Word: geneen
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Harold S. Geneen. Among the plumbers' unit's activities was spiriting Dita Beard, a lobbyist for International Telephone and Telegraph, away from reporters inquiring into ITT's contributions to Nixon's re-election campaign. The gifts were apparently intended to get an anti-trust suit dropped--as it later was, at Nixon's personal insistence. ITT's President Geneen should probably come to trial for bribery. But just as some of the alleged Watergate consirators should have been tried years ago for other matters--things like ordering illegal mass arrests of political dissenters, as John N. Mitchell did during...
Jake Jacobsen. As the agent of the modern-day dairy trust, Jacobsen was instrumental in its negotiations with the Nixon administration for a hike in the price of milk--negotiations that became smoother after the industry made a large donation to the re-election campaign. Like Geneen, he should be tried for bribery...
...profit of almost $4 million in the year before ITT bought it, lost $14 million under ITT's management last year. Home building is a business that demands quick, intuitive judgments, and it defeated ITT's management style, which is based on incessant reports to Chairman Harold Geneen that are supposed to put everything in numbers. Says Levitt, who headed the company for ITT for a while but then left: "We are not the type of company that can be run with their methods...
...Sampson's writing that we find the accounting techniques which have made ITT's pursuit of profits so successful, unprecedently so, as engrossing as the diplomatic and political techniques which have made ITT a household word. With interest and perhaps amazement we read of ITT president Harold S. Geneen's management system of continuous expansion; of his reassuring observation (to an antitrust committee concerned at his attempted takeover of the American Broadcasting Company) that "the highest ingredient that a newsman has for sale is his professional integrity;" of his company's notorious attempts to finance the Republican convention...
...feel for you from Dita as to what is required." On June 25, 1971, Dita Beard wrote to Merriam, her superior, that ITT's "noble commitment" of funds for the Republican Convention had "gone a long way toward our negotiations on the mergers eventually coming out as Hal [Geneen] wants them...