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Craig Benson
Craig R. Benson (born October 8, 1954〔(New Hampshire Governor Craig Benson ). National Governors Association. Retrieved on February 6, 2011. 〕) is an American politician and businessman. He served as Governor of New Hampshire from 2003 to 2005. Benson first came to public attention by founding Cabletron Systems, now known as Enterasys Networks that became one of the largest employers in New Hampshire.
== Early life and business career ==
Benson attended Chatham High School in Chatham, New Jersey. After receiving a bachelor's degree in finance from Babson College in 1977, Benson attended Syracuse University, graduating with an MBA in 1979.〔
In 1983, Benson and partner Robert Levine started Cabletron Systems in Levine's garage.〔Fisher, Lawrence M. (August 7, 1997). "(Cabletron's Chief Executive Plans to Step Down Sept. 1 )". ''The New York Times''. Retrieved on February 6, 2011.〕 The company moved to Rochester, New Hampshire in 1985 and went public in 1989, with what was then the largest IPO in Wall Street history.〔Viscarolasaga, Efrain (June 20, 2005). "(Enterasys closes Rochester, N.H., facility to consolidate operations in Andover )". MassHighTech.com. Retrieved on February 6, 2011. 〕 In 1991, Benson was named "Entrepreneur of the Year" by ''Inc. Magazine''.〔Hyatt, Joshua (January 1, 2001). "(Born to Run )". ''Inc.'' Retrieved on February 6, 2011. 〕
The company grew to have over $1.8 billion in annual revenue, but over time Cabletron faced heavy competition in the industry.〔"(A Cabletron Systems Founder Steps Down )". ''The New York Times'', June 5, 1999. Retrieved on February 6, 2011.〕 Benson resigned in 1999,〔 and Cabletron was dissolved into four separate companies (Enterasys Networks, Aprisma Management Technologies, Riverstone Networks, and Global Network Technology Services) in January 2000.〔Kelly, Matt (March 1, 2002). "(After splitting up Cabletron, Piyush Patel mulls his future )". Indusbusinessjournal.com. Retrieved on February 6, 2011. 〕 The company's fragmentation brought layoffs,〔Hohman, Robin (December 22, 1997). "(Cabletron cuts rile customers )". ''Network World'', p. 6. Retrieved on February 6, 2011.〕 declines in stock price,〔 and shareholder lawsuits.〔Enterasys Networks (January 18, 2005). "(Enterasys Networks Agrees to Settle Shareholder Suit Against Its Predecessor, Cabletron Systems )". Press Release. Retrieved on February 6, 2011. 〕
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