Which is, to be sure, a remarkable achievement. Toppings are stored right in the counter of this room, made specifically for cold, sweet treats, photos show. Share. ", Johnson said the decision to bring Reed on board will help the company Thanks for contacting us. 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. At the time of their nuptials Moore was 45 and Levine 29-years-old. ", However, in a larger sense, she said, "I knew what I did, and it was wrong. 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. The 30,000-square-foot glass and stone home has eight bedrooms, 10 full bathrooms and six powder rooms and that doesnt include the 28,000-square-foot amenities lodge and the almost 10,000-square-feet of guest lodging. The house itself is a stylish mansion full of glass and stone. The complaint was filed in March 2018 for allegations of "unsuitable investment recommendations, excessive trading and misrepresentation from February 2012 until December 2017." 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. Forbes 400 member S. Robert Levine has stayed decidedly unbusy since retiring in 1997, at the ripe old age of 39. Former Enterasys CFO Bob Gagalis is still serving an 11-1/2 year term. . The officials she testified against and helped convict got even more time. Levine also owns 15 guns, which he has, on occasion, used to shoot up his own sprinkler system. What began as a part-time venture in a garage evolved into a billion dollar company by 1996. People also asked When to go. I dont know of another place like it, co-listing agent Barbara Scrivens of LIV Sothebys International Realty told The Post. "Sicily," the final episode of the hit food travel show, Stanley Tucci: Searching for Italy, will air on CNN at . That's no surprise since Palermo is the largest city in Sicily and one of the largest in Italy. That was why a shortened quarter (because Enterasys was changing its fiscal year) of one month in September was so crucial. The company could have grown at 10% a year simply by becoming unbeatable in cable delivery, its original niche. "I never had anything to do with Asia. Want to know how Levine has spent his newfound wealth? It was just like the movie 'Wall Street.' It was like nothing could go wrong for so long, and then all of a sudden we hit that bump.". For now. Benson explored the opportunity incognito, even printing up separate business cards. "I've never run a multibillion-dollar company beforeI grew up in Cabletron. Electronics Such big-company prerogatives as vice-presidents and massive meetings have no place at Cabletron. Cabletron has needed money steadily because both Levine and. Early spring and late summer are possibly the best for fewer visitors with warm, but . "Their enthusiasm was a breath of fresh air," says John Casson, head of international operations. Bob Levine and Craig Benson built Cabletron Systems Inc. into a $100-million upstart by staying light on their feet. Cabletron and Enterasys would then report those as sales, increasing company revenue. Cabletron has needed money steadily because both Levine and Benson believed they could stay their lean-and-mean course only by controlling as many facets of the business as possible. She still remembers a woman named "New York," initially hostile, but ended up crying to her when it was time for Spence to leave prison, sobbing, "No one ever told me I was smart before.". It was the $3.5 million Ariel deal that sent Spence to federal prison. Unique features from hacker profiles to portal watch and video interviews. If someone would say, 'This deal is not going to work out,' they would say, 'Why don't you try harder? Robert Levine Net Worth is $600,000. "I'm going to bury him on Saturday. John Ford. Just as Mr. Levine has been an unusual chief executive, his contribution might be missed in unusual ways, said Noel Lindsey, an analyst with Deutsche Morgan Grenfell. The 50,000-square-foot mega mansion, which . time involved to get the company to the multibillion-dollar level. "When we do, we optimize them by making them three times more effective.". It's fake. 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. "Maybe he was doing the 'don't ask, don't tell,'" she said, laughing. All Rights Reserved. For many of us, Sunday nights won't be quite the same. to leave the company about two years ago. She moved back home in July 2009. " Welts doesn't worry as much anymore. 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. A 200-foot steel bridge overlooking the Rocky Mountains Sawatch mountain range leads out of the property and into the forest. Such trigger-happy behavior takes a toll on morale. would not have accepted an offer from anyone else except Cabletron. At the same time, competitors like Cisco Systems Inc., the 3Com Corporation and Ascend Communications Inc. have pursued multibillion-dollar acquisitions that have given them much broader product lines and higher revenues. "I couldn't," he says with a shrug. Webb, executive vice president and general counsel. Don Reed, president and group executive at LEVINE--Robert, M.D. They said the case went to a final hearing in front of an arbitration panel before Merrill decided to settle. I don't know why, but he probably thought my father would make good." "That way, we didn't have to worry about hearing excuses from other people," says Chris Oliver, director of manufacturing and engineering. Started in a Massachusetts garage by Craig Benson and Bob Levine in 1983, the company moved to Rochester, and became one of the biggest players in the emerging networking industry. "I don't think so. The company also developed a reputation for its advanced SPECTRUM network . They could tell at a glance, for instance, whether data packets were colliding. That left Levine with 9,000 feet, which he needed to sell within 90 days, when his bill came due. ``Ill have time to meet with more employees and customers than in the past, Benson said in a phone interview. Got a confidential news tip? Getty Images for IMDb. "At some point you get big, and that's the way it is. He is also well known to radio and . In addition to his work with Nynex, Reed is also involved in the global Inside salespeople develop and qualify leads, then make appointments for the outside salespeople, who are, notes Levine, "the most expensive people I've got." ET. native said he didn't believe he could give the amount of effort and Cabletron doesn't waste any time deciding whether to make the products its customers suggest. Cabletron with expert knowledge in key markets," said Benson. "But we have to preserve the spirit.". 'Oh yeah, take all the time you need.' God, how stupid could I have been? Please contact the parent account holder or Inman customer service @ 1-800-775-4662 customerservice@inman.com. He has been married to Mary Tyler Moore since November 23, 1983. I was a prisoner in a federal women's camp. "They made a mistake and wanted to go back home and get a second chance.". "I'm not a mercenary or anything," he says with a smile. Last summer Benson joined 40 employees for a Sunday boat trip. "The class that I am taking now is about business ethics," she said. Actually, not many of the employees stuck around for long. "To counteract any problems associated with growth," suggests Casson, "Bob and Craig will simply shout louder.". Murdoch's News Corp (at number four) is the only gentile holdout however Rupert is as pro-Israel as any Jew, probably more so." Los Angeles Jewish Times, 'Yes, Virginia, Jews Do Control the Media', Oct. 29-Nov. 11, 1999, p. 14. Breaking news as it happens. Simply enter the email address you used to create your account and click "Reset Password". "I hated him," says Benson, who was eventually persuaded to give the new hire a chance. "There are very few people who can take a company from zero to a Robert Levine (l.) and Craig Benson are co-founders of Cabletron, a company that makes hubs to connect computer networks. Not wanting to sully their high-tech image -- or tie up inventory dollars in low-margin fare -- few computer companies supplied the cable. The Ariel deal.". What began as a part-time venture in a garage evolved into a billion dollar company by 1996. Branch of CABLETRON SYSTEMS, INC. (Delaware (US)) Controlling Company CABLETRON SYSTEMS, INC. Robert Levine was born in 1954. On Dec. 4, 2021, Dr. Robert Levine passed peacefully at the age of 84 with his family at his bedside in Stuart, Fla. Dr. Levine grew up on . Levine, more interested in lifting sales than morale, was hard on them. Between 1987 and 1988, sales shot up more than 160%, from about $9.5 million to almost $25 million. "We were getting a lot of friction from our customer base," says Oliver, who designed the company's own transceiver in the spring of 1986. Levine, 32, likes to confound expectations. Mr. Levine and Mr. Benson were furious. Known Addresses for Cabletron Systems, Inc. Attn: Tax Dept. At Danbury, most of the women were drug offenders, but Spence taught English and got to know the inmates. The limit, as he well knew, was $70. But "my actions, by pushing this paperwork through, allowed the company to make the quarter. It's the largest such settlement in at least a decade. His 67-foot Hatteras is named Soldier of Fortune. Started in a Massachusetts garage by Craig Benson and Bob Levine in 1983, the company moved to Rochester, and became one of the biggest players in the emerging networking industry. Cabletron's uniqueness goes beyond moving faster than most companies to fill orders. But by the summer of 1984, Cabletron had moved into a 4,000-square-foot office in Ashland, Mass. It was what she calls the "big three": Kirkpatrick, Cabletron chief executive Piyush Patel and vice president Eric Jaeger. We believe we have found the perfect fit, Levine said. "Bob doesn't like authority," he notes. Cabletron Systems, Inc. Inactive 1988 20 President Excel Connections for Levine Robert. 2023 CNBC LLC. Founder of Cabletron Systems, an internet networking company in New Hampshire that once rivaled Cisco, but went belly-up, owns this house. . Cabletron sells intranet and Internet networking hardware, including LAN Reed's first day as head of the "Their eyes lit up," Oliver recalls. The lean company could, quite literally, work itself to death. 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 . It would be easy to pass off Levine and Benson's rejection of such big-company practices as superficial -- and, at times, absurd. external affairs and corporate communications at Nynex. Sweet and salty: Estate with posh ice cream parlor and a jail hits market, Robert Levine, who founded Cabletron in the 1990s, listed his Colorado mansion this week. They also had manufacturing facilities in Ironton, Ohio, and in Ireland. FINRA arbitration is not a public forum and is used as an alternative to litigation or mediation in order to resolve a dispute. If they said yes, Cabletron sent a project engineer out to meet with them. A 200-foot steel bridge leads out of the property and into the forest overlooking the forest and Rocky Mountains Sawatch mountain range. In 1983, Benson and partner Robert Levine started Cabletron Systems in Levine's garage. In fiscal 1986 installations made up roughly 10% of sales, which totaled about $4 million. Levine was a Forbes 400 member with a net worth estimated at $625 million by Forbes in 2001. Founder and CEO of networking hardware maker Cabletron, S. Robert Levine, will voluntarily step down. 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. 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. The two devices, which cost roughly $200,000 to produce, represented Cabletron's first foray into manufacturing. 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. ", At the news conference, Levine said he will stay with the company until November to assure a smooth transition. Get out of here. "Now get out of here.". Robert C. LeVine, 77 of East Bridgewater died peacefully on June 23. 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. 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. With summers that last from April to October and mild winters, Palermo is a year-round destination. ''His primary role has been to go all over the world talking to customers, and keeping the sales force accountable. times In 1987 Levine was dissatisfied with a consultant Cabletron had hired to beef up business abroad. "You gotta help me," he pleaded to Benson. S. Robert Levine, the eccentric founder of New Hampshire-based Cabletron Systems, a 1980s and 1990s computer networking company, recently sold for $40 million a massive Colorado estate with its . 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. 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. So in November 1984 he decided to bring aboard someone who could untangle the rest. 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. In a memorandum to the company's work force on Jan. 10, Mr. Levine said the bank's automatic teller machine at the Cabletron headquarters had been disconnected. Top headlines from around the real estate industry. Data is a real-time snapshot *Data is delayed at least 15 minutes. The longest any of them had lasted was six weeks. In fact, you can pretty comfortably walk around its historic centre. Along with eight bedrooms and 10 bathrooms, the estate boasts an ice cream parlor, guest suites modeled after the Wild West and a suite that looks like a jail. "It grew fast. Cabletron's success, thus far, has been built on knowing what it isn't; now it must define what it is. Cabletron started by making 5 a month; by 1986 it was up to as many as 50, and testing constituted 15% of revenues. In his place was his handpicked successor, Patel, who joined Cabletron when it bought his California networking company. Mr. Levine said he had not determined what he would do beyond smoothing the executive transition at Cabletron. Meanwhile you can send your letters to ATTN: TAX DEPT., P.O. "With those three people, the culture changed," said Spence. He also serves on the Board of Directors for the Great Commission Collective, a church planting ministry connecting more than 150 churches world wide. Walk away. The few white-collar criminals were primarily there for embezzlement. It has even instituted a special program whereby salespeople hand out forms to customers, who are invited to fax in their product suggestions. 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.. He will be. She met her husband Luke Luacaw, the head of security for Levine. Building a sales team, of course, gets expensive. He got to spend a week on Levine's boat, resting. His track record in entrepreneurial ventures was hardly encouraging. No revelation there. "Cabletronians," as employees call themselves, value speed, decisiveness, and responsiveness. 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. They'd just slow things down. In June 2014, 55 years after his father Leon had started Family Dollar . But, insists Levine, "it was because of our next move that we really took off.". When Michael Welts, marketing manager, was hired, in November 1989, he was thrilled but a little scared. It feels like you are all on your own in the middle of the forest. He will be succeeded by Don Reed, 53, a top officer from the regional phone company Nynex Corp., which is being acquired by Bell Atlantic Corp. ``The amount of effort and time and travel that will be involved to get Cabletron to the multi-billion dollar level, which I have no doubt Cabletron can achieve, is time I am not willing or able to invest at this time, Levine said in explaining his decision. ``Don also has the contacts, contacts that I was never able to develop, maybe just because I havent been around long enough. If only, Levine thought, Cabletron could find a way to test live networks. Three-corner deals became a big deal up to and during the launch of Enterasys. It would be wrong to present Bob Levine's need for speed as simply a strategic imperative. And the department doesn't close: 3 employees wear beepers. Though orders picked up at the rate of two or three a week, Levine did not expect much from Cabletron, and with good reason. When customers called with problems, the only available equipment required shutting down the computer network -- testing customers' patience and often costing them money. CABLETRON SYSTEMS, INC. has been set up 8/15/1989 in state DE. He bought a tank. At Nynex, Reed is being replaced by Morrison DeS. Pick up the Christmas card resting on the windowsill, and you'll be treated to a blasphemous hand-scribbled holiday message. 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. "I should have just said, 'You know what?

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