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. Robert Levine and Craig Benson are co-founders of Cabletron, a But the thin ranks mean that some employees get pushed to their limits -- or beyond. FINRA did not respond to a request for comment, while a spokesman for Bank of America Merrill Lynch declined to comment. Mr. Benson remains with the company as chairman. Workman backdated it. Levine has no plans to start another company. 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. Outdoor amenities include a stocked trout pond, a playground, 12 snowmobiles, three all-terrain vehicles, snowplows and a 10-seater Snowcat. He has made several guest appearances on sitcoms, produced films and television, and does voice work. "But if business ever goes bad. One of the rooms is a retro-style ice cream parlor with marble countertops and sleek cone and topping holders on the table. 2023 CNBC LLC. Levine also owns 15 guns, which he has, on occasion, used to shoot up his own sprinkler system. For many of us, Sunday nights won't be quite the same. 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. History. Cabletron, R.I.P. | Light Reading Robert Levine can be an acting professional, known for The Uncles (2000). NEW YORK (CNNfn) - A top executive at Nynex will become chief executive at . Benson once spied an 18-person meeting going on. And the department doesn't close: 3 employees wear beepers. One way Cabletron keeps the staff small is by giving employees enormous autonomy; for example, salespeople have lots of latitude on pricing. 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. In 1996 the company eclipsed US$1 billion in sales. "Basically buying people's business," Spence said. Levine must confront a sensitive and pivotal dilemma: how can Cabletron stay speedy while it grows huge? That's no surprise since Palermo is the largest city in Sicily and one of the largest in Italy. Chris Ratcliffe | Bloomberg | Getty Images. Cabletron still moves as fast and as flexibly as a $25-million upstart. Cabletron has needed money steadily because both Levine and. But even in making difficult and defining strategic decisions, the pair have consistently kept flexibility and speed as their top priorities. Cabletron was founded in 1983 in a Massachusetts garage by Craig Benson (who later became New Hampshire's governor) and Robert Levine. in his garage in 1983, said he decided ", 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. They'd just slow things down. 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. But, insists Levine, "it was because of our next move that we really took off.". Coalesce's Select Membership is no longer active. Robert C. LeVine, 77 of East Bridgewater died peacefully on June 23. [1] As manufacturing and design operations expanded, Cabletron relocated to Rochester, New Hampshire, employing 6,600 people at its peak. It has even instituted a special program whereby salespeople hand out forms to customers, who are invited to fax in their product suggestions. Co-founders S. Robert Levine and Craig Benson were the bad boys of the 1990s networking industry. After returning from the . Sweet and salty: An estate with an ice cream parlor and jail Bob Levine and Craig Benson built Cabletron Systems Inc. into a $100-million upstart by staying light on their feet. 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. Levine, co-founder of Cabletron, is a pioneer computer-networking magnate noted by Forbes magazine. Accoridng to the NY Times, the couple wedded in the Pierre Hotel. Levine amassed a fortune Forbes estimates at $625 million at. A local's guide to Palermo, Sicily: 10 top tips - The Guardian Which is, to be sure, a remarkable achievement. 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. 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.. S. Robert Levine. - Free Online Library - TheFreeLibrary.com They sniff things out." Levine had a habit of wearing ostrich-skin boots and once used an armored tank to chase away a pizza delivery worker. The approximately $1 million bridge provides views over the Rocky MountainsSawatch mountain range and hundreds of acres of forest, said the agents. "You gotta help me," he pleaded to Benson. Six months later they had developed two products: one tested the cable, the other tested other network equipment. Afterward he ordered two of them fired immediately. That's something I tried to do at On one wall hangs a picture of President George Bush with -- if you trust the caption underneath -- Levine. Not wanting to sully their high-tech image -- or tie up inventory dollars in low-margin fare -- few computer companies supplied the cable. Thank you for subscribing to Morning Headlines. TimesMachine is an exclusive benefit for home delivery and digital subscribers. And hardly any of them delivered it in less than six months. Along with eight bedrooms and 10 bathrooms, the estate has an ice cream parlor, guest suites modeled after the Wild West as well as one guest suite made to look like a pretend prison. ROBERT LEVINE Obituary (1934 - 2021) - Hamden, CT - New York Times Though orders picked up at the rate of two or three a week, Levine did not expect much from Cabletron, and with good reason. "I think I am an asset to any company who has the desire to go public or who is currently publicly traded. ``Ill have time to meet with more employees and customers than in the past, Benson said in a phone interview. "I just wanted to get rid of the stuff," he says, "but people really appreciated the fast delivery.". 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. -. But most CEOs find it harder to remember, and more challenging to follow through on, as revenues soar. 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. Benson pitched in during his lunch hour, leaving invoicing chores for the weekend. And then she added, with angst still in her voice, "Why didn't I speak up?". "If they're afraid of being fired," charges Bob Monaco, "they probably deserve to be fired.". "The thing that has made us different," he says, rising to his feet, "is that we are absolutely fearless.". times One is that Palermo is a seriously sprawling space. The pressure will be on Mr. Reed to put Cabletron back on the growth curve. "I'd sit in his car and find invoices between the seats," recalls Levine. Benson hired a few engineers he knew. The Ariel deal.". 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.. 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 connection - eCoast Sales founder returns to familiar locale 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. Get this delivered to your inbox, and more info about our products and services. Cabletron CEO to leave. No revelation there. 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. Robert Levine was born on 22 September 1954 in Mineola, New York, USA. A connection is made when two people are officers, directors, or otherwise . 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. Characteristically, he couldn't just turn down suitors with a polite "No, thank you." "With those three people, the culture changed," said Spence. If I even have a sniff that something is wrong, my hand is going up. ATTN: Tax Department, 35 Industrial Way PO Box 5005, ROCHESTER, NH 03867; United States; Inactive Directors / Officers. Benson explored the opportunity incognito, even printing up separate business cards. The loans started at $50,000. It looks like youre already a Select Member! Or, swept away by its continued growth, it may lose its edge. He shared the title of Inc. Magazines Entrepreneur of the Year with his co-founder, Craig Benson, in 1991. BOX 5005, ROCHESTER, NH, 03867. You will be charged . He currently serves as a "I should have just said, 'You know what? The company's principal address is 1 Cabletron Way, P O Box 5005 Attn: Tax Dept, Rochester, NH . "I couldn't," he says with a shrug. But she said she kept her thoughts to herself until it was too late. Cabletron, headquartered in Rochester, N.H., announced Wednesday that Levine, 39, would step down Dec. 1. Benson urged him to ease up. Colorado estate that looks like an amusement park sells for $40m 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. Profile of this year's Entrepreneur of the Year winners. A 200-foot steel bridge leads out of the property and into the forest overlooking the forest and Rocky Mountains Sawatch mountain range. "To counteract any problems associated with growth," suggests Casson, "Bob and Craig will simply shout louder.". 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. ''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. Stuart Robert Levine's Colorado Voter Registration 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. "I've got to get going," he says, checking to see if the weather will accommodate his flight plans. The Martha's Vineyard Times. The one-of-a-kind estate is now up for sale, listed for $42 million. If so please contact customer support at (510) 658-9252, Password Reset Instructions have been sent to. 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. Cabletron Systems was a manufacturer of networking computer equipment throughout the 1980s and 1990s primarily based in Rochester, New Hampshire, in the United States. Pick up the Christmas card resting on the windowsill, and you'll be treated to a blasphemous hand-scribbled holiday message. Cabletron with expert knowledge in key markets," said Benson. He is a male registered to vote in Eagle County, Colorado. C T Corporation System, agent, 4 Sep 2000 - Michael D. Myeraw, secretary, 19 Jan 1990 - S. Robert Levine . The officials she testified against and helped convict got even more time. "I knew he was heading for me, so I'd stand up. 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. He runs into his office and, sidestepping some dumbbells, grabs a shirt that is hanging from the ceiling. Free to concentrate on sales calls, his salespeople rack up sales three times higher than the industry average, Levine claims. 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.. 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. ", But at some point, he will reach his limit. As a subscriber, you have 10 gift articles to give each month. In fact, you can pretty comfortably walk around its historic centre. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. ", However, in a larger sense, she said, "I knew what I did, and it was wrong. 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. :: Indiana (US) :: OpenCorporates Top headlines from around the real estate industry. More recently, Levine was in the news in 2019 after Bank of America Merrill Lynch agreed to pay him $40 million as a settlementin response to his allegations that one of its brokers churned him by making poor investment recommendations to receive commissions. Beyond that, though, they were helpless. By submitting your email address, you agree to receive marketing emails from Inman. Jewish Media Power : JEWISH INFLUENCE IN THE MASS MEDIA 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. Searching For Italy: Stanley Tucci Visits Sicily - Forbes Craig Benson - Wikipedia 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. Founder of Cabletron Systems, an internet networking company in New Hampshire that once rivaled Cisco, but went belly-up, owns this house. Cabletron, and then Enterasys, would "lend" money to small companies that used it to buy Cabletron or Enterasys equipment through a third-party distributor. Cabletron CEO Levine Is Expected to Resign - WSJ Dow Jones, a News Corp company About WSJ News Corp is a global, diversified media and information services company focused on creating and. Nobody who Spence knew was there for securities fraud a crime that she said confused some of the inmates. "There will not be a beat missed during the process.". How so and so had so much shares, stocks options and this and that. Cabletron Systems | Article about Cabletron Systems by The Free Dictionary In 1988 the company earned the #7 spot on the Inc. 500, our ranking of the fastest-growing small private companies. That's an important role, so I hope they find somebody to fill that function. 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. At the time of their nuptials Moore was 45 and Levine 29-years-old. But aside from that, there was more commonality than differences. I got stung. Cable installations now account for 4% of sales. Robert Levine's House in Edgartown, MA - Virtual Globetrotting Robert Levine was born in 1954. It was sold in 1998 to a private company. Its very playful and all about discovery.. CABLETRON SYSTEMS, INC. has been set up 8/15/1989 in state DE. Theyre [the owners] all about creating experiences, and because were in Colorado, that Western theme came through, Scrivens told The Post. It was what she calls the "big three": Kirkpatrick, Cabletron chief executive Piyush Patel and vice president Eric Jaeger. Cabletron's Chief Executive Plans to Step Down Sept. 1 The advisor involved is Charles Kenahan, according to FINRA's BrokerCheck. Levine fires any salesperson who flies during company time. To this day, Spence maintains that she knew nothing about the side letter, and she was simply passing on information from Gagalis. The two devices, which cost roughly $200,000 to produce, represented Cabletron's first foray into manufacturing. Anyone can read what you share. Sign up for Individual Select membership today. All Rights Reserved. For now. 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. "We don't research the hell out of something before we do it," Levine says. Inc. 5000 Application Deadline Extended: April 28! Karl was contacted before Thanksgiving, but Spence talked to NHBR at the end of September in her backyard, agreeing to tell her story if she had a chance to review her transcript, which she did, with minor edits, in November. 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