Word: itt
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...competitors a 55 percent discount in local access fees to help compensate for AT&T's advantages as the former telephone monopoly. According to the March issue of Consumer Reports, the least expensive service was SBS Skyline, followed, in order of increasing rates, by Western Union, Allnet, ITT, MCI, GTE, Sprint, and AT&T, SBS Skyline, according to Sesser, was "the over-whelming choice. Not only was it the cheapest service, but it had better voice quality than...
Still, ABC's financial situation was unstable (it was the target in the 1960s of attempted hostile takeovers by Norton Simon and Howard Hughes and an aborted merger with ITT), and its hold on last place in the ratings seemed depressingly unshakable. Some of the network's hit shows of the late 1960s and early '70s were often faddish entries, quick to catch on and quick to fade away: Batman, The Mod Squad, Kung Fu. ABC's ratings woes became the subject of mordant jokes. Asked how to end the Viet Nam War, industry wags would reply, "Turn it into...
...compared South Africa, with its system of apartheid, to apattheid Germany, which was responsible for one of the most devasting in the history of mankind and for the extermination of millions of innocent people. We have no way of knowing how many lives could have been spared had not ITT produced and perfected the communications systems used in Germany bombers and submarines, or bad not RCA, General Motors, DuPont, Chemical or Chuse Manhattan been similarly tied to the Third Reich. We must learn lessons from history...
...Liquidator. Irwin Jacobs, 43, has trained his takeover artillery on such corporate giants as ITT, Pabst Brewing, Kaiser Steel and Disney Productions. He was in an earlier phase of the Phillips battle but sold his 4.6 million shares for a sizable profit shortly before last week's voting...
Late last year Jacobs went after his biggest target yet: ITT, which had sales of $14 billion in 1984. He bought a reported 2% of the company, an investment estimated at $84 million, and began bringing pressure on ITT officials to break up the firm, arguing that the parts of the conglomerate were worth more than ITT as a whole. Said Jacobs at the time: "ITT's management has created such a monster of overhead in its operations that something's got to happen." Partly because of those attacks, ITT decided in January to sell off $1.7 billion worth...