Word: avise
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Dates: during 1970-1979
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AVIS may have to work harder to get ahead, but American Motors practically has to work miracles. As No. 4 in an industry almost totally controlled by Detroit's Big Three, AMC must fight just to stay alive, and in recent years many auto men doubted that the company...
Died. Charles ("Chick") Ireland, 51, president since last October of Columbia Broadcasting System, Inc.; of an apparent heart attack; in Chappaqua, N.Y. Amiable but harddriving, Ireland directed the Alleghany Corp.'s long and complicated proxy battles of the '50s. In 1968, he joined ITT, where he oversaw the...
The ultimate effects on ITT itself are not yet clear. The company seems as powerful a multinational force as ever. It boasts more than 200 primary divisions and subsidiaries and countless sub-subsidiaries*on every continent, which among other things operate the hot line between Washington and Moscow, manufacture telephones...
The man and the company are really indistinguishable. In an era of colorless hired managers, trim, short-haired Geneen has shaped a corporation that everyone in business identifies with him. When he became its president in 1959, ITT already was large, with sales of $765 million, but it mostly produced...
Hedged Bets. ITT's recent sorry relations with the U.S. Government raise some questions about its future growth. True, the trustbusters could have given the company a tougher deal; for example, they could have forced it to sell off Hartford Fire instead of the lesser Avis, Levitt and several...