCaprio buys $7.1M house for his mom, Channing Tatum, Jenna Dewan list Beverly Hills home for $6M, Robert Redford lists 'Horse Whisperer' ranch for $4.9M, Johnny Depp's rustic-chic home might not be rustic-chic at all, The market where rents rise faster than even New York, Highlights from Sotheby's biggest brand networking event ever, Just in time for 90th birthday, Carol Burnett's LA condo sells for $3.7M, Diversifying luxe marketing can increase income by $10s of $1,000s, The real estate agents guide to marketing with Instagram, New-home sales soar to 1-year high in March as purchases leap 9.6%. Cabletron, headquartered in Rochester, N.H., announced Wednesday that Levine, 39, would step down Dec. 1. Robert Levine (l.) and Craig Benson are co-founders of Cabletron, a company that makes hubs to connect computer networks. Webb, executive vice president and general counsel. The 25,000-square-foot recreation center called the Lodge includes a five-story rock climbing wall, an elevator, an indoor shooting range, a teppanyaki (similar to Hibachi) dining area, a full kitchen, a massage room, a gym, a spa, an Olympic-sized pool and a hot tub, according to the Casteel Creek website. Nynex and was going to bring to Bell Atlantic.". Cabletron's turnover is already worrisome. Is this management by fear? Early spring and late summer are possibly the best for fewer visitors with warm, but . S. ROBERT LEVINE (PRESIDENT) CABLETRON SYSTEMS, INC. NEVADA FOREIGN CORPORATION: WRITE REVIEW: Address: 701 S Carson St Ste 200 Carson City, NV 89701: Registered Agent: C T Corporation System: Filing Date: February 27, 1989: File Number: C1533-1989: View People Named S. Robert Levine in New Hampshire external affairs and corporate communications at Nynex. "It's not easy to find good outside salespeople," he adds. ''We were two guys, with no venture capital, and now we're a $1.5 billion company with 6,600 employees. "Using the company's money to buy product in someone else's name. The lawyers wrote all the agreements. Ultimately, the two founders persuaded Mr. Reed. telecomunications experience as a 30-year veteran of Nynex provides Perhaps the most stunning and understated amenity is a 200-foot steel viewing bridge over the forest. There seems to be a problem with your Inman Select Membership. Two weeks later, she was in a training class as an inside sales rep. Spence worked her way up to become head of worldwide sales, with 635 people under her. "I hated him," says Benson, who was eventually persuaded to give the new hire a chance. "They made a mistake and wanted to go back home and get a second chance.". That left Levine with 9,000 feet, which he needed to sell within 90 days, when his bill came due. Prosecutors said the side letter was created to hide the changes from auditors. "Is this the right thing to do?" Cabletron has been known for its modular . ", But, soon it appeared that "it was like we were force-feeding people. Later that year Cabletron received a $1.5-million line of credit that catapulted to $12 million four years later. The best transceivers at that time had power-indication lamps enabling customers to tell whether their network problem could be blamed on the system's power source. Mr. Levine and Mr. Benson were furious. I'll hear those heels." At the time, Levine worked as a senior fellow in the division of cardiology of Mt. I know that," Levine responds, shifting his boots from the desk to the floor. If someone would say, 'This deal is not going to work out,' they would say, 'Why don't you try harder? Add a few hours, and the same could be said for new markets. Aug. 6, 1997 1:45 p.m. PT 3 min read Cabletron Systems (CS) founder, president, and. After two years at McAfee, Ken became CEO of Digital Guardian. Benson and Levine said Reeds international experience also attracted them, as the computer company tries to expand its overseas operations. ''While my style may be different, I will be just as aggressive.''. Levine helped Cabletron cofounder Craig Benson find Reed about a The . Back in 1984, when local-area networking was still new, customers asked for recommendations about whom they should have install it. "Sicily," the final episode of the hit food travel show, Stanley Tucci: Searching for Italy, will air on CNN at . A large part of this walkability is due to . "Bob doesn't like authority," he notes. Pictures | Getty Images", "Riverstone Information for Creditors and Investors", "Extreme Networks Announces Purchase of Enterasys", https://en.wikipedia.org/w/index.php?title=Cabletron_Systems&oldid=1146091557, Networking devices, ethernet products, switches, routers, software, Global Network Technology Services (also known as GNTS) of, This page was last edited on 22 March 2023, at 18:47. Revenue grew just 12 percent, to $362.7 million, from $323.5 million in the first quarter of the 1997 fiscal year. Levine and Benson also pay well. In 1985, Cabletron was moved from Levine ' s garage to New Hampshire in order to take advantage of a lower tax rate and less expensive labor force. "People kept talking about how much money people were going to make when this all happened. The sheriffs office is a playful part of the area on the estate referred to as the car barn and apartment areas of the estate, Nobrega and Scrivens said. Right before his retirement in 1997, Levine bought the land the current estate sits on for $3.32 million and spent the next four years building it out to be so amenity-rich as to almost resemble an amusement park. When he came back to them with a prototype, Levine and Benson responded appropriately. ", A refreshed look at leadership from the desk of CEO and chief content officer Stephanie Mehta, This site is protected by reCAPTCHA and the Google. What began as a part-time venture in a garage evolved into a billion dollar company by 1996. Benson would later have to tell him he couldn't afford it. in his garage in 1983, said he decided The estate borders two million acres of national forest, creating vast views. Cabletron doesn't waste any time deciding whether to make the products its customers suggest. The 50,000-square-foot mega mansion, which Levine built after retiring from tech in 1997, was designed with the tech moguls unique style in mind, according to the New York Post. Levines retirement comes as the cable equipment company is dealing with a slowdown in demand for its networking hubs, which are being replaced with competitors faster switches. Free to concentrate on sales calls, his salespeople rack up sales three times higher than the industry average, Levine claims. Reed said he made the choice to join Cabletron within the last two (Photo by Peter Turnley/Corbis/VCG via Getty Images) The company could have grown at 10% a year simply by becoming unbeatable in cable delivery, its original niche. The Nynex executive has been negotiating his company's merger with Bell Benson declined to comment to CNBC. What began as a part-time venture in a garage evolved into a billion dollar company by 1996. They also had manufacturing facilities in Ironton, Ohio, and in Ireland. "But we have to preserve the spirit.". "People said, 'This is exactly what we need," recalls Oliver. Bob Lepine is the Lead Pastor at Redeemer Community Church in Little Rock, Arkansas which he helped plant in 2008. But there are signs that Levine and Benson's sometimes harsh style of management and Cabletron's self-image as a bit of a ruffian may not serve the company well as it struggles to stay ahead of the pack. While Vail has some of the highest land prices in the country, Levine's property is as spacious as they came 250 acres of land border a national forest and come with a trout pond, a playground as well as ample trails for hiking in the summer and snowmobiling in the winter. He was a graduate of Boston High School, Class of 1955 and later graduated Cum Laude with a degree in accounting from Massasoit Community College. He'd say, 'Welts, we have to talk.' "We've written our own rules from day one," he adds. 250 likes. Some 4,000 people applied for the first 50 jobs. times After the stock slide, the two - who collect salaries of $52,000 a year and reportedly don't receive stock options - held a joint stake in the company that was valued at $1 . They also had manufacturing facilities in Ironton, Ohio, and in Ireland. Levine, 32, likes to confound expectations. At sales meetings, reports Kenneth Levine, it's standard to conduct private polls on who will go next. The final chapter in Cabletron Systems Inc. 's (NYSE: CS) rocky history was closed today as the company completed its name change and the . Robert Levine. Two hours later Benson joined up. However, the Nynex-Bell Atlantic deal is expected to be completed this week, and he decided two weeks ago it was a good time for him to move on, he said. For more details on our payment terms and how to cancel, click here. "Let's go over there and do it until it gets done," Benson suggested. Building a sales team, of course, gets expensive. ", Despite Spence's misgivings about the morality of the three-corners deals, she said didn't think they were illegal because "the finance people were all over it. "Their enthusiasm was a breath of fresh air," says John Casson, head of international operations. It's fake. If it doesn't feel right, don't do it. Commissioner systems management software. . A Division of NBCUniversal. Recently, he received $40 million in compensation from Merrill Lynch after accusing them of churning,or excessive trading to generate commissions against the best interest of their clients. "We needed more people," says Ayers, 36, "and we weren't getting them." [April 2007] Met his wife, Mary Tyler Moore, when she took her mother to the hospital and he was the doctor. That's something I tried to do at Cabletron found its first success in the 10BASE5 Ethernet market, providing the ST-500, the first Ethernet transceiver that featured diagnostic LEDs, and the LAN-MD, the first commercially viable field-deployable 10BASE5 test set. Cabletron Systems was a manufacturer of networking computer equipment throughout the 1980s and 1990s primarily based in Rochester, New Hampshire, in the United States. As a result, Cabletron has grown much faster, and more daringly, than anyone might have expected. Edwards, Colorado. Here was Benson, three years older, always urging that they think things through. That is, until the activist investors started swarming. Similarly, Cabletron controls the sales process by fielding a direct-sales force, instead of working through value-added resellers, the industry norm. And "if you use a flip chart, you don't belong here," he says. Jaeger's attorney did not return phone calls, Patel's attorney declined comment, and Kirkpatrick's attorney, Lucy Karl, called Spence's statements "recycled poppycock" made in order to help her motion for an early termination of her supervised release, which Spence was granted two days before Christmas.
Beacon Brevard Login, The Hartford Claims, Montgomery County Car Accident Today, Articles OTHER