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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 ...
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On October 31, 2011, Xylem Inc. completed its spinoff from ITT Corporation, [18] and had 2011 revenues of $3.8 billion. [19] Goulds Water Technology is a brand of Xylem Inc. providing pumps for residential, commercial and agricultural applications and Goulds Pumps remains a part of ITT Corporation providing pump products for the industrial market.
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[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 ]