Word: antitrusters
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...agreed last week to talk about her past with TIME Correspondent Ted Hall. It was only days before she was to face a grilling by U.S. Senators investigating Columnist Jack Anderson's charges that she had written a memo linking the Nixon Administration's settlement of an antitrust case against ITT with a company contribution to the Republican National Convention (see THE PRESS). The rumbustious Mrs. Beard, 53, refused to discuss her role in the ITT controversy, but was not at all shy about revealing intimate, if sometimes confused details of her earlier days. Hall's report...
...handling of the India-Pakistan war. While hardly of the same magnitude, his story about Ambassador Arthur Watson getting drunk on a commercial airliner also produced red faces-and no denials. That was only a pinprick compared with his ITT charge. Anderson reported that the Justice Department settled an antitrust suit against ITT, on terms relatively favorable to the firm, at about the same time that ITT promised a contribution to help pay for the Republican Convention...
...modest house in nearby Arlington, Va. Important lobbyists entertain in baronial houses, charter airplanes, give lavish cocktail parties. Dita Beard lived more like a suburban schoolteacher. Once a year, in ITT's name, she gave a small Christmas cocktail party for 30 or 40 people. Curiously, the Senate antitrust subcommittee, which an ITT lobbyist would certainly try to influence, had never heard...
...name. Everybody who reads the headlines knows that the International Telephone and Telegraph Corp. is the multibillion-dollar firm that quietly agreed to put up at least $100,000 to help finance this year's Republican National Convention, and shortly thereafter negotiated a controversial settlement in a classic antitrust case. But Geneen's interests scarcely run to backroom politics. By concentrating on business to the exclusion of almost everything else, including personal life, Geneen has built ITT into the eighth largest U.S.-based industrial concern and the biggest of all multinational conglomerates...
...example, in bidding for a government contract abroad, the company might offer to build a plant in an underdeveloped part of the host country. Close ITT watchers do not find it the least unusual that the company-or, for that matter, many a large, powerful firm-when threatened with antitrust prosecution, would approach Administration leaders directly and do everything possible to weigh the scales in its favor. Geneen, cloistered in the company, might well be unaware of how damning some of these moves could appear to the U.S. public...