Word: levitt
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Dates: during 1960-1969
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...more meaningful offer was made by the nation's largest housebuilding contractor, Levitt & Sons, which pledged to end racial discrimination in its 80,000 dwelling units from coast to coast and in all its new projects in the U.S. and abroad. Whatever the ultimate effect of these and a score of other proposals made in Martin Luther King's name, the unexpected restraint shown by black and white together last week may prove a worthy memorial to King's cause and, just possibly, a harbinger of greater interracial cooperation and understanding in the future...
Harvard's other wrestlers were Jeff Seder (145), losing to Dick Levitt, 3-1; John Eng (152), losing to Jed Olmstead, 7-0; Bill Zinn (160), losing to Gail Smith, 5-3; and Howie Chatterton (177), losing to Dave Laboskey...
Last week, in one of the year's more unusual mergers, Geneen agreed to buy Levitt & Sons, Inc., the world's largest home builder, for $92 million worth of ITT stock. The building company, which showed a whole industry how to change the face of postwar suburbia, would operate as an autonomous subsidiary under President William J. Levitt...
Such changes already sweeping the industry must have been in Geneen's mind last week when he called Levitt & Sons "the ideal vehicle for ITT to participate in the U.S. and abroad in the revolution in housing in the next decade." Levitt fits into ITT's spreading empire (204,000 employees, 400 offices and plants in 57 countries) in other ways as well...
...bulk of its income. Thanks chiefly to his relentless pursuit of diversification, Geneen last year achieved his goal of balancing the company's foreign and domestic earnings. ITT's total profits reached a record $89.9 million in 1966 as its sales rose 14%, to $2.1 billion. Levitt's sales, as they have on the average for five years in a row, climbed by 25%, to $94 million. And the building company, which also retails furniture and appliances, makes an obvious outlet for such ITT consumer products as radios, TV sets, refrigerators and freezers...