Word: telegraphs
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Only when Harold Sydney Geneen, 57, goes fishing off Cape Cod aboard his $100,000 yacht, Genie IV, does he temporarily travel without his attache cases. "Otherwise, my office is where I am," explains Geneen. Inasmuch as he is board chairman and president of the globe-girdling International Telephone & Telegraph Corp., that could be almost anywhere. A man who walks fast, talks fast and thinks fast, the sturdy (5 ft. 10 in., 180 lbs.) Geneen churns with the ambition of a man half his age. In the space of eight years, he has rejuggled ITT from top to bottom, transforming...
Dropping the Ampersand. International Telephone & Telegraph came into being in 1920 when Sosthenes Behn, a young entrepreneur born in the Virgin Islands of Danish-French ancestry (though "Sosthenes" is Greek for "of sound strength"), founded it as a New York-based holding company for several Caribbean telephone companies he had recently acquired. Behn's choice of a corporate name was an unabashed effort to trade on the reputation of the giant American Telephone & Telegraph Co. Behn was successful in creating this confusion; even today, many people think of ITT as the international division of A.T. & T. Behn received...
PEREGRINE WORSTHORNE Deputy Editor The Sunday Telegraph London...
...Tippecanoe and Tyler too" and went out with the California gold rush. Americans gambled their fortunes on cockfights, sang themselves hoarse at prayer meetings, got roaring drunk on grog. They were titillated by Tyler's dalliance with a society beauty, captivated by Morse's telegraph, endlessly amused by politics. Mount and Woodville's art chronicled the times with a warm blend of sentimentality and good humor...
...International Telephone & Telegraph has encountered stiff Justice Department opposition to its proposed merger with American Broadcasting Co. But that has failed to dampen ITT's ardor for picking up other corporations. Its latest morsel: Rayonier Inc., a $171 million-a-year manufacturer of pulp products. The communications giant also has a line out in hopes of acquiring Western Power & Gas Co., a public utility operating in 13 states from the Rocky Mountains to the Atlantic. - General Telephone & Electronics Corp., the nation's largest independent telephone system, stood to get even larger by agreeing to a $145 million stock...