Word: latinizing
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Dates: during 1970-1979
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...29th and final witness to appear before the five-member subcommittee, Geneen's testimony epitomized the line of defense used by the cor-poration to fend off accusations of wrongdoing and illegal interference with the orderly electora' process of what was then the leading democracy in Latin America. According to the gospel of Geneen and the ten ITT executives summoned before the subcommittee, "all that ITT did was to present its views, concerns, and ideas to various departments of the U.S. Government." These actions, they clamed, were not only ITT's "constitutional right," but were also the conglomerate's "direct...
...IMPLICATIONS of this ITT-CIA conspiracy and other "dirty tricks" of the multinational have claimed some casualties in the intervening years. First came two plea-bargains, one of which featured all the niceties of a slap on the wrist. In November 1976, a former ITT public relations director for Latin America named Harold V. Hendrix pleaded guilty to a one-count charge of failing to testify fully and accurately to the Senate multinationals subcommittee during the ITT hearings. In return for dropping possible perjury charges against Hendrix, the Justice Department required Hendrix to cooperate fully with its fledgling ITT probe...
...various branches of the federal government--the CIA, the Senate Intelligence Committee, and successive administrations going back to the Kennedy administration--and the multinationals." They sought to conceal the aid extended by the Kennedy and Johnson administrations to U.S.-based multinationals, which were trying to protect their investments in Latin America and elsewhere. 'Korry added that the Carter administration permitted the Justice Department to continue its ITT investigation in order to cloak the whole matter with the department's "mantle of legitimacy...
After leaving on Tuesday, Carter was to stop first in Caracas. He will hold at least two private meetings with President Carlos Andrés Pérez. Topics are expected to include the Panama Canal treaties; human rights (Venezuela has one of the best Latin American records in that field); and undoubtedly, since that country is a member of OPEC...
...case, G.M. is putting its money where Murphy's math is. It will spend more than $4 billion this year, increasing to $5 billion in 1980, to expand and modernize. Murphy aims to increase G.M.'s already large share of auto markets abroad-notably in Latin America, Africa and Asia. But G.M. will invest 85% of its capital budget in the U.S., a slightly higher proportion than in past years. By next year's end it will add 30,000 jobs to its domestic employment rolls, which is particularly pleasing to the chairman, who was unemployed...