Word: itt
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...sized nation. Among the top ones to whom Boyden points: Presidents Virgil Boyd of Chrysler, Arthur Larkin Jr. of General Foods, Stuart Silloway of Investors Diversified Services, John L. Gushman of Anchor Hocking Glass; Chairman A. King McCord of Westinghouse Air Brake; Presidents and Chairmen Harold S. Geneen of ITT, Robert O. Fickes of Philco-Ford...
...Three cheers for ITT's Harold Geneen [Sept. 8], who proves that there's nothing wrong with ambition that can't be cured by a lot of success. TIME'S explanation of this fascinating man's awesomely complex company was first rate-and your exposition on the question "What is a conglomerate?" is the first one I've read that makes any sense...
...Sosthènes Behn was one of the last grand old gentlemen of finance, at ease with king or laborer alike. ITT represented, to its thousands of workers, one man, who commanded their fierce loyalty, love and admiration. I am glad Colonel Behn did not live to see his dream become a giant conglomerate, where the personal touch and human values are lost in the balance sheet, drowned in the quest for the almighty dollar...
...telephone in the Virgin Islands? Ever try to get the operator?-busy signals for hours on end. Ever get charged a service charge for placing a long distance call that doesn't answer? Ever see thousands of inhabitants with no telephones for years?-look at Puerto Rico and ITT. Maybe President Geneen hasn't opened that attache case...
...process, ITT's lobbyists and public relations men have been charged with an excess of zeal. Several reporters accused the company of trying to manipulate the news-and this was especially damaging since a main Justice Department complaint is that ITT's worldwide business interests might encourage the company to influence ABC's public-affairs programming. Justice's other key objections are that the merger would result in a cash drain away from already-strapped ABC (both companies insist that, on the contrary, ITT would be supplying the network with fresh capital) and that it would...