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The company was founded in 1920 as International Telephone & Telegraph. During the 1960s and 1970s, under the leadership of CEO Harold Geneen , the company rose to prominence as the archetypal conglomerate , deriving its growth from hundreds of acquisitions in diversified industries.
From 1959 to 1977 he was the president and CEO of International Telephone and Telegraph Corp. (ITT). He grew the company from a medium-sized business with $765 million sales in 1961 into an international conglomerate with $17 billion sales in 1970.
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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.
ITT was founded as the small communications company Puerto Rico Telephone Company by brothers Sosthenes and Hernan Behn. Through a series of business and patent acquisitions, the company grew and was renamed International Telephone and Telegraph in 1920. [5] ITT continued to grow before appointing Harold Geneen as CEO in 1959. Until his ...
The International Bell Telephone Company (IBTC) of Brussels, Belgium, was created in 1879 by the Bell Telephone Company of Boston, Massachusetts, a precursor entity to the American Telephone and Telegraph Company (AT&T), initially to sell imported telephones and switchboards in Continental Europe.
Pages for logged out editors learn more. Contributions; Talk; International Telephone and Telegraph Corporation
AT&T Corporation, an abbreviation for its former name, the American Telephone and Telegraph Company, was an American telecommunications company that provided voice, video, data, and Internet telecommunications and professional services to businesses, consumers, and government agencies.