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...been hit by a public relations version of the domino effect: one charge against the company has led to an intensified examination by newsmen and politicians of just about everything the company is up to. The troubles began with the publication of the famous Dita Beard memo linking the company's offer to help bankroll this summer's Republican National Convention, through its Sheraton hotel chain, to the Government's settlement of a major antitrust suit against ITT. The settlement will force ITT to sell several companies but allows it to keep the big one it really...

Author: /time Magazine | Title: CORPORATIONS: ITT's Big Conglomerate of Troubles | 5/1/1972 | See Source »

Error. Merriam's testimony hardly squared with the recollections of Republican Congressman, Bob Wilson, of San Diego, who said in a taped interview last month, that Merriam told him he had received the Beard memo. Wilson added in the interview that "Jack Anderson has the original memo...

Author: /time Magazine | Title: INVESTIGATIONS: ITT (Contd.) | 4/24/1972 | See Source »

...last week Wilson told the committee it was all a semantic misunderstanding, that by using the word "original" he was simply referring to the top copy of a memo, not necessarily the memo Mrs. Beard says she wrote. Merriam admitted telling Wilson he had received the memo from Mrs. Beard; lamely adding that he discovered later he had not received any memo and simply had not bothered calling Wilson back to correct himself...

Author: /time Magazine | Title: INVESTIGATIONS: ITT (Contd.) | 4/24/1972 | See Source »

Ervin: Well, you could not destroy that [Dita Beard] memo because you did not have...

Author: /time Magazine | Title: INVESTIGATIONS: ITT (Contd.) | 4/24/1972 | See Source »

There was still more confusion about what role-if any-the White House played, and the amount ITT might contribute to the convention. Mrs. Beard testified that a White House telephone call to Merriam mentioned $600,000. Wilson said, ITT President Harold S. Geneen spoke of a "guarantee" for $400,000. Geneen earlier in the hearings had testified that there was never any commitment for more than...

Author: /time Magazine | Title: INVESTIGATIONS: ITT (Contd.) | 4/24/1972 | See Source »

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