> PS, the New York Times has an obituary for John Teets, who led the
> financialization of Greyhound.
>
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http://money.cnn.com/magazines/fortune/fortune_archive/1985/10/28/66505/index.htm
A BODY BUILDER LIFTS GREYHOUND Chairman John Teets, struggling to steer his unruly conglomerate toward higher profits, brags that he's ''tough like leather.'' He's sold off $300 million of assets, and says more may have to go -- especially if he can't cut labor costs further. (FORTUNE Magazine) By Brian O'Reilly RESEARCH ASSOCIATE Philip Mattera October 28, 1985
(FORTUNE Magazine) – BY THE TIME they hit their 50s, most chief executives aren't talking about the size of their biceps or how much iron they can pump. The chairman of Greyhound Corp. is different. John Teets has pummeled and punished his body into superb condition, and loves to talk about it. Teets is no gentler on the managers and employees of his $2.2-billion-a-year conglomerate, where he rules with a sidewalk-tough, confrontational style that borders on pure machismo. His manner of fixing up the sleepy hodgepodge of companies he inherited four years ago is so gung-ho that one vice president remarks, ''He'd rather kick a door down than turn the handle.'' ''I'm tough,'' Teets admits, ''tough like leather, with just enough give to take a beating all day long and not shatter.'' Finesse, tact, and Madison Avenue polish he hasn't got. His speech retains the harsh accent of Elgin, Illinois, a blue-collar suburb of Chicago where he grew up. At home he'll show off the weight machine, not the art on his walls. And Teets's two-fisted manner has shaken things up at company heaquarters in Phoenix. Since he took over, Teets (age 52, bicep 17, record bench press 385) has sold off 14 companies -- cutting the company's revenues nearly in half -- tangled / with Greyhound's biggest unions, and threatened to unload any other subsidiary that doesn't live up to his rigid standards.