Word: geneen
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...middle-sized nation. Among the top ones to whom Boyden points: Presidents Virgil Boyd of Chrysler, Arthur Larkin Jr. of General Foods, Stuart Silloway of Investors Diversified Services, John L. Gushman of Anchor Hocking Glass; Chairman A. King McCord of Westinghouse Air Brake; Presidents and Chairmen Harold S. Geneen of ITT, Robert O. Fickes of Philco-Ford...
...Three cheers for ITT's Harold Geneen [Sept. 8], who proves that there's nothing wrong with ambition that can't be cured by a lot of success. TIME'S explanation of this fascinating man's awesomely complex company was first rate-and your exposition on the question "What is a conglomerate?" is the first one I've read that makes any sense...
...Virgin Islands? Ever try to get the operator?-busy signals for hours on end. Ever get charged a service charge for placing a long distance call that doesn't answer? Ever see thousands of inhabitants with no telephones for years?-look at Puerto Rico and ITT. Maybe President Geneen hasn't opened that attache case...
...Long." Harold Geneen is keeping his fingers crossed on the ABC deal (first hearings are scheduled in Washington's U.S. Court of Appeals in October), since a network tie-in would go a long way toward making his company as well known as he feels it deserves to be. Whatever the outcome, he promises to continue going "where the opportunities are," and in the case of a conglomerate-or a "unified-manage-ment, multiproduct company"-that could be just about anywhere. What drives the man so relentlessly? Keeping those profits doubling, for one thing...
...that, of course, mainly benefits the company and the stockholders. As for himself, Geneen confided last week...