Word: itt
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...coup that would abort the Popular Unity government's planned experiment in democratic socialism. In the course of carrying out Nixon's orders, the CIA developed a very special relationship with an American multinational worried about the fate of its massive Chilean investments--the International Telephone and Telegraph Company (ITT...
...prime intent of Arms Bazaar is to document the tangled path of the companies and entrepreneurs who have developed the arms trade. Sampson, author of books on ITT and the oil companies, has had considerable experience in writing exposes. The Sears and Roebuck-like brochures produced by the British foreign service, the $106 million Lockheed paid to a single Arab business agent over five years, and numerous other interesting details are recounted. Sampson concentrates on the activities of the Western nations partly because they are more involved and less policy-oriented than the Soviets, but also because the information...
...forces and police. For example, IBM computers are used by the South African army and the regime's Atomic Energy Board. The West German company. AEG-Telefunken--of which General Electric (G.E.) owns about 15 per cent--supplied the regime's Simonstown military tracking system with sophisticated electronic equipment. ITT also provided equipment and recruited and trained engineers for the base...
...almost 2000 workers in South Africa in 1976, 1306 of them black. More than 1240 held unsalaries posts. Only one was at the "professional and management" level, compared to 262 whites. In 1972, blacks at G.E. earned between $73 and $213 a month, with most at the lower rates. ITT's main subsidiary paid its African employees an average of $125 a month in 1972, and whites...
Harvard owns $6.3 million in ITT shares, and $15 million in G.E. stocks and bonds...