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...provides no reassurance about what might happen if the left actually does win control of the government. The Socialist-Communist "common program," signed in 1972, calls for nationalization of all private banks and nine large, privately owned companies. Two of these are subsidiaries of U.S.-headquartered multinationals-Honeywell and ITT...

Author: /time Magazine | Title: Business: The Professor's Gamble | 10/24/1977 | See Source »

Construction on the ITT began in June 1976 and was completed on schedule, this September

Author: By Andrew S. Davidson, | Title: New Indoor Tennis, Track Facility Opens | 10/7/1977 | See Source »

That relationship has been on the minds of the people at the Justice Department for some time now. A federal grand jury last summer recommended multiple-count perjury indictments against Helms, ITT chief executive Harold S. Geneen and ITT senior vice president Edward J. Gerrity for allegedly lying to two Senate committees in 1973 about an ITT-CIA conspiracy to bribe members of the Chilean Congress to withhold confirmation of Allende's victory in the September, 1970 popular presidential election. The grand off-again investigation of possible perjury charges against Helms and the two ITT executives that spanned some four...

Author: By Joe Contreras, | Title: Open Season for Prosecutions | 9/29/1977 | See Source »

...fate in the investigation has also eclipsed the involvement of Geneen and Gerrity in the press during the past few weeks. A Rowland Evans and Robert Novak column in late August urged President Carter to order the Justice Department to drop its case against Helms, never once mentioning the ITT angle or the details of how the multinational funnelled $350,000 to Allende's opponents in 1970 with the advice and assistance of the CIA. The Evans and Novak apologia drew rebuttals from columnists Anthony Lewis of the New York Times and Mary McGrory of the Washington Star, who again...

Author: By Joe Contreras, | Title: Open Season for Prosecutions | 9/29/1977 | See Source »

...regardless of what the Justice Department finally decides to do on the Helms-ITT investigation, the mere fact of the probe has adversely affected the involved principals. Helms resigned as ambassador to Iran last November upon being formally notified that he had become a major target in the investigation. And ITT headquarters in New York announced in May that Geneen would officer at the end of this year, thus ending Geneen's 18-year autocratic rule of the corporation, whose phenomenal expansion during the 1960s he personally planned and closely supervised...

Author: By Joe Contreras, | Title: Open Season for Prosecutions | 9/29/1977 | See Source »

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