Word: sampson
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Dates: during 1970-1979
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According to Anthony Sampson's The Sovereign State of ITT, it isn't absolutely certain that International Telephones and Telegraph allowed its Latin American telephone lines to be used to send information to German submarines during World War II, although the friendship towards Hitler of the company's founder, Colonel Sosthenes Behn, makes it seem highly probable. There is no doubt, however, that the company owned 28 per cent of Focke-Wulf Aircraft, whose planes bombed American ships, which ITT direction finders used to evade German torpedoes. Although Behn maintained good relations with the Naxis during the war, through...
...SOVEREIGN STATE OF ITT is an absorbing chronicle of the first half century of a firm whose exemplary pursuit of profits has spanned 70 countries and dozens of industries. It's a tribute to Sampson's research that the Watergate hearings have not made his book seem dated, with the exceptions of its bewilderment at Dita Beard's sudden appearance in a Denver hospital and one reference to "the President's counsel, James Dean" (the index gets it right). And it's a tribute to Sampson's writing that we find the accounting techniques which have made ITT's pursuit...
...conclusion, Sampson confesses to bewilderment at the effects of ITT and other multinational corporations--a bewilderment apparent in his insistence that the company is both a "maverick" and an organization that "takes the capitalist system to its logical limits," so that "for any ambitious businessman, it is an anticlimax to retreat back from those limits." There is no obvious reason not to believe both these statements: few organizations carry anything to its logical limits. ITT offers us a chance to study the workings of the profit motive in as pure a form as they are likely to assume. Like Gerrity...
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...Sovereign State of ITT, Sampson...