Word: chileanizing
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SEPT. 4. Allende won a 36% plurality but still had to face a run-off vote in the Chilean Congress...
...Allende was elected by the Chilean Congress. Later he nationalized many U.S. companies, including ITT's Chilean telephone subsidiary...
...that ITT was willing to put up a "substantial fund" to support a conservative candidate for President in the elections in Chile to be held Sept. 4. According to Broe, at that time the CIA declined the proposal because the U.S. was not supporting a candidate in the Chilean election...
...payment from the federally financed Overseas Private Investment Corp. (OPIC), which insures multinational corporations against expropriation. ITT now stands to lose whatever compensation Allende had promised to pay; and unless the company can disprove the mounting evidence that its loss resulted from its attempt to interfere in Chilean politics, it may also lose its $92.5 million claim with the OPIC. To knock down that evidence will be Harold Geneen's task in testimony this week...
...conglomerate's troubles are not confined to the Senate's investigation of its Chilean involvement. In separate investigations, a House subcommittee and the FBI last week were looking into other ITT affairs...