Word: geneen
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Dates: during 1970-1979
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...Revlon's Bergerac has been so successful in sensing such subtle shifts in women's psychology and the subliminal instincts that shape it. A multinational manager who probably would do as well selling steel ingots or instant pancakes, Bergerac was trained in the exacting school run by flinty Harold Geneen, the creator...
...Geneen was then building ITT into the world's biggest conglomerate; in Europe the firm's satellite companies sold life insurance and made food products, auto parts and construction materials, among many other things?including a few cosmetics. Bergerac helped negotiate about 100 acquisitions of companies for ITT. In 1971, at the age of 39, he was promoted to the job of running all ITT European operations from a base in Brussels. By encouraging still more acquisitions and spurring the companies' internal growth, he doubled European sales during the next three years to $5 billion. He was a prime candidate...
...real significance of the ITT case boils down to the old and increasingly familiar story of the one that got away. Today, Harold Geneen can go about the business of overseeing the globe-spanning empire of ITT that he so carefully built during the last 19 years without a single official cloud of suspicion hovering over him. Bell and the federal attorneys in charge of the ITT probe tersely informed the Washington press corps that Monday afternoon that no criminal charges would be lodged against the board chairman. Despite the many similarities between the testimony of Geneen and his accused...
WHILE THE JUSTICE DEPARTMENT predictably declined to explain its decision to let off Geneen, some experts familiar with the ITT case and its operations in Chile questioned the last-minute resolution of the investigation. "It's clear that although Geneen didn't tell the subcommittee what happened, and that he probably lied outright, I would say that he was a lot more careful about his testimony than either Gerrity or Berrellez," Jack Blum, the associate counsel to the Senate multinationals subcommittee in 1973, said in a telephone interview Monday. Presently running a private practice in Washington, Blum extensively participated...
...EFFORTS to get out the story about the ITT-CIA plots and the chronology of covert U.S. government action in Chile, Korry has become, in his words, a "non-person" among his former government colleagues. The Justice Department's failure to bring to trial men like Helms and Geneen may speak pointedly to the sincerity of the Carter administration's pledge to an "open" administration. But it should in no way reflect upon the accuracy of Korry's accusations or upon the merits of his crusade to "set the record straight." By demanding a comprehensive Justice Department investigation...