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In 1996, the current company was founded as a spinoff of ITT as ITT Industries, Inc. It later changed its name to ITT Corporation in 2006. In 2011, ITT spun off its defense businesses into a company named Exelis (now part of L3Harris Technologies), and its water technology business into a company named Xylem Inc. [5] [6] ITT Corporation changed ...
The investigation and prosecution of ITT Corporation created important industry reaction. Global Watch, a web based Newsletter of the International Import-Export Institute called the convictions "record breaking" and "precedent setting" and claimed that Brownlee's work would have a "significant long-term impact on the trade compliance community ...
ITT Technical Institute (ITT Tech) was a private for-profit technical institute with its headquarters in Carmel, Indiana and many campuses throughout the United States. Founded in 1969 and growing to 130 campuses in 38 states of the United States, ITT Tech was one of the largest for-profit educators in the US before it closed in 2016.
[4] [5] On September 28, 1973, an ITT building in New York City, New York, was bombed by the Weather Underground for involvement in the September 11 overthrow of the Allende government. [ 6 ] [ 7 ] In 1977 Geneen retired as CEO and president of ITT, was chairman of the board until 1979, and stayed on the board for four more years. [ 8 ]
Rigrodsky & Long, P.A. Announces A Securities Fraud Class Action Lawsuit Has Been Filed Against ITT Educational Services, Inc. WILMINGTON, Del.--(BUSINESS WIRE)-- Rigrodsky & Long, P.A.: Do you ...
On October 31, 2011, ITT Corporation spun off its defense and water technology businesses to form three separate, publicly traded companies. Exelis, Inc. was the spin-off that contained EDO as a subsidiary. On May 29, 2015, Harris Corp. announced the acquisition of Exelis, Inc. [4] EDO remains a subsidiary; however, the owner has changed. [specify]
Rand Vincent Araskog (October 31, 1931 – August 9, 2021) was an American manufacturing executive, investor, and writer who served as the CEO of ITT Corporation.During his time as the CEO between 1979 and 1998 he was known for divesting the conglomerate of multiple businesses including hotels, rental cars, and insurance to retain its focus on its core telecom businesses.
The Sovereign State: The Secret History of International Telephone and Telegraph is a non-fiction book by Anthony Sampson published on July 1, 1973, by Hodder & Stoughton Ltd. [1] The book focuses on the history of ITT Corporation to make a broader point about the weakening of the authority of traditional national governments by the multinational corporations.