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"Shareholders should not be allowed to make this much money," Ackman said at the time.
Forty years ago, a famous CEO put this omnivorous conglomerate into the top 10 of the Fortune 500. Then shrinkage began — and it’s never stopped. Timeline: 1971 A consent decree, initiated by antitrusters determined to stop International Telephone & Telegraph from buying big companies, forced Geneen to sell Canteen, Avis, Levitt, and part of […]