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How the iPod Ran Circles Around the Walkman
“SYNERGY AND OTHER LIES” would be a good first reading assignment for Sir Howard Stringer, Sony’s new chief executive, to be followed by “The Synergy Myth.” Then Sir Howard should recognize that the Sony he inherits is constitutionally incapable of making one (electronics) plus one (entertainment) equal three. Both books were written by Harold Geneen, the number cruncher who directed International Telephone and Telegraph during its heyday in the 1960’s. He engineered 350 mergers and acquisitions, which brought such names as Hartford, Avis, Sheraton and Madison Square Garden under one roof. Mr. Geneen, however, harbored no illusions that ITT’s individual… Read more »