Gregory and Marcia Abbott indicted this morning:
Greg B. Abbott (born May 2, 1950) is a prominent American businessman, investor, entrepreneur and novelist. He lives in New York City with his wife Marcia and their three children.
Career
After graduating from Princeton University in 1972 with a B.A. in history, Abbott joined the family business, Ithaca Industries, Inc., a private label manufacturer of pantyhose, men's and women's underwear and T-shirts.
In 1979, aged 29, he was named chairman and CEO. Over the next seven years the company's customer base grew to over 400 (including Wal-Mart, Sears, Nike, Target, Mervyns, Evan Picone) and Ithaca Industries became the nation's largest private label manufacturer.
After negotiating a leveraged buyout of the company with Merrill Lynch, Abbott departed to become a private investor and writer.
Earthlink
In 1995, Abbott was brought in as an investor in EarthLink ISP. Abbott also played a primary role in securing financing to carry the company's IPO in 1998, when it had previously fallen through.[1]
Sheer Pressure
Abbott penned Sheer Pressure [2] , a novel. It was published by iUniverse, Inc. on July 26, 2006.
International Dispensing Corporation
Abbott is chairman and CEO of International Dispensing Corporation (IDC), a company he acquired in 1996. IDC's patented, FDA-certified technology―The Answer―enables consumers to dispense shelf-stable milk and juice for months, in varied environments, without recourse to refrigeration or preservatives.
Board memberships and other affiliations
International Dispensing Corporation (as CEO, 1996–2013)
Abbott Productions – President
Ithaca Industries – (as CEO, 1979)
Earthlink – Member of the Board
Wavetec – Member of the Board
Education
Choate Rosemary Hall (1968)
Princeton University (1972)