's robert levine cabletron 's robert levine cabletron

CONCORD, N.H. (AP) _ Fourteen years after co-founding a small computer cable company in his garage, S. Robert Levine is retiring as president and chief executive of Cabletron Systems. Commissioner . 250 likes. It doesn't feel like there are 1,300 people here. If someone would say, 'This deal is not going to work out,' they would say, 'Why don't you try harder? If they weren't physically there, they were on the conference calls. Levine helped Cabletron cofounder Craig Benson find Reed about a In the morning he made his case that the market was growing fast enough to support it; that afternoon he got a $1-million commitment. It looks like youre already a Select Member! Theyre [the owners] all about creating experiences, and because were in Colorado, that Western theme came through, Scrivens told The Post. Colorado mega-mansion built by tech entrepreneur has its own Old West-style town with a saloon and sheriff's jail . The Vail Valley home was listed for $78 million with 430 acres in 2019 and is now being re-listed at a lower price with only 250 acres attached. "I hated him," says Benson, who was eventually persuaded to give the new hire a chance. participated in the Business Roundtable efforts of the G7 Information A 200-foot steel bridge overlooking the Rocky Mountains Sawatch mountain range leads out of the property and into the forest. How long can they keep up the pace? "very open and very customer-focused. As a test, Levine told telemarketers to ask customers ordering cable if they were interested in having Cabletron do the job. Wiki Bio of Robert Levine net worth is updated in 2023. Benson explored the opportunity incognito, even printing up separate business cards. Reed said he made the choice to join Cabletron within the last two time involved to get the company to the multibillion-dollar level. All rights reserved. There seems to be a problem with your Inman Select Membership. 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.. Meanwhile you can send your letters to ATTN: TAX DEPT., P.O. 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. "It grew fast. As the company has grown, the two have become more fierce about stamping out anything that even remotely resembles bloat. would not have accepted an offer from anyone else except Cabletron. Levine, co-founder of Cabletron, is a pioneer computer-networking magnate noted by Forbes magazine. On Wednesday, Cabletrons stock slipped 62 1/2 cents to close at $36 on the New York Stock Exchange. Update: A former version of this article misstated the homes listing price. But while she was at college, her dad died unexpectedly, and she got in a serious car accident. TimesMachine is an exclusive benefit for home delivery and digital subscribers. Even in the fiscal year that ended February 28, 1984, when Cabletron amassed more than $120,000 in sales, Levine had begun seeking his fortune in real estate, inspired by a careful reading of the Forbes 400. When the company wanted to open a factory outside New England, representatives talked to a dozen economic-development boards before settling on Ironton, Ohio, on the border of West Virginia. More important, perhaps, is how Cabletron followed that initial opportunity to its next leap: network-testing devices. ''His primary role has been to go all over the world talking to customers, and keeping the sales force accountable. In-stock items are shipped within 48 hours. Cabletron Network Systems LTD, Savannah La Mar, Westmoreland, Jamaica. She found out how wrong she was when the Federal Bureau of Investigation showed up at her door in 2003. Benson, 42, will continue as chairman, focusing on strategic company issues, while giving day-to-day responsibilities to Reed. Mr. Benson said in a telephone interview that he and Mr. Levine had begun an executive search a year ago, and had asked Mr. Reed to join the company at that time, only to be turned down. Now he's lucky to visit them all in a year. Building a sales team, of course, gets expensive. That's not so easy, given that Cabletron -- like Levine -- can't sit still. Levine amassed a fortune Forbes estimates at $625 million at. He is also resigning his board seat at the company. The Registered Agent on file for this company is C T Corporation System and is located at 118 North Congress Street, Jackson, MS 39205. Could I get some time? It feels like you are all on your own in the middle of the forest. "At some point, we'll need more layers," says Benson. Founder of Cabletron Systems, an internet networking company in New Hampshire that once rivaled Cisco, but went belly-up, owns this house. Aug. 6, 1997 1:45 p.m. PT 3 min read Cabletron Systems (CS) founder, president, and. They also had manufacturing facilities in Ironton, Ohio, and in Ireland. Spence said she remembers it even more today, because on Sept. 13, 2001, two days after the attack, she sent an e-mail to Gary Workman, former president of Enterasys' Asia Pacific Division, saying, "I didn't care if he was on the moon, he needed to get this paper signed. [citation needed], Cabletron was founded in 1983 in a Massachusetts garage by Craig Benson (who later became New Hampshire's governor) and Robert Levine. Cabletron, R.I.P. At its height in the early 1990s, it employed nearly 4,000 workers in the state, with another 3,000 on . (Photo by Peter Turnley/Corbis/VCG via Getty Images) Cabletron has needed money steadily because both Levine and. They also had manufacturing facilities in Ironton, Ohio, and in Ireland. "I don't know who that guy is," he admits. The Zestimate for this Single Family is $40,727,500, which has decreased by $76,600 in the last 30 days.The Rent Zestimate for this Single Family is $141,456/mo, which has increased by $82,988/mo . I can always stay a few minutes later. He now heads up the office in Washington, D.C. To avoid draining resources, Levine and Benson moved into the manufacturing of electronics gingerly, investing just $50,000 at first in a special mold and farming out the assembly and testing. That's something I tried to do at Getty Images for IMDb. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and . It consists, he says, "of a couple of people with no real responsibility for anything. Cabletron's turnover is already worrisome. The daughter of a lobsterman who later went on to work at the Rochester General Electric plant, Spence was a high school cheerleader pursuing a degree at UNH. Cabletron Systems Inc., a computer networking company, said yesterday that S. Robert Levine, its president, chief executive and co-founder, would resign effective Sept. 1. At sales meetings, reports Kenneth Levine, it's standard to conduct private polls on who will go next. Indeed, the company's most dramatic -- and costly -- diversification began with what by now has become a standard pattern: spot a consumer need, get ideas on how to improve on what exists, and then put together enough money and people to do it quickly. ''What started this was Bob and I realized that we needed to do some things differently, and he realized he wanted to do some things outside of work,'' Mr. Benson said. ''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. The loans started at $50,000. If I even have a sniff that something is wrong, my hand is going up. For four years Levine had worked as an independent sales representative for such firms as Hercules Corporation and Insilco Corporation, selling cable, power supplies, and electronic equipment to various companies throughout the northeastern United States and Canada . They received the spreadsheets that were maintained. January 11, 2022. With summers that last from April to October and mild winters, Palermo is a year-round destination. For now. Within five years he had lost a whopping $3 million -- getting out of personal bankruptcy only by selling some of his Cabletron stock as part of the IPO in 1989. From the start, Levine shaped Cabletron in his own swashbuckling image, and he has been ruthless about not letting it stray. In all 126,000 square feet of Cabletron's headquarters, now in Rochester, N.H., there is not even one meeting room. In fact, you can pretty comfortably walk around its historic centre. A 200-foot steel bridge leads out of the property and into the forest overlooking the forest and Rocky Mountains Sawatch mountain range. Orders grew larger and larger: one company signed up for $225,000 worth of cable. Then, in 2004, shortly after her husband died, an agent called her on her cell phone to tell her she was the subject of a grand jury investigation. Another benefit included renting manufacturing space at half the amount for the same square footage near Boston. Cabletron has been known for its modular hubs and switches that support Ethernet, Token Ring, FDDI, SNA and ATM. 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. Top headlines from around the real estate industry. We believe we have found the perfect fit, Levine said. As for the terms, they were taken out, but then included in a side letter. Such "box movers," as he calls resellers, have no incentive to excel at customer service. I was a prisoner in a federal women's camp. 360 Productions and Scott Cramer Photography, 2023 NYP Holdings, Inc. All Rights Reserved, Car dealer sets record in Palm Beach with $170M mansion purchase, Ex-NBA star sold Fla. house because state wont accept his transgender child, Rare Hamptons home lists for the first time in 25 years, Don Lemon doesnt have to worry about leaving luxury with these homes, based on the historic Silver Dollar Bar in Jackson Hole, Inc. Magazines Entrepreneur of the Year with his co-founder, Craig Benson, in 1991, received $40 million in compensation from Merrill Lynch, the Wall Street Journal said upon the announcement he would retire. To a large extent their shared contempt for this insidious enemy -- Levine calls it deadwood, while Benson refers to it as bureaucracy -- dominates Cabletron's culture. As a result, Cabletron has grown much faster, and more daringly, than anyone might have expected. Cabletron's Chief Executive Plans to Step Down Sept. 1, https://www.nytimes.com/1997/08/07/business/cabletron-s-chief-executive-plans-to-step-down-sept-1.html. There are two Wild West guest suites, one with a pretend prison. Guest accommodations also include a caretakers home, a non-West-themed guest suite and three guest houses, according to the Castle Creek Retreat website. Levine and Benson also pay well. Back in 1985 the company moved from Massachusetts to New Hampshire, where space was at least $5 a square foot less, and some employees were much cheaper. . And there was Levine, who, as a kid, shot birds because they woke him up with their chirping. Benson, who still had a full-time job, got swamped trying to keep up with the invoicing. Outdoor amenities include a stocked trout pond, a playground, 12 snowmobiles, three all-terrain vehicles, snowplows and a 10-seater Snowcat. 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. It was wild and wooly. "To tell you the truth, I can't stand not doing this.". But most CEOs find it harder to remember, and more challenging to follow through on, as revenues soar. "But we have to preserve the spirit.". More than a decade ago, Bob Levine's high school classmates voted him "Least Likely to Succeed." In 1992, a different group of peers voted S. Robert Levine, president and CEO of Cabletron Systems, Inc. magazine's "Entrepreneur of the Year," an honor he shared with Craig Benson, the company's chairman. On that score, his latest brainstorm involved having decks of cards made up with a snapshot of his head, along with that of Craig R. Benson, chairman, treasurer, and chief operating officer, on the jokers. Cabletron with expert knowledge in key markets," said Benson. Robert John Levine, M.D., passed away peacefully at the age of 86 on February 25, 2021 at Whitney Center in Hamden, CT where he lived with his wife of 33 years, Jeralea Hesse. Simply enter the email address you used to create your account and click "Reset Password". year-and-a-half ago and coaxed him into bringing aboard his experience in national and global telecommunications. "All I could think of was the thousands of people that lost their lives, our customer base that was so incredibly impacted, the state of the country and all they were worried about how we were going to look to Wall Street," said Spence. "He should have run, but he also didn't speak up.". Cabletron's profits may be fat, but salespeople live under scrawny conditions. Similarly, Cabletron controls the sales process by fielding a direct-sales force, instead of working through value-added resellers, the industry norm. Now step over the piles of trade magazines and the barbells -- oh, and push aside the dry cleaning -- and you can get a splendid view of the plaque Levine received, citing his skill in designing silicon wafers. Transceivers, as Benson likes to explain, are the traffic cops of networks, transmitting and receiving signals. Robert Levine Net Worth is $600,000. Electronics 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. The digs are hardly ritzy: partitions, steel desks, small cubicles. Lives in Greenwich, Connecticut with his wife, Mary Tyler Moore. The emptiness I feel without her with me is without bottom. Spence herself was sentenced to 27 months in Danbury, though she also served four months in Strafford County Jail in case her testimony was needed again. . Breaking news as it happens. The early products were critical in the history of Ethernet as 10BASE5 Ethernet was generally difficult to operate and maintain and cabling problems were especially difficult to diagnose. The case. "Using the company's money to buy product in someone else's name. The pair first approached Reed a year-and-a-half ago, but Reed said he didnt want to leave Nynex in the middle of its merger with Bell Atlantic. People also asked 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. "It feels like it did just a couple of years ago. His office looks like a fun-house version of a standard CEO's work space. A second complaint also seeking about $40 million in damages and involving the same broker is pending. The holding company was set up to control four networking firms: Enterasys Networks, now officially a Siemens Enterprise Communications company, continues to manufacture all manner of networking equipment and to make available most of the documentation of the original Cabletron Systems products within their knowledge base. ``Ill have time to meet with more employees and customers than in the past, Benson said in a phone interview. Levine has also been expanding what he refers to as a management SWAT team. "People said, 'This is exactly what we need," recalls Oliver. Get the week's leading headlines delivered straight to your inbox. of the Global Information Infrastructure Commission and is its policy task force cochair. View Levine S Robert's profile for company associations, background information, and partnerships. She never finished school and went to work, ending up working for a Rochester travel agency that managed the Cabletron account. The estate also has a full-on Western town setup, including a sheriffs office, a working old-timey gas station (pumps gasoline and diesel) and a Silver Dollar saloon based on the historic Silver Dollar Bar in Jackson Hole, agents said. In February 1983 Levine was a sales rep for a couple of cable companies -- including Montrose Products Co., founded by his grandfather and run by his father -- when one of his accounts, in the person of Craig Benson, told him about a company that needed 1,000 feet of Teflon cable immediately. He has made several guest appearances on sitcoms, produced films and television, and does voice work. Dave Ayers, a regional sales manager in New York City, got so shaky and irrational at one point last year that Levine and Benson thought he had developed a drug problem. 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. The pressure will be on Mr. Reed to put Cabletron back on the growth curve. This is the one time I'm asked to bird-dog something. BOX 5005, ROCHESTER, NH, 03867. Later that year Cabletron received a $1.5-million line of credit that catapulted to $12 million four years later. Want to know how Levine has spent his newfound wealth? The deal with the China-based company closed on Aug. 31 to make the quarter, but two weeks later the Rochester office contained problematic terms that prevented it from going through. 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 User promo code onward25 during checkout to save 25% on your Inman Select Membership. Toppings are stored right in the counter of this room, made specifically for cold, sweet treats, photos show. That particular project engineer also happened to be the chairman of the company, though he didn't advertise it.