Word: itt
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Playing in the windless confines of the ITT, the Horne-Roberts tandem defended their title with straight-set victories over Tufts, 6-3, 6-1, in the semifinals before acing Boston College in the finals...
...Lausanne, Switzerland. A star at Lazard's Paris affiliate before fleeing France in 1940, Meyer became senior partner at the firm's Manhattan headquarters in 1944 and turned a cautious house into a corporate merger machine instrumental in the making of such giants as RCA and ITT. A compulsive worker, he amassed a fortune estimated at half a billion dollars, became an adviser to Presidents Kennedy and Johnson and gave millions to New York's Metropolitan Museum...
...fact, Hamilton was ousted after only 18 months because he upset the man who had built ITT into the world's biggest conglomerate, its demanding, autocratic chairman, Harold Geneen, 69. Hamilton's offense? Nothing more than some modest restructuring of the company into five operating divisions, and a bit of judicious pruning of corporate deadwood that had grown up under Geneen...
...intrigue, the company is not likely to suffer much. Upheavals on foreign currency markets have cut into ITT's overseas earnings since April, but that is beyond the power of any management to control. By just about every other measure ITT, which last year earned a record $662 million on sales of $15.2 billion, remains healthy...
...company stands to see a lot more of Geneen, at least until his $1 million-a-year management contract expires in 1981 and he presumably retires for good at 71. No sooner had he dumped Hamilton than he was jetting to Europe where, in the words of one ITT executive, "more heads are expected to roll." Sure enough, at week's end Gerhard Andlinger, president of ITT Europe, "resigned...