Word: itt
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Dates: during 1970-1979
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...Government. Those days are long past. But executives of the International Telephone and Telegraph Corp., the largest U.S. conglomerate, apparently yearn to carry on in the not-so-grand old tradition. The testimony in two weeks of hearings by the Senate Subcommittee on Multinational Corporations, which showed how ITT and the Central Intelligence Agency conferred on ways to block the election of Marxist Salvador Allende in Chile 2½ years ago, provided enough juicy material to keep any Yankee-go-home propagandist busy for years...
Realizing that the company was about to have its $150 million investment in Chile's telephone system nationalized, ITT executives worked overtime to devise ways of stopping Allende and tried to donate, through CIA operatives, large amounts of money for an anti-Allende coalition. The company management even considered the old insurgent Communist Party strategy against troubled capitalist states: foment economic chaos on the principle that the worse things get, the better. Though ITT and CIA officials deny that any of these plans were ever carried out, such schemes ran against the stated U.S. policy of non-intervention...
...unprecedented move, the subcommittee heard and released the closed-session testimony of the CIA's chief of clandestine operations in the Western Hemisphere, William Broe. (It was the first time that a CIA agent has testified before a congressional committee.) Broe's testimony, added to what ITT executives told the subcommittee a week ago, unraveled the following chronology of collaboration...
...roster of men who had been feted and pleaded with on the case by ITT Chairman Harold Geneen and other company executives included Vice President Spiro Agnew, former Cabinet Members John Connally, John Mitchell, Maurice Stans and Peter Peterson, Interior Secretary Rogers Morton, Presidential Aide John Ehrlichman and former Presidential Aide Charles Colson. The letters between ITT and Government officials suggested that ITT wanted to drive a wedge between the Administration and Richard McLaren, then head of the Justice Department's Antitrust Division. ITT, in effect, was marshaling strength at the highest levels of Government to run over...
...agents since December also have been looking into testimony in the tangled ITT antitrust case. They want to determine whether officials of either the company or the Government-or both-had perjured themselves during any of the various hearings. Among other things, the FBI will presumably investigate seeming discrepancies in the testimony of John Mitchell. Last spring the former Attorney General testified under oath that he had never discussed with Nixon any antitrust case in the Justice Department. Yet ITT documents suggest that Mitchell had conveyed to ITT executives what they took to be the substance of talks...