Obituary
Rand Araskog, ITT CEO Who Disassembled Conglomerate, Dies at 89
- ITT’s holdings included baked goods, cosmetics, appliances
- It was ‘the most complex organization in American business’
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Rand Araskog, the chief executive officer who strategically disassembled the maze of companies accumulated by International Telephone & Telegraph Corp. as it became the quintessential ravenous conglomerate of the 1960s and 1970s, has died. He was 89.
He died Monday at his home in Palm Beach, Florida, according to the Wall Street Journal. No cause was given.