Word: itt
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Dates: during 1970-1979
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...sedate hearing room of the Senate Judiciary Committee had rarely rung with such harsh language. Columnist Jack Anderson was pressing his charges that the Nixon Administration had settled antitrust suits against the giant ITT Corp. in return for up to $400,000 in backing to bring the Republican National Convention to San Diego (TIME, March 13). As the second week of tense testimony unfolded, Republican officials were still on the defensive. The Administration had requested the hearings, hoping to dispel quickly any whiff of a deal. Thus far it had failed, and gleeful Democrats were only too happy to prolong...
Conflicting. The political stakes were high. For the Government and a corporation to collude on such a matter would be a crime. President Nixon was described as wanting the Justice Department to make "a reasonable settlement" with ITT. Also at issue were the integrity of the President's closest political and legal adviser, John Mitchell, and the fitness of Mitchell's deputy, Richard Kleindienst, to be confirmed by the Senate to succeed him as Attorney General. Equally assailed was the trustbusting reputation of Richard McLaren, Mitchell's former antitrust chief and now a federal judge. Over...
...Democrats and Republicans on the committee thrust and parried in the dramatic duel, the testimony turned complex. Only a few basic facts had not yet been disputed. The Government, under the aggressive McLaren, had begun moving against ITT in 1969, trying to prevent the nation's eighth largest industrial corporation from expanding. McLaren, determined to pursue the issues to the Supreme Court, wanted clarification of the Government's powers to limit the growth of conglomerates-a matter on which the court had never ruled. In the early summer of 1971, San Diego had little interest in bidding...
...According to one, she wrote it for the exact reason it states-to squelch loose talk about the $400,000 gift by company officials. Others suggest that she was about to be fired because of her abrasive personality and that she fabricated the memo to get even with ITT. The corporation has officially denied that the contribution to the G.O.P. was in any sense a political payoff, and insisted that there was no deal of any kind to settle the antitrust case...
...hearings have established only that the Justice Department figures involved have both frail memories and a rather chummy relationship with certain ITT executives. Kleindienst may well survive further testimony with his reputation unsullied. Now, though, the chances of his confirmation being defeated were put at 25%-up from zero the week before...