Word: itt
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Dates: during 1970-1979
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...WORLD LIBERATION FRONT. Composed of about 25 middle-class whites and possibly some black ex-convicts, the group has claimed responsibility for 23 terrorist bombings in the Bay Area and Sacramento since Sept. 3, 1974. Targets have included buildings occupied by General Motors, Pacific Gas & Electric and subsidiaries of ITT Corp. The front is believed to have close ties with the remnants of the S.L.A. After Patty repudiated the "army" in her affidavit last week, the front castigated her in a statement as having returned to the "ruling-class vipers...
Meanwhile, the right continues to agitate--from the North, from Spain, and perhaps from Washington (although there is little direct U.S. financial interest in Portugal, save ITT). And Carvalho speaks of defending the workers' revolution with "very hard repression, which we have avoided up to now." In the words of a poster in Lisbon, he and his working class constituency, if they hope to avoid counterrevolution, had better be like steel in the coming months...
Hall, who came to Harvard from a position as a vice president of ITT-Sheraton in 1971, is a man obsessed with innovation and change. One of his latest schemes, unveiled this summer, involved a palm-scanning machine designed to reduce the number of non-paying persons eating in Harvard dining halls. The machine was relatively simple. The finger length, curvature and skin translucency of each student would be recorded on the magnetic strip on the back of his or her bursar's card. Then each dining hall would be equipped with a slotted scanner that would read the magnetic...
Cancer Surgery. Thrice married, most recently to Lyn Fisher Sheresky Revson, whom he divorced in 1974, Revson was aware that he was dying after cancer surgery last year and began to look for a successor. The man he chose is Michel Bergerac, 43, former president of ITT-Europe, a capable, urbane Frenchman (and naturalized U.S. citizen) who was lured to Revlon by a $5 million contract and a chance to run his own show. Bergerac plans to work on, among other things, developing greater management depth at Revlon-one detail that never interested Revson...
...Switzerland and the now defunct Franklin National in the U.S. lost heavily last year by guessing wrong about which way-or how far -rates would float. So did some corporations that have tried to hedge against fluctuations by contracting to buy and sell currencies at a future date: ITT lost $48 million in foreign exchange transactions in 1974. Moans one multinational executive: "All the Harvard Business School techniques are worthless when exchange rates can move by 20% in a matter of months...