Word: itt
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...sugar broker from the Virgin Islands named Sosthenes Behn founded International Telephone & Telegraph, hoping to link callers around the world much as AT&T had connected phone users in the U.S. For decades thereafter, Behn's successors at ITT remained true to his vision. Even when ITT's acquisitive chairman Harold Geneen began buying dozens of companies in such fields as aerospace, bakery goods and cosmetics in the 1960s and 1970s, he kept ITT firmly planted in global telecommunications...
Creating a 20% minimum corporate tax. This would prevent large, profitable companies from getting off scot-free at income-tax time, as many have done in the past because of loopholes. Boeing, ITT, General Dynamics, Greyhound and Grumman, among others, paid no taxes between 1981 and 1984, according to a study by Citizens for Tax Justice, a consumer and labor group. Commented T.A. Wilson, chairman of Boeing: "The complaint is that through various techniques, we defer taxes. I would just as soon have a minimum tax and take a lot less of that flak." The minimum tax would help finance...
...speculators sent Sperry's stock price up $16.25, to $71.25. Some investors think Sperry will find a so-called white knight to deliver it from Blumenthal's clutches, but the company is running out of candidates. During the past year, Sperry is rumored to have held merger talks with ITT, General Dynamics and AT&T, among others. An equally likely possibility is that Burroughs will eventually win Sperry's hand, but only at a sweeter price...
Chin, a Quincy House resident, received the more prestigious ITT Fellowship of the Fulbright program. The ITT Corporation, a Fulbright sponsor, reviews all the applicants before the Fulbright board has access to them. ITT then chooses the most qualified students, offering them more lucrative awards...
...purpose of the Fulbright and the ITT fellowships is "to increase the mutual understanding between the people of the U.S. and the people of other countries," according to an informational pamphlet about the program...