Word: itt
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Dates: during 1970-1979
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...Left ITT-Sheraton...
Since he arrived at Harvard from a vice presidential post at ITT-Sheraton in 1971, Hall has attempted to cut Harvard's overhead costs through automating and streamlining the University's faculties...
More than a dozen other companies, large and small, also have three or more top executives. General Electric has long had such an arrangement. In 1972 ITT adopted the multiple-management plan, mainly to prepare for the retirement of its chief, Harold Geneen; at present both Geneen and structure remain. RCA also established an office of the chairman last September, but abolished it and returned to a conventional organization when Chairman Robert W. Sarnoff resigned in November. Other firms that in recent years have experimented with executive offices of three or more officials are Honeywell, Morgan Guaranty Trust Co., Armco...
Large portions of the documents it requested from the CIA and the State Department were not released, and those released were heavily censored. Furthermore, the division the Church Committee makes between the activities of American corporations and those of the CIA is misleading, since most of the companies involved--ITT, Pepsi-Cola, Anaconda Copper--have a long history of involvement with the CIA, providing cover jobs for agents in return for CIA defense of their interests abroad...
...Competition, which once determined how and to what degree resources would be used, is being eroded by community need. It was to this notion that ITT appealed in 1971 when it successfully prevented the Justice Department from forcing it to divest itself of Hartford Fire Insurance Co. "The company lawyers said, in effect, 'Don't visit that old idea of competition on us. The public interest requires ITT to be big and strong at home so it can withstand the blows of Allende in Chile, Castro in Cuba and the Japanese in general...