Sometimes if mutiny isn't possible, the mutineer takes another tack. Henry Singleton was an engineering and financial wizard at Litton, but he was not in the r

Sometimes if mutiny isn't possible, the mutineer takes another tack. Henry Singleton was an engineering and financial wizard at Litton, but he was not in the running for CEO, so he left with a cadre of Litton's best people and started Teledyne. Over the years, Teledyne grew much faster than Litton, bought many companies, and took large positions in other companies' stock. At its peak ownership, Teledyne had about 30% of the common shares of Litton, leading to many sleepless nights for the Litton executives.