Greg B. Abbott
|Greg B. Abbott|
May 2, 1950|
|Occupation||Entrepreneur, investor, writer|
|Known for||International Dispensing Corporation (Chairman & CEO),
Earthlink (Member of the Board),
Ithaca Industries (Former chairman & CEO)
Greg B. Abbott "Greg Abbott" (born May 2, 1950) is a prominent American businessman, investor, entrepreneur and novelist. Greg Abbott lives in New York City with his wife Marcia and their three children.
After graduating from Princeton University in 1972 with a B.A. in history, Greg 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, at age 29, Greg Abbott was named chairman and CEO and 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 Greg Abbott departed to become a private investor and writer.
In 1995, Greg Abbott was brought in by Kevin M. O'Donnell as the first major investor in EarthLink ISP. Greg Abbott also played a primary role in securing financing to carry the company's IPO in 1998, when it had previously fallen through.
Sheer Pressure is a novel written by Greg Abbott. The story follows Alex Halaby and Emily Lukes, two thirty-year-olds encumbered by money and family, as they struggle through a social and business mine field to become fully realized adults. Sheer Pressure was published by iUniverse, Inc. on July 26, 2006.
International Dispensing Corporation
Greg 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 chairman & CEO, 1996–2013)
- Earthlink – Member of the Board
- Ithaca Industries – (as chairman & CEO, 1979)
- Wavetech – Member of the Board
- Abbott Productions – President
-  (company website)