Results 1 – 12 of 12 Distant Force: A Memoir of the Teledyne Corporation and the Man Who Created It by George A. Roberts and a great selection of related. I first read about Distant Force, the biography of Teledyne and its Book Review – Distant Force: A Memoir Of The Teledyne Corporation And. Find Distant Force: A Memoir of the Teledyne Corporation and the Man Who Created It by George A. Roberts.

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The author began his career as a metallurgist, and the book focuses heavily on technology rather than finance. Library Staff Details Staff view. Goodreads helps you keep track of books you want to read. McVicker, Teledyne’s staff writer In the company’s own words, Danaher began as a collection of discrete, cyclical companies and has become an integrated group of companies in stable industries.

In the Globe and Mail article cited above, og company is ninth of ten companies in its reduction in outstanding shares in the past five years.

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Singleton’s goal was to create a source of persistent capital to fuel the company’s future growth. Jean-marc Melchior rated it liked it May 27, During that time, the company’s stock gave investors forec Subjects A limited number of items are shown.

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Content Types A limited number of items are shown. Studying these factors will help an investor find companies that can deliver returns like Teledyne’s. Danaher’s acquisition system involves buying undervalued companies, successfully integrating them into a larger corporation, and using them to create growth. Rather, Exelis produces small components that form a small part of a larger system, but which are nevertheless crucial to the system’s successful function.

Paul rated it liked it Nov 05, James Goldstein rated it liked it Jan 20, For example, according to the company’s Annual ReportExelis sensors “currently provide all of the commercial high resolution space-based imagery in the United States.


George Adam WFCholding them, like Teledyne, in insurance subsidiaries. However, their willingness to buy low when most companies and their managers refused is a modern day example of the Teledyne tradition of using opportunistic stock repurchases to build shareholder value. As a result, you see charts like the below one from FactSet’s December issue of Buyback Quarterly. However, unlike most such companies, Teledyne did pay a regular stock dividend, beginning it injust as the company ended its acquisitions.

No trivia or quizzes yet. As head of Teledyne Corporation, Henry Singleton is probably best known for his share buybacks.

Available fore search results n Next page p Previous page f Toggle filters Open nth result on page. In producing such products, Exelis is reminiscent of Teledyne, which also emphasized products ot to mission success, both military and civilian.

Click to view More Biography. Like many companies run by a strong capital allocator, Teledyne avoided paying a significant cash dividend for most of its history, preferring to retain cash for future investments. Click to view More Singleton, Henry Earl, Behrak rated it it was ok Dec 27, Even more important than the raw size of Zimmer Holdings’ buybacks from a capital allocation standpoint, though, was their timing.

And yet, it is the best illustration of Henry Singleton’s lessons in share buybacks because of those ten companies, only Zimmer Holdings increased its share buybacks in when its shares were lowest, at the worst point of the Great Recession. During the period [Singleton] considered bonds as high risk and stocks as low risk, contrary to popular opinion, and he instructed his insurance companies to follow that advice in their investments.

There are a number of companies today that exhibit each of these characteristics. The company would eventually diversify into such areas as aeronautics, steel, and insurance before breaking itself up into such successor companies as Allegheny Technologies NYSE: Philippe Brassard rated it really liked it Dec 20, The articles are in PDF formatted files.


Dave rated it it was amazing Oct 31, Also like Teledyne, this method aids long-term shareholders who accept a share dividend and do not sell the shares they receive, because they gain a proportionally larger ownership in the company. In andTeledyne purchased several insurance companies, diversifying the company into the financial industry. At Teledyne, such businesses included Teledyne Geotech, which built seismometers and created maps by assigning coordinates and elevations to locations identified in aerial surveys.

Book Review – Distant Force: A Memoir Of The Teledyne Corporation And The Man Who Created It

mrmoir Rather, it is the way that Danaher manages the acquisitions. These articles were written by Robert J. The system combines fundamentals such as listening to the Voice of the Customer and the continual improvements of kaizen with a focus on Growth, Leanness, and high quality Leadership. The one oddity of Teledyne’s stock dividend, though, is that much of it occurred at the same time as Teledyne’s share buybacks.

At first glance, the characteristics of the Danaher Business System seem like meaningless management distany all, what company doesn’t say that it is working towards growth, leanness, and better leadership?

Similarly, the company’s seismometers were left on the Moon as part of the Apollo missions, providing data that remains useful today.

Jan 11, Ngee Poo rated it it was ok. ZMHa producer of tools used by surgeons in reconstructive surgery and treating degenerative diseases, as well as orthopedic reconstructive devices such as artificial joints. Distant Force memolr Singleton’s rationale for this action. Roberts first published January