His office looks like a fun-house version of a standard CEO's work space. Searching For Italy: Stanley Tucci Visits Sicily - Forbes Cabletron was founded by S. Robert Levine and Craig Benson. Later that year Cabletron received a $1.5-million line of credit that catapulted to $12 million four years later. Such trigger-happy behavior takes a toll on morale. The lawyers wrote all the agreements. He is a male registered to vote in Eagle County, Colorado. Cable installations now account for 4% of sales. We had to feel instinctively from the heart that this was the right individual both from a capability standpoint as well as a cultural standpoint. Last spring, Casson approached Levine and Benson about opening a subsidiary in Australia. The company has 3 contacts on record. Cabletron, headquartered in Rochester, N.H., announced Wednesday that Levine, 39, would step down Dec. 1. 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. If only, Levine thought, Cabletron could find a way to test live networks. What began as a part-time venture in a garage evolved into a billion dollar company by 1996. [April 2007] Met his wife, Mary Tyler Moore, when she took her mother to the hospital and he was the doctor. LEVINE--Robert, M.D. Stuart Robert Levine's Colorado Voter Registration In 1983, Benson and partner Robert Levine started Cabletron Systems in Levine's garage. In 1987 Levine was dissatisfied with a consultant Cabletron had hired to beef up business abroad. Registered Address. Robert Levine and Craig Benson on a Motorcycle. "I started off by saying, 'For 20 days and 20 months, I had no first name and I was referred to as 03418049. ''Really, he hadn't functioned in the traditional role of a C.E.O. ", But, soon it appeared that "it was like we were force-feeding people. Confronted, Ayers confessed he was just worn out. Cabletron expands sales channel - CNET "I couldn't," he says with a shrug. Fine, Levine would say. ROBERT LEVINE Obituary (1934 - 2021) - Hamden, CT - New York Times 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. He is also resigning his board seat at the company. Mr. Benson said Mr. Levine's unusual style had nothing to do with the decision to seek a new chief executive. A second complaint also seeking about $40 million in damages and involving the same broker is pending. And the department doesn't close: 3 employees wear beepers. The ice cream parlor is a fun little room that is themed, with old-fashioned ice cream glasses mounted on the gold mica flaked wallsand ice cream parlor decor. Inc. 5000 Application Deadline Extended: April 28! She's also going for a business management degree through the University of Phoenix in Burlington, Mass., but she plans to switch to online classes, so she can spend more time taking care of her 91-year-old mother. "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. "Run the company as if it's not making money," says Bob Monaco, director of operations, "and you'll always make money. Definition of Cabletron | PCMag 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. I was a prisoner in a federal women's camp. "Is this the right thing to do?" Kenahan has two pending arbitration claims listed on his BrokerCheck report, including one that has more than $42 million in alleged damages listed. 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.. With summers that last from April to October and mild winters, Palermo is a year-round destination. Beyond that, though, they were helpless. "No matter how big we get, I've got to be able to touch enough people so that the electricity zips down to everyone. One way Cabletron keeps the staff small is by giving employees enormous autonomy; for example, salespeople have lots of latitude on pricing. 2400 Casteel Creek Rd, Edwards, CO 81632 | Zillow Disappointed in one of its suppliers, the company began to shift its focus from distribution to manufacturing in 1986. He has made several guest appearances on sitcoms, produced films and television, and does voice work. Cabletron still moves as fast and as flexibly as a $25-million upstart. I was not going to act like I did not do anything wrong.". weeks. When the company went public, they gave away $2.3 million worth of shares to employees. As generous as they are about firing, Levine and Benson are stingy about adding people -- "I don't even ask anymore," says Casson. A second complaint also seeking about $40 million in damages and involving the same broker is pending. What began as a part-time venture in a garage evolved into a billion dollar company by 1996. 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. Mary Tyler Moore's husband of more than 33 years, Dr. S. Robert Levine, opened up to People this week about his heartbreak following Moore's death at age 80 on Jan. 25. 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. It is just gorgeous out there with the purple-pink peaks, said Nobrega. The one-of-a-kind estate is now up for sale, listed for $42 million. Six months later they had developed two products: one tested the cable, the other tested other network equipment. Atlantic--expected within days, pending FCC approval--and said he About Levine family. And it seems safe to say that Levine's gift does not lie in finance, for which Benson, who has an M.B.A., is much better equipped. They also had manufacturing facilities in Ironton, Ohio, and in Ireland. Cabletron Systems, Inc. -- Company History '', See the article in its original context from. Between 1987 and 1988, sales shot up more than 160%, from about $9.5 million to almost $25 million. 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. A 200-foot steel bridge leads out of the property and into the forest overlooking the forest and Rocky Mountains Sawatch mountain range. networking hardware company will be September 1, according to company executives. This was most apparent in those three-corner deals, she said. It was wild and wooly. Reed's first day as head of the 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. Levine purchased the land for $3.32 million in 1996 and delivered the house in 2000, according to Eagle County property records. 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. There seems to be a problem with your Inman Select Membership. Now, a year out of federal prison, Spence maintains that the wrong people went to jail. "When we do, we optimize them by making them three times more effective.". It's fair to ask, though, whether Levine might grow increasingly militant as the company becomes harder and harder to push around. 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. "I had never had a person work for me," says Levine, "so this was all pretty new.". He runs into his office and, sidestepping some dumbbells, grabs a shirt that is hanging from the ceiling. "They see it coming. 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. Prior to mid-1986 Cabletron worked with a worthy supplier. In making the announcement, Benson emphasized Reed has a different management style, but Reed said he has no immediate plans to make changes. Cabletron Network Systems LTD - Facebook 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. Add a few hours, and the same could be said for new markets. '', For his part, Mr. Reed said he was attracted to Cabletron in large part because of its culture, and lack of bureaucracy. Push.'". Two hours later Benson joined up. ''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 company was an early manufacturer of ethernet and other networking equipment necessary to make the internet. 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 . 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. "There are very few Bill Gates in the world. " Welts doesn't worry as much anymore. That makes seven offices that Casson has opened abroad. In fact, you can pretty comfortably walk around its historic centre. Edwards, Colorado. Or, swept away by its continued growth, it may lose its edge. Stuart Robert Levine (born 1958) is listed at 25 Casteel Creek Rd Edwards, Co 81632 and is affiliated with the Colorado Republican Party. 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. "I think I am an asset to any company who has the desire to go public or who is currently publicly traded. All rights reserved. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. People would say, 'I don't want to do that,' and they would say, 'You find a way to make them do it.'". 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. "And we don't have to deal with upset customers." Now that I have your attention'". Thank you for subscribing to Morning Headlines. Robert Levine, the founder the 1990s computer networking firm Cabletron . [His] eccentric management style has contrasted sharply with the usually conventional world of computer-networking equipment, the Wall Street Journal said upon the announcement he would retire. 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. Benson alleges Kenahan made similar churning violations, a FINRA public disclosure says. 5 Reasons Why You Really Must Visit Palermo, Sicily "They get wrapped up in their titles instead of getting work done," he says. ''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. We've received your submission. For one, Levine was still representing other companies for a living; for another, Cabletron was losing $20,000 in its second year. 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 Systems, Inc. in Rochester NH - Company Profile They could tell at a glance, for instance, whether data packets were colliding. They are guaranteed a response within five working days. US 1st Circuit Opinions and Cases | FindLaw Want CNET to notify you of price drops and the latest stories? Cabletron CEO Levine Is Expected to Resign - WSJ The longest any of them had lasted was six weeks. Early spring and late summer are possibly the best for fewer visitors with warm, but . That is, until the activist investors started swarming. Co-founders S. Robert Levine and Craig Benson were the bad boys of the 1990s networking industry. "There are very few people who can take a company from zero to a The complaint was filed in March 2018 for allegations of "unsuitable investment recommendations, excessive trading and misrepresentation from February 2012 until December 2017." ", Perhaps so. 2023 Fortune Media IP Limited. We don't want it to, and it won't. Dr. But "my actions, by pushing this paperwork through, allowed the company to make the quarter. Do Not Sell or Share My Personal Information. The Cabletron story starts in March of 1983 with then 25-year-old Robert Levine. By submitting your email address, you agree to receive marketing emails from Inman. Founder and CEO of networking hardware maker Cabletron, S. Robert Levine, will voluntarily step down. 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. Following on this early success, Cabletron developed one of the first modular Ethernet hubs, the MMAC-8 (and its smaller siblings, the MMAC-5 and the MMAC-3) at the time that 10BASE-T was becoming standardized. I should have watched that over and over again because it was corporate greed it at its best.". Bob Levine and Craig Benson built Cabletron Systems Inc. into a $100-million upstart by staying light on their feet. CABLETRON SYSTEMS, INC. in Jackson, MS | Company Info & Reviews In retirement, Levine built a Colorado mega-mansion with unheard-of amenities, including an ice cream parlor, two shooting ranges and a Western town with a sheriffs office, to name a few. The problem, said prosecutors and a jury agreed was that the deals were primarily done to increase the company's sales before the quarter, and that auditors were not told about the connection between the loans and the revenue. 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. Robert Levine Mary Tyler Moore's husband - DailyEntertainmentNews.com Inside salespeople develop and qualify leads, then make appointments for the outside salespeople, who are, notes Levine, "the most expensive people I've got." Along with the house itself, Levine created a 28,000-square-foot "amenities lodge" with a five-story rock climbing wall, an indoor shooting range, a teppanyaki dining area, a gym and massage spa, an Olympic-sized pool and a hot tub. Society Summit in Brussels in 1995. By. Benson had his doubts. 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." 250 likes. 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. 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. The limit, as he well knew, was $70. Sinai Medical Center. Robert Levine (l.) and Craig Benson are co-founders of Cabletron, a company that makes hubs to connect computer networks. It's the largest such settlement in at least a decade. Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more, While only half an hour to Vail Mountain (east) or to the Eagle County Airports (west), the outside world fades away as one enters into the Casteel Creek compound, with a new discovery around every curve, Nobrega and Scrivens told Inman in an email. The town's winning traits? Cabletron with expert knowledge in key markets," said Benson. At the time, Levine worked as a senior fellow in the division of cardiology of Mt. continue to expand into the global market. You will receive additional instructions via email. Prosecutors said the side letter was created to hide the changes from auditors. Spence went on to plead guilty to securities fraud and was sentenced to more than two years in federal prison. Levine's perennial short sleeves strain against his imposing biceps, trophies of a decade and a half of daily weight lifting. Outdoor amenities include a stocked trout pond, a playground, 12 snowmobiles, three all-terrain vehicles, snowplows and a 10-seater Snowcat. Shares of Cabletron, based in Rochester, N.H., slipped 62.5 cents, to $36, on the New York Stock Exchange. It was the $3.5 million Ariel deal that sent Spence to federal prison. 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.. Cabletron was founded by S. Robert Levine and Craig Benson. Cabletron Systems, Inc., was a manufacturer of networking computer equipment throughout the 1980s and 1990s primarily based in Rochester, New Hampshire, in the United States. For instance, despite "some very scary days," Levine and Benson steadfastly refused any equity capital early on. "I'm not mechanically inclined," he says. It used to be that Levine could make the rounds of all the salespeople in a month. "It keeps me moving," he says. "That way, we didn't have to worry about hearing excuses from other people," says Chris Oliver, director of manufacturing and engineering. Don Reed, president and group executive at 2023 CNBC LLC. ``Frankly, we wouldnt just turn Cabletron over to just anybody. I really don't know.". In fiscal 1986 installations made up roughly 10% of sales, which totaled about $4 million. 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 . Robert Levine - IMDb At McAfee, Ken was SVP and GM of the security management business unit. Rochester, NH 03867 34 Raeder Dr Stratham, NH 03885 COUNTRY BROOK Stratham, NH 03885 19 Bay Shore Dr Greenland, NH . Founder and CEO of networking hardware maker Cabletron, S. Robert Levine, will voluntarily step down. Profile of this year's Entrepreneur of the Year winners. That arbitration case was filed with FINRA in February 2018 and is pending. When customers called with problems, the only available equipment required shutting down the computer network -- testing customers' patience and often costing them money. Among his previous endeavors: a landscaping business that killed grass and butchered hedges, a biorhythm company that had to hand out refunds when customers discovered their charts were not individualized, and a limousine service that quickly stalled out. Levine, co-founder of Cabletron, is a pioneer computer-networking magnate noted by Forbes magazine. Search our database of over 100 million company and executive profiles. Actor Robert Hays is doing a variety of things these days. 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. They hired a person, leased space, and came up with a strategic plan -- all in six days. Official US Coast Guard photo, gift of Jeffrey and Mary Cole, from the . "We've written our own rules from day one," he adds. The Allied Campaign in Italy, 1943-45: A Timeline, Part One By the summer of 1983, Levine -- who by that time had sold much more than the original 10,000 feet -- recruited his two younger brothers to pound away on the phones and fill orders in his two-car garage. Benson, who still had a full-time job, got swamped trying to keep up with the invoicing. It also happened to be when terrorists flew jumbo jets into the World Trade Center and Pentagon, not only killing thousands of people, but also disrupting the nation's economy and information system. Merrill Lynch pays $40M to Cabletron co-founder after alleged - CNBC 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. Ex-Cabletron exec reflects: 'Why didn't I speak up?' Cabletron Systems | Article about Cabletron Systems by The Free Dictionary "I never had anything to do with Asia. Building a sales team, of course, gets expensive. 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. Look closely; it's not Levine. I'm sure it's a big deal to the people at Cabletron.''. I'm not working here," she said. "Maybe he didn't want to know. Subscribe to Inman Select for Breaking News and Exclusive Industry Content. The other though is that Palermo is quite an easy city to navigate and get about. After returning from the . 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. "At some point, we'll need more layers," says Benson. Breaking news as it happens. That was why a shortened quarter (because Enterasys was changing its fiscal year) of one month in September was so crucial.

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