Word: itt
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Dates: during 1970-1979
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...ITT affair...
...SOVEREIGN STATE OF ITT...
...American factories were assembling "Huff-Duff," the High Frequency Direction Finder used by the Allies to save their ships from German torpedoes. This is not one of Milo Minderbinder's fast-buck schemes from Catch-22. It is, in fact, a part of the corporate record of ITT, the American-based telecommunications conglomerate with worldwide interests as diversified as smoked meats and rental cars...
...sure, ITT's German equipment was under Nazi control, though, as Anthony Sampson argues, the company tried to conduct business as usual for as long as possible. In Sampson's view, ITT is not merely a multinational giant but a state within states, a moral chameleon that will do business with any complaisant regime and try to prevent the election of politicians who threaten the corporate interests...
Last year ITT's power and presumptuousness came to light with disclosures that it stood ready to underwrite with cash any efforts the CIA might be considering to prevent the election of Salvador Allende, Chile's Marxist President. At home-if such a cozy term can be used for a multinational-ITT provided an early trickle to the Watergate. ITT Lobbyist Dita Beard's secret memo found its way into Jack Anderson's column, where it told of a $400,000 pledge for the 1972 Republican Convention. All this occurred shortly before the Justice Department settled...