Word: itt
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...Carry the Ball." Because of the variety of ITT's main-line operations, Hal Geneen rejects anything remotely smacking of a "one-industry mentality...
...gone so far as to distribute footballs to his top executives with badges inscribed "Carry the ball." Geneen makes no apology for what he considers to be the be-all and the end-all of corporate existence: profits. In fact, his avowed ambition when he took over ITT was to double profits every five years; he was on schedule at the end of his first five-year plan, and he seems certain to make it again at the end of the second. Says General Electric Vice President Louis Rader, an ex-ITT man: "Geneen is like...
During Geneen's reign, ITT has increased sales from $766 million in 1959 to $2.1 billion last year, earnings from $29 million to $90 million; in the first six months of 1967, sales have gone up another 5%. The company has set new sales and earnings records for a phenomenal 32 consecutive quarters. Its assets over that span have almost tripled, to over $2.3 billion. ITT's directors last month rewarded Geneen with a contract extending his term as president to the mandatory retirement-age of 65-still eight years...
...Much of ITT's growth has come from Geneen's success in playing the merger game. In all, the skipper of the Genie IV has reeled in 44 companies, ranging across fields as diverse as auto rentals, mutual-fund management and airport parking. The biggest catch of all-ITT's proposed merger with American Broadcasting Cos.-has so far eluded...
...confederation of textile companies, is running ads making the point that the company now makes almost everything but textiles. "Think you've got Textron down pat?" the ads read. "What about electronic systems, golf carts, helicopters, chain saws?" Another company troubled by anonymity is Harold Geneen's ITT. "You can stop 15 people in the street and not one will know what ITT is," Geneen has lamented. "That bothers...