Word: itt
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Dates: during 1970-1979
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...people from those who would back a traditional, "old" political candidate who would be, after all, financed heavily and supported by the old political machines. The change would manifest itself in at least two ways. The first is the general area of business-Government relations-for example, the ITT case. It would not be possible under McGovern-and perhaps not even under Nixon in the future-for a corporation to work out its problems with the Government behind the scenes. From here on, business actions will be much more in the open, especially with a McGovern presidency...
Died. Charles ("Chick") Ireland, 51, president since last October of Columbia Broadcasting System, Inc.; of an apparent heart attack; in Chappaqua, N.Y. Amiable but harddriving, Ireland directed the Alleghany Corp.'s long and complicated proxy battles of the '50s. In 1968, he joined ITT, where he oversaw the operation of Avis, Sheraton hotels and several of the conglomerate's other subsidiaries. Ireland professed to know little about broadcasting, but CBS hired him last year to bring fresh talent to the network's top echelon in a period of sagging revenues...
Indeed, few corporations dominate their industries the way that Holiday Inns dominates the fast-growing business of lodging. Its success has lured a host of imitators into the motor-inn field: Howard Johnson's, ITT Sheraton, Marriott. Despite this competition, Holiday Inns has more than four times as many rooms as its closest rival in the hotel or motel field, Ramada Inns (see chart, page 81). Right now Wilson's company counts 208,939 rooms, with a total of more than 300,000 double beds...
...your article about ITT, you state that I took part in a meeting with Connecticut Insurance Commissioner William Cotter, Mr. Geneen, local politicians, and others prior to Mr. Cotter's approval of the acquisition of Hartford Fire by ITT...
...TIME erred in placing ITT Director Rohatyn at the Hartford meeting...