Power Resurgence At Cabletron
CRAIG BENSON JUST WASN'T READY TO FADE AWAY. On Mar. 30, the Cabletron Systems chairman pushed aside his handpicked successor and reassumed control of the networking company he co-founded. The move came a week after Cabletron posted its first-ever quarterly loss, of $6.3 million. While praising CEO Donald Reed's strategic skills, Benson told analysts, "I can make smart decisions and implement a lot faster than he possibly could." Still, some expect tough times ahead. "What Cabletron really needs is a new culture," says David Passmore of NetReference. Maybe one with less hubris?