Commissioner His 67-foot Hatteras is named Soldier of Fortune. ET. Thanks for contacting us. As generous as they are about firing, Levine and Benson are stingy about adding people -- "I don't even ask anymore," says Casson. What began as a part-time venture in a garage evolved into a billion dollar company by 1996. 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. '', See the article in its original context from. 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. 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. If they said yes, Cabletron sent a project engineer out to meet with them. year-and-a-half ago and coaxed him into bringing aboard his experience in national and global telecommunications. Which is, to be sure, a remarkable achievement. Sign up for free newsletters and get more CNBC delivered to your inbox. 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. Data is a real-time snapshot *Data is delayed at least 15 minutes. As Levine got orders he spooled off the appropriate footage and then called on Benson to perform the delicate task of stripping off the jacket, bending back the foil, and crimping on the connectors. There seems to be a problem with your Inman Select Membership. The lawyers wrote all the agreements. More important, perhaps, is how Cabletron followed that initial opportunity to its next leap: network-testing devices. Mr. Levine said he had not determined what he would do beyond smoothing the executive transition at Cabletron. "People said, 'This is exactly what we need," recalls Oliver. Not wanting to sully their high-tech image -- or tie up inventory dollars in low-margin fare -- few computer companies supplied the cable. Could I get some time? The house itself is a stylish mansion full of glass and stone. "Cabletronians," as employees call themselves, value speed, decisiveness, and responsiveness. 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. Benson hired a few engineers he knew. ``Ill have time to meet with more employees and customers than in the past, Benson said in a phone interview. He has been married to Mary Tyler Moore since November 23, 1983. Forbes 400 member S. Robert Levine has stayed decidedly unbusy since retiring in 1997, at the ripe old age of 39. Levine's perennial short sleeves strain against his imposing biceps, trophies of a decade and a half of daily weight lifting. . Levine had a habit of wearing ostrich-skin boots and once used an armored tank to chase away a pizza delivery worker. Cabletron and Enterasys would then report those as sales, increasing company revenue. Ultimately, the two founders persuaded Mr. Reed. Cabletron sells intranet and Internet networking hardware, including LAN Why, Oliver wondered, couldn't we incorporate several light-emitting diodes so that users could do more of their own troubleshooting? Robert Levine was born in 1954. Founder and CEO of networking hardware maker Cabletron, S. Robert Levine, will voluntarily step down. Branch of CABLETRON SYSTEMS, INC. (Delaware (US)) Controlling Company CABLETRON SYSTEMS, INC. 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. 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 . To keep its product line expanding in the right direction, Cabletron exploits the advantages of having a direct-sales force. One way Cabletron keeps the staff small is by giving employees enormous autonomy; for example, salespeople have lots of latitude on pricing. Cabletron was founded in 1983 in a Massachusetts garage by Craig Benson (who later became New Hampshire's governor) and Robert Levine. He bought a tank. His track record in entrepreneurial ventures was hardly encouraging. "We'll find a way to do this.". I dont know of another place like it, co-listing agent Barbara Scrivens of LIV Sothebys International Realty told The Post. People would say, 'I don't want to do that,' and they would say, 'You find a way to make them do it.'". Levine and Craig Benson, who is Cabletrons chairman, started the company in Levines garage in 1983 after realizing the potential need for custom cables to link personal computers. ", Of course, neither Cabletron's sales, nor profits, nor quality show any signs of eroding. Levine still owns nearly 40%, Benson claims 30%, and key employees own the balance. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. While Vail has some of the highest land prices in the country, Levines property is as spacious as they come, boasting 250 acres of land bordering a national forest that includes a trout pond, a playground and trails for hiking in the summer and snowmobiling in the winter. Last spring, Casson approached Levine and Benson about opening a subsidiary in Australia. Thirty percent of outside salespeople don't make it through the first 90 days; another 40% are gone within six months. In that wide-ranging interview on the deck overlooking her spacious backyard in Newfields where she lives with her dog and her 91-year-old mother Spence discussed how she went along with a corporate culture of greed, her "time away" at the prison in Danbury, Conn., and telling her whole story to a stunned class of business students at the University of New Hampshire who were expecting a boring lecture by a businesswoman in a suit. 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. Nor, for that matter, is Levine much of a marketer. Mr. Benson remains with the company as chairman. By submitting your email address, you agree to receive marketing emails from Inman. "Run the company as if it's not making money," says Bob Monaco, director of operations, "and you'll always make money. He joined New England Telephone in 1966. Between 1987 and 1988, sales shot up more than 160%, from about $9.5 million to almost $25 million. He was known for making threats and being a wild character. Just now that spirit, who has been seated, glances at his watch and flies to his feet. There have been no vice-presidents since. This is the one time I'm asked to bird-dog something. [1] As manufacturing and design operations expanded, Cabletron relocated to Rochester, New Hampshire, employing 6,600 people at its peak. He nearly hits his head on the picture hanging above him -- a sentimental shot of him and Benson outside a competitor's headquarters. A 200-foot steel bridge leads out of the property and into the forest overlooking the forest and Rocky Mountains Sawatch mountain range. "Maybe he was doing the 'don't ask, don't tell,'" she said, laughing. Subscribe to Inman Select for Breaking News and Exclusive Industry Content. We don't want it to, and it won't. As a result, Cabletron has grown much faster, and more daringly, than anyone might have expected. "I won't leave you out in the lurch," Levine assured. How so and so had so much shares, stocks options and this and that. I want to have influence over the philosophy, not over every piddling decision. Robert Levine's House (Google Maps). A large part of this walkability is due to . A part of outside grounds have been recreated to look like a Wild West town, complete with a shooting range, a model sheriffs office and even a jail cell as one of the rooms. The longest any of them had lasted was six weeks. 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. Gibney, founder and CEO of eCoast Sales So Robert Levine was born on 22 September 1954 in Mineola, New York, USA. The officials she testified against and helped convict got even more time. A connection is made when two people are officers, directors, or otherwise . "I knew he was heading for me, so I'd stand up. In 1996 the company eclipsed US$1 billion in sales. ", 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. 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. The owner was trying to make it so that whenever you come around a bend, or wherever you turn, or whenever you peek inside a door, you discover something you wouldnt expect, Scrivens told The Post. "We needed more people," says Ayers, 36, "and we weren't getting them." "I don't think so. ", Read Gayle Spence's full interview with NHBR, Back to basics: a wage and hour overview for New Hampshire employers, Special House committee to look at how New Hampshire's family courts operate, Accelerator program aims to help business owners of color in Manchester area, Balkus: New Hampshire has a growing healthcare crisis that cant be ignored, Maryland firm pays $4.2 million for North End site to build Portsmouth hotel, New Hampshire Home recognizes top residential designs of 2023, Hotel moratorium proposal floated before Conway Planning Board. 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. Levine had seen that happen many times. If I even have a sniff that something is wrong, my hand is going up. As the company sped toward nearly $900,000 in sales in fiscal 1985 -- branching into different types of cables as well as terminators and other supplies, all delivered "at the speed of light" -- Cabletron was slipping beyond Levine's grasp. Get the week's leading headlines delivered straight to your inbox. 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. 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. Back then, Cabletron was not only the biggest thing in town, it was the biggest employer in the state. Founder of Cabletron Systems, an internet networking company in New Hampshire that once rivaled Cisco, but went belly-up, owns this house. In 1983, Benson and partner Robert Levine started Cabletron Systems in Levine's garage. He was known for making threats and being a wild character. They'll figure it out, right?". 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.". On one wall hangs a picture of President George Bush with -- if you trust the caption underneath -- Levine. Robert Levine, the founder the 1990s computer networking firm Cabletron . time involved to get the company to the multibillion-dollar level. Patel, with Benson's approval, engineered the breakup of Cabletron into four companies, the largest being Enterasys. Consider this: though Cabletron has long left its original niche (and the one after that) behind, though 25% of its sales now come from abroad, though the computer-networking industry has exploded in recent years, the company has held on to something that most small companies can't help let slip as they grow. Spence's second chance started in June 2009. 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. 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. Want CNET to notify you of price drops and the latest stories? "I'm not a mercenary or anything," he says with a smile. "We don't research the hell out of something before we do it," Levine says. That arbitration case was filed with FINRA in February 2018 and is pending. 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. 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 Danbury, most of the women were drug offenders, but Spence taught English and got to know the inmates. 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. He'd say, 'Welts, we have to talk.' Instead, cable now constitutes less than 7% of sales. Levine and Benson listed about 20% of Cabletron on the New York Stock Exchange in their 1989 IPO. Theyre [the owners] all about creating experiences, and because were in Colorado, that Western theme came through, Scrivens told The Post. Chris Ratcliffe | Bloomberg | Getty Images. Reed said he made the choice to join Cabletron within the last two 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. August 6, 1997: 8:30 a.m. 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. Cabletron was founded by S. Robert Levine and Craig Benson. The other though is that Palermo is quite an easy city to navigate and get about. Look closely; it's not Levine. "I had never had a person work for me," says Levine, "so this was all pretty new.". [5], Learn how and when to remove this template message, "Chmn. Dr. On September 12, 2013, Extreme Networks agreed to buy Enterasys Networks for $180 million. Edwards, Colorado. 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. The 50,000-square-foot mega mansion, which . Robert Levine (l.) and Craig Benson are co-founders of Cabletron, a company that makes hubs to connect computer networks.
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