The International Telephone and Telegraph Company and Chile, 1970-71; Report to the Committee on Foreign Relations, United States Senate. by the Subcommittee on Multinational Corporations

Washington, DC: U.S. Government Printing Office, 1973. Presumed first edition/first printing. Wraps. Good. Has some wear and soiling. Corners of some pages creased.. iii, 20 p.; 24 cm. At head of title: 93d Congress, 1st session. Committee print. At bottom left of title page is the number 95-794. From Wikipedia: "Harold "Hal" Sydney Geneen (January 22, 1910 November 21, 1997), was an American businessman most famous for serving as president of the ITT Corporation....From 1959 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 multinational conglomerate with $17 billion sales in 1970. He extended its interests from manufacturing of telegraph equipment into insurance, hotels, real estate management and other areas. Under Geneen's management, ITT became the archetypal modern multinational conglomerate. ITT grew primarily through a series of approximately 350 acquisitions and mergers in 80 countries. Some of the largest of these were Hartford Fire Insurance Company (1970) and Sheraton Hotels. ITT had many overseas interests. In Europe it had telephone subsidiaries in numerous countries. In Brazil, it owned the telephone company. Washington feared that president João Goulart would nationalize it. Geneen was friends with the Director of Central Intelligence John McCone. The CIA performed psyops against Goulart, performed character assassination, pumped money into opposition groups, and enlisted the help of the Agency for International Development and the AFL-CIO. The 1964 Brazilian coup d'etat exiled Goulart and the military dictatorship of Humberto de Alencar Castelo Branco took over. McCone went to work for ITT a few years later. The dictatorship lasted until 1985. ITT also had some $200 million-worth of investments in Chile. Under Geneen's leadership, ITT funneled $350, 000 to Allende's opponent, Jorge Alessandri. When Allende won the presidential election, ITT offered the CIA $1, 000, 000 to defeat Allende, though the offer was rejected. Declassified documents released by the CIA in 2000 suggest that ITT financially helped opponents of Salvador Allende's government prepare a military coup. On September 28, 1973, an ITT building in New York City, New York, was bombed by the Weather Underground for alleged involvement in the September 11th overthrow of the Allende government."