IT&T-Hartford

ITT Corporation (<a href="http://en.wikipedia.org/wiki/New_York_Stock_Exchange" title="New York Stock Exchange">NYSE</a>: <a href="http://www.nyse.com/about/listed/quickquote.html?ticker=itt" class="external text" rel="nofollow">ITT</a>) is a global diversified manufacturing company with 2008 revenues of $11.7 billion. ITT participates in global markets including water and fluids management, defense and security, and motion and flow control. Forbes.com named ITT Corporation to its list of <a href="http://www.forbes.com/2008/12/22/best-big-companies-biz-cz_sd_bigcompanies08_1222land.html" class="external text" rel="nofollow">"America's Best Managed Companies" for 2008</a>, and awarded the company the top spot in the conglomerates category.

ITT's water business is the world's largest supplier of pumps and systems to transport, treat and control water, and other fluids. The company's defense electronics and services business is one of the ten largest US defense contractors providing defense and security systems, advanced technologies and operational services for military and civilian customers. ITT's motion and flow control business manufactures specialty components for aerospace, transportation and industrial markets.

In 2008, ITT was named to the <a href="http://en.wikipedia.org/w/index.php?title=Dow_Jones_Sustainability_World_Index&action=edit&redlink=1" class="new" title="Dow Jones Sustainability World Index (page does not exist)">Dow Jones Sustainability World Index</a> (DJSI World) for the tenth time in recognition of the company's economic, environmental and social performance. ITT is one of the few companies to be included on the list every year since its inception in 1999.

The company was founded in 1920 as International Telephone & Telegraph. During the 1960s and 1970s, under the leadership of its CEO <a href="http://en.wikipedia.org/wiki/Harold_Geneen" title="Harold Geneen">Harold Geneen</a> the company rose to prominence as the archetypal <a href="http://en.wikipedia.org/wiki/Conglomerate%28company%29" title="Conglomerate (company)">conglomerate</a>, deriving its growth from hundreds of acquisitions in diversified industries. ITT divested its telecommunications assets in 1986, and in 1995 spun off its non-manufacturing divisions, later to be purchased by <a href="http://en.wikipedia.org/wiki/Starwood_Hotels%26_Resorts_Worldwide" title="Starwood Hotels & Resorts Worldwide">Starwood Hotels & Resorts Worldwide</a>.

In 1996, the company became ITT Industries, Inc., but changed its name back to ITT Corporation in 2006.

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<h2>Contents</h2>

[<a href="http://en.wikipedia.org/wiki/ITT_Corporation#" class="internal" id="togglelink">hide</a>]</div>

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<li class="toclevel-1 tocsection-1"><a href="http://en.wikipedia.org/wiki/ITT_Corporation#Customers_and_Programs">1 Customers and Programs</a>

<ul>

<li class="toclevel-2 tocsection-2"><a href="http://en.wikipedia.org/wiki/ITT_Corporation#Federal_Aviation_Administration_NextGen">1.1 Federal Aviation Administration NextGen</a></li>

<li class="toclevel-2 tocsection-3"><a href="http://en.wikipedia.org/wiki/ITT_Corporation#GeoEye-1">1.2 GeoEye-1</a></li>

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<li class="toclevel-1 tocsection-4"><a href="http://en.wikipedia.org/wiki/ITT_Corporation#History">2 History</a>

<ul>

<li class="toclevel-2 tocsection-5"><a href="http://en.wikipedia.org/wiki/ITT_Corporation#Nazi_involvement">2.1 Nazi involvement</a></li>

<li class="toclevel-2 tocsection-6"><a href="http://en.wikipedia.org/wiki/ITT_Corporation#Post-war_acquisitions">2.2 Post-war acquisitions</a></li>

<li class="toclevel-2 tocsection-7"><a href="http://en.wikipedia.org/wiki/ITT_Corporation#International_telecommunications">2.3 International telecommunications</a></li>

<li class="toclevel-2 tocsection-8"><a href="http://en.wikipedia.org/wiki/ITT_Corporation#Harold_Geneen_appointment">2.4 Harold Geneen appointment</a></li>

<li class="toclevel-2 tocsection-9"><a href="http://en.wikipedia.org/wiki/ITT_Corporation#Involvement_in_1973_Pinochet_coup_in_Chile">2.5 Involvement in 1973 Pinochet coup in Chile</a></li>

<li class="toclevel-2 tocsection-10"><a href="http://en.wikipedia.org/wiki/ITT_Corporation#Breakup">2.6 Breakup</a></li>

<li class="toclevel-2 tocsection-11"><a href="http://en.wikipedia.org/wiki/ITT_Corporation#Criminal_prosecution">2.7 Criminal prosecution</a></li>

<li class="toclevel-2 tocsection-12"><a href="http://en.wikipedia.org/wiki/ITT_Corporation#Purchase_of_International_Motion_Control_.28IMC.29">2.8 Purchase of International Motion Control (IMC)</a></li>

<li class="toclevel-2 tocsection-13"><a href="http://en.wikipedia.org/wiki/ITT_Corporation#Purchase_of_EDO">2.9 Purchase of EDO</a></li>

<li class="toclevel-2 tocsection-14"><a href="http://en.wikipedia.org/wiki/ITT_Corporation#Purchase_of_Laing">2.10 Purchase of Laing</a></li>

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<li class="toclevel-1 tocsection-15"><a href="http://en.wikipedia.org/wiki/ITT_Corporation#Headquarters">3 Headquarters</a></li>

<li class="toclevel-1 tocsection-17"><a href="http://en.wikipedia.org/wiki/ITT_Corporation#References">5 References</a>

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<li class="toclevel-2 tocsection-18"><a href="http://en.wikipedia.org/wiki/ITT_Corporation#Further_reading">5.1 Further reading</a></li>

<li class="toclevel-2 tocsection-19"><a href="http://en.wikipedia.org/wiki/ITT_Corporation#Notes">5.2 Notes</a></li>

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<li class="toclevel-1 tocsection-20"><a href="http://en.wikipedia.org/wiki/ITT_Corporation#External_links">6 External links</a></li>

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<h2>[<a href="http://en.wikipedia.org/w/index.php?title=ITT_Corporation&action=edit&section=1" title="Edit section: Customers and Programs">edit</a>] Customers and Programs</h2>

<h3>[<a href="http://en.wikipedia.org/w/index.php?title=ITT_Corporation&action=edit&section=2" title="Edit section: Federal Aviation Administration NextGen">edit</a>] Federal Aviation Administration NextGen</h3>

In 2007, ITT was awarded a $207 million initial contract by the Federal Aviation Administration (FAA) to lead a team to develop and deploy the <a href="http://en.wikipedia.org/wiki/Automatic_dependent_surveillance-broadcast" title="Automatic dependent surveillance-broadcast">Automatic Dependent Surveillance – Broadcast</a> (ADS-B) system. ADS-B is a key component of the <a href="http://www.wired.com/science/discoveries/news/2007/10/faa" class="external text" rel="nofollow">FAA's NextGen air traffic control modernization program</a> intended to increase safety and efficiency to meet the growing needs of air transportation. ITT is responsible for overall system integration and engineering and under contract options will operate and maintain the system after deployment through September 2025. The ITT team includes its partners AT&T, Thales North America, WSI, SAIC, PriceWaterhouseCoopers, Aerospace Engineering, Sunhillo, Comsearch, MCS of Tampa, Pragmatics, Washington Consulting Group, Aviation Communications and Surveillance Systems (ACSS), Sandia Aerospace and NCR Corporation.

<h3>[<a href="http://en.wikipedia.org/w/index.php?title=ITT_Corporation&action=edit&section=3" title="Edit section: GeoEye-1">edit</a>] GeoEye-1</h3>

<div class="rellink relarticle mainarticle">Main article: <a href="http://en.wikipedia.org/wiki/GeoEye-1" title="GeoEye-1">GeoEye-1</a></div>

On September 6, 2008, the ITT-build imaging payload was launched aboard the GeoEye-1 satellite to provide high-resolution earth imaging. The satellite has the ability to collect images at 0.41-meter panchromatic (black and white) and 1.65-meter multispectral (color) resolution. GeoEye-1 can precisely locate an object to within three meters of its true location on the Earth's surface. The satellite will also be able to collect up to 700,000 square kilometers of panchromatic imagery per day.

<h2>[<a href="http://en.wikipedia.org/w/index.php?title=ITT_Corporation&action=edit&section=4" title="Edit section: History">edit</a>] History</h2>

ITT was formed in 1920, created from the <a href="http://en.wikipedia.org/wiki/Puerto_Rico_Telephone_Company" title="Puerto Rico Telephone Company" class="mw-redirect">Puerto Rico Telephone Company</a> co-founded by <a href="http://en.wikipedia.org/wiki/Sosthenes_Behn" title="Sosthenes Behn">Sosthenes Behn</a>.<a href="http://en.wikipedia.org/wiki/ITT_Corporation#cite_note-0">[1]</a> Its first major expansion was in 1923 when it consolidated the Spanish Telecoms market into what is now <a href="http://en.wikipedia.org/wiki/Telef%C3%B3nica" title="Telefónica">Telefónica</a>.<a href="http://en.wikipedia.org/wiki/ITT_Corporation#cite_note-sampson-1">[2]</a> From 1922 to 1925 it purchased a number of European telephone companies. In 1925 it purchased the <a href="http://en.wikipedia.org/wiki/Bell_Telephone_Manufacturing_Company" title="Bell Telephone Manufacturing Company" class="mw-redirect">Bell Telephone Manufacturing Company</a> of Brussels, Belgium, which was formerly affiliated with <a href="http://en.wikipedia.org/wiki/AT%26T" title="AT&T">AT&T</a>, and manufactured <a href="http://en.wikipedia.org/wiki/Rotary_system" title="Rotary system">rotary system</a> switching equipment. In the 1930s, ITT grew through purchasing German electronic companies <a href="http://en.wikipedia.org/w/index.php?title=Standard_Elektrizitaetsgesellschaft&action=edit&redlink=1" class="new" title="Standard Elektrizitaetsgesellschaft (page does not exist)">Standard Elektrizitaetsgesellschaft</a> (SEG) and <a href="http://en.wikipedia.org/wiki/Mix%26_Genest" title="Mix & Genest">Mix & Genest</a>, both of which were internationally active companies. Its only serious rival was the <a href="http://en.wikipedia.org/wiki/Theodore_Gary%26_Company" title="Theodore Gary & Company">Theodore Gary & Company</a> conglomerate, which operated a subsidiary, Associated Telephone and Telegraph, with manufacturing plants in Europe.

In the United States, ITT acquired the various companies of the <a href="http://en.wikipedia.org/wiki/John_William_Mackay" title="John William Mackay">Mackay Companies</a> in 1928 through a specially organized subsidiary corporation, <a href="http://en.wikipedia.org/w/index.php?title=Postal_Telegraph_%26_Cable_Corporation&action=edit&redlink=1" class="new" title="Postal Telegraph & Cable Corporation (page does not exist)">Postal Telegraph & Cable</a>. These companies included the <a href="http://en.wikipedia.org/wiki/Commercial_Cable_Company" title="Commercial Cable Company">Commercial Cable Company</a>, the <a href="http://en.wikipedia.org/wiki/Commercial_Pacific_Cable_Company" title="Commercial Pacific Cable Company">Commercial Pacific Cable Company</a>, <a href="http://en.wikipedia.org/w/index.php?title=Postal_Telegraph&action=edit&redlink=1" class="new" title="Postal Telegraph (page does not exist)">Postal Telegraph</a>, and the <a href="http://en.wikipedia.org/wiki/Federal_Telegraph_Company" title="Federal Telegraph Company">Federal Telegraph Company</a>.

75 Broad Street, Manhattan, former headquarters of ITT</div>

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detail of door</div>

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<h3>[<a href="http://en.wikipedia.org/w/index.php?title=ITT_Corporation&action=edit&section=5" title="Edit section: Nazi involvement">edit</a>] Nazi involvement</h3>

According to Anthony Sampson's book <a href="http://en.wikipedia.org/wiki/The_Sovereign_State_of_ITT" title="The Sovereign State of ITT" class="mw-redirect">The Sovereign State of ITT</a>, one of the first American businessmen Hitler received after taking power in 1933 was <a href="http://en.wikipedia.org/wiki/Sosthenes_Behn" title="Sosthenes Behn">Sosthenes Behn</a>, then the CEO of ITT, and his German representative, Henry Mann.<a href="http://en.wikipedia.org/wiki/ITT_Corporation#cite_note-sampson-1">[2]</a> <a href="http://en.wikipedia.org/wiki/Antony_C._Sutton" title="Antony C. Sutton">Antony C. Sutton</a>, in his book Wall Street and the Rise of Hitler, makes the claim that ITT subsidiaries made cash payments to <a href="http://en.wikipedia.org/wiki/Schutzstaffel" title="Schutzstaffel">SS</a> leader <a href="http://en.wikipedia.org/wiki/Heinrich_Himmler" title="Heinrich Himmler">Heinrich Himmler</a>.

ITT, through its subsidiary The Lorenz Company, owned 25% of <a href="http://en.wikipedia.org/wiki/Focke-Wulf" title="Focke-Wulf">Focke-Wulf</a>, the German aircraft manufacturer, builder of some of the most successful <a href="http://en.wikipedia.org/wiki/Luftwaffe#Interwar_period" title="Luftwaffe">Luftwaffe</a> <a href="http://en.wikipedia.org/wiki/Fighter_aircraft" title="Fighter aircraft">fighter aircraft</a>. In the 1960s, ITT Corporation won $27 million in compensation for damage inflicted on its share of the Focke-Wulf plant by WWII Allied bombing.<a href="http://en.wikipedia.org/wiki/ITT_Corporation#cite_note-sampson-1">[2]</a> In addition, Sutton’s book uncovers that ITT owned Huth and Company, G.m.b.H. of <a href="http://en.wikipedia.org/wiki/Berlin" title="Berlin">Berlin</a>, which made <a href="http://en.wikipedia.org/wiki/Radio" title="Radio">radio</a> and <a href="http://en.wikipedia.org/wiki/Radar" title="Radar">radar</a> parts that were used in equipment going to the <a href="http://en.wikipedia.org/wiki/Wehrmacht" title="Wehrmacht">Wehrmacht</a>.

<h3>[<a href="http://en.wikipedia.org/w/index.php?title=ITT_Corporation&action=edit&section=6" title="Edit section: Post-war acquisitions">edit</a>] Post-war acquisitions</h3>

In 1951, ITT purchased <a href="http://en.wikipedia.org/wiki/Philo_Farnsworth" title="Philo Farnsworth">Philo Farnsworth</a>'s <a href="http://en.wikipedia.org/wiki/Television" title="Television">television</a> company to break into that market. At the time Farnsworth was also developing the <a href="http://en.wikipedia.org/wiki/Fusor" title="Fusor">Fusor</a> <a href="http://en.wikipedia.org/wiki/Fusion" title="Fusion">fusion reactor</a>. Also in 1951, ITT bought a majority interest in the <a href="http://en.wikipedia.org/wiki/Kellogg_Switchboard_%26_Supply_Company" title="Kellogg Switchboard & Supply Company">Kellogg Switchboard & Supply Company</a>, founded in 1897 as a pioneer in "divided-multiple" <a href="http://en.wikipedia.org/wiki/Telephone_switchboard" title="Telephone switchboard">telephone switchboards</a>, and bought the remaining shares the next year. ITT changed the company's name to ITT Kellogg. After merging <a href="http://en.wikipedia.org/wiki/Federal_Telegraph_Company" title="Federal Telegraph Company">Federal Telephone and Radio Corporation</a> into ITT Kellogg and combining manufacturing operations the name was again changed to ITT Telecommunications. One prominent subsidiary of this was the <a href="http://en.wikipedia.org/wiki/American_Cable_and_Radio_Corporation" title="American Cable and Radio Corporation">American Cable and Radio Corporation</a>, which operated the transatlantic cables of the <a href="http://en.wikipedia.org/wiki/Commercial_Cable_Company" title="Commercial Cable Company">Commercial Cable Company</a>, among other ventures.

<h3>[<a href="http://en.wikipedia.org/w/index.php?title=ITT_Corporation&action=edit&section=7" title="Edit section: International telecommunications">edit</a>] International telecommunications</h3>

International telecommunications manufacturing subsidiaries included <a href="http://en.wikipedia.org/wiki/Standard_Telephones_and_Cables" title="Standard Telephones and Cables">STC</a> in Australia and Britain, <a href="http://en.wikipedia.org/w/index.php?title=Standard_Elektrik_Lorenz&action=edit&redlink=1" class="new" title="Standard Elektrik Lorenz (page does not exist)">SEL</a> in Germany, <a href="http://en.wikipedia.org/wiki/Bell_Telephone_Manufacturing_Company" title="Bell Telephone Manufacturing Company" class="mw-redirect">BTM</a> in Belgium, and CGCT and LMT in France. <a href="http://en.wikipedia.org/wiki/Alec_Reeves" title="Alec Reeves">Alec Reeves</a> invented <a href="http://en.wikipedia.org/wiki/Pulse-code_modulation" title="Pulse-code modulation">Pulse-code modulation</a> (PCM), upon which future digital voice communication was based. These companies manufactured equipment according to ITT designs including the (1960s) Pentaconta <a href="http://en.wikipedia.org/wiki/Crossbar_switch" title="Crossbar switch">crossbar switch</a> and (1970s) Metaconta D, L and 10c <a href="http://en.wikipedia.org/wiki/Stored_Program_Control_exchange" title="Stored Program Control exchange">Stored Program Control exchanges</a>, mostly for sale to their respective national telephone administrations. This equipment was also produced under license in <a href="http://en.wikipedia.org/wiki/Poznan" title="Poznan" class="mw-redirect">Poznan</a> (Poland), and in <a href="http://en.wikipedia.org/wiki/Yugoslavia" title="Yugoslavia">Yugoslavia</a>, and elsewhere. ITT was the largest owner of the LM <a href="http://en.wikipedia.org/wiki/Ericsson" title="Ericsson">Ericsson</a> company in Sweden but sold out in 1960.

<h3>[<a href="http://en.wikipedia.org/w/index.php?title=ITT_Corporation&action=edit&section=8" title="Edit section: Harold Geneen appointment">edit</a>] Harold Geneen appointment</h3>

In 1959, <a href="http://en.wikipedia.org/wiki/Harold_Geneen" title="Harold Geneen">Harold Geneen</a> became <a href="http://en.wikipedia.org/wiki/CEO" title="CEO" class="mw-redirect">CEO</a>. Using <a href="http://en.wikipedia.org/wiki/Leveraged_buyout" title="Leveraged buyout">leveraged buyouts</a>, he turned the minor building of the 1950s into a major force during the 1960s. In 1963, ITT attempted to purchase the <a href="http://en.wikipedia.org/wiki/American_Broadcasting_Company" title="American Broadcasting Company">ABC</a> television network for $700 million. The deal was halted by federal <a href="http://en.wikipedia.org/wiki/Antitrust" title="Antitrust" class="mw-redirect">antitrust</a> regulators who feared ITT was growing too large. In order to continue growing while not running afoul of antitrust legislation, it moved to acquire companies outside of the telecommunications industry. Under Geneen, ITT bought over 300 companies in the 1960s, including some <a href="http://en.wikipedia.org/wiki/Hostile_takeover" title="Hostile takeover" class="mw-redirect">hostile takeovers</a>. The deals included well-known businesses like the <a href="http://en.wikipedia.org/wiki/Sheraton_Hotels_and_Resorts" title="Sheraton Hotels and Resorts">Sheraton Hotel chain</a>, <a href="http://en.wikipedia.org/wiki/Wonder_Bread" title="Wonder Bread">Wonder Bread</a> maker <a href="http://en.wikipedia.org/wiki/Continental_Baking_Company" title="Continental Baking Company" class="mw-redirect">Continental Baking</a>, <a href="http://en.wikipedia.org/wiki/The_Hartford" title="The Hartford">The Hartford</a> insurance company, and <a href="http://en.wikipedia.org/wiki/Avis_Rent_A_Car_System_Inc." title="Avis Rent A Car System Inc." class="mw-redirect">Avis Rent-a-Car</a>. ITT also absorbed smaller operations in auto parts, energy, books, semiconductors and cosmetics. In 1966, ITT acquired Educational Services, Inc., an operator of for-profit schools, which became <a href="http://en.wikipedia.org/wiki/ITT_Technical_Institute" title="ITT Technical Institute">ITT/ESI</a>.

ITT's sales grew from about $700 million in 1960 to about $8 billion in 1970, and its profit from $29 million to $550 million. However, when the higher interest rates started eating away at profits in the late 1960s, ITT's growth slowed considerably.

In the late 1960s, the British electronics manufacturer <a href="http://en.wikipedia.org/wiki/Kolster-Brandes" title="Kolster-Brandes">Kolster-Brandes</a>, KB for short, had run into trouble with its color television manufacturing, and turned to ITT for help; ITT bought out the company, and for a while, UK products were badged "ITT KB" then eventually just ITT. By the late 1970s, ITT had a good presence on the UK domestic electrical market in television, audio and portable radio products.

<h3>[<a href="http://en.wikipedia.org/w/index.php?title=ITT_Corporation&action=edit&section=9" title="Edit section: Involvement in 1973 Pinochet coup in Chile">edit</a>] Involvement in 1973 Pinochet coup in Chile</h3>

In 1970, ITT owned of 70% of <a href="http://en.wikipedia.org/w/index.php?title=Chitelco&action=edit&redlink=1" class="new" title="Chitelco (page does not exist)">Chitelco</a>, the Chilean Telephone Company, and funded <a href="http://en.wikipedia.org/wiki/El_Mercurio" title="El Mercurio">El Mercurio</a>, a Chilean <a href="http://en.wikipedia.org/wiki/Right-wing_politics" title="Right-wing politics">right-wing</a> newspaper. Declassified documents released by the <a href="http://en.wikipedia.org/wiki/CIA" title="CIA" class="mw-redirect">CIA</a> in 2000 suggest that ITT financially helped opponents of <a href="http://en.wikipedia.org/wiki/Salvador_Allende" title="Salvador Allende">Salvador Allende</a>'s government prepare a <a href="http://en.wikipedia.org/wiki/Military_coup" title="Military coup" class="mw-redirect">military coup</a>.<a href="http://en.wikipedia.org/wiki/ITT_Corporation#cite_note-2">[3]</a><a href="http://en.wikipedia.org/wiki/ITT_Corporation#cite_note-3">[4]</a> On September 28, 1973, ITT's headquarters in <a href="http://en.wikipedia.org/wiki/New_York_City,_New_York" title="New York City, New York" class="mw-redirect">New York City, New York</a>, was bombed by protesters for alleged involvement in the <a href="http://en.wikipedia.org/wiki/1973_Chilean_coup_d%27%C3%A9tat" title="1973 Chilean coup d'état">September 11th</a> overthrow of the democratically elected and emerging socialist government in <a href="http://en.wikipedia.org/wiki/Chile" title="Chile">Chile</a>.<a href="http://en.wikipedia.org/wiki/ITT_Corporation#cite_note-4">[5]</a>

In 1972, newspaper columnist <a href="http://en.wikipedia.org/wiki/Jack_Anderson_%28columnist%29" title="Jack Anderson (columnist)">Jack Anderson</a> disclosed a memo of ITT's Washington lobbyist, <a href="http://en.wikipedia.org/w/index.php?title=Dita_Beard&action=edit&redlink=1" class="new" title="Dita Beard (page does not exist)">Dita Beard</a>, which revealed a relationship between ITT's providing funds for the <a href="http://en.wikipedia.org/wiki/Republican_National_Convention" title="Republican National Convention">Republican National Convention</a> and a <a href="http://en.wikipedia.org/wiki/United_States_Department_of_Justice" title="United States Department of Justice">Justice Department</a> settlement of an antitrust suit favorable to ITT.<a href="http://en.wikipedia.org/wiki/ITT_Corporation#cite_note-5">[6]</a>

Geneen remained CEO of ITT until 1977 while many conglomerates had removed their CEOs due to lack of profits. His successor, <a href="http://en.wikipedia.org/wiki/Rand_Araskog" title="Rand Araskog">Rand Araskog</a>, dismantled much of ITT, selling most of its holdings, including the last of ITT's telecommunications businesses.[<a href="http://en.wikipedia.org/wiki/Wikipedia:Citation_needed" title="Wikipedia:Citation needed">citation needed</a>]

The business historian <a href="http://en.wikipedia.org/wiki/Robert_Sobel" title="Robert Sobel">Robert Sobel</a> published ITT: The Management of Opportunity in 1982.

The song "International Thief Thief" by <a href="http://en.wikipedia.org/wiki/Fela_Kuti" title="Fela Kuti">Fela Kuti</a> documents the alleged corruption and meddling of the company in Nigerian politics.<a href="http://www.songmeanings.net/songs/view/3530822107858727854/" class="external text" rel="nofollow">[11]</a>

<h3>[<a href="http://en.wikipedia.org/w/index.php?title=ITT_Corporation&action=edit&section=10" title="Edit section: Breakup">edit</a>] Breakup</h3>

In 1989 ITT sold its international telecommunications product businesses to Alcatel, now <a href="http://en.wikipedia.org/wiki/Alcatel-Lucent" title="Alcatel-Lucent">Alcatel-Lucent</a>. ITT Kellogg was also part of the 1989 sale to Alcatel. The company was then sold to private investors in the U.S. and went by the name Cortelco Kellogg. Today the company is known as <a href="http://en.wikipedia.org/wiki/Cortelco" title="Cortelco" class="mw-redirect">Cortelco</a> (Corinth Telecommunications Corporation, named for <a href="http://en.wikipedia.org/wiki/Corinth,_MS" title="Corinth, MS" class="mw-redirect">Corinth, MS</a> headquarters). <a href="http://en.wikipedia.org/wiki/ITT_Technical_Institute" title="ITT Technical Institute">ITT Educational Services, Inc.</a> (ESI) was spun off through an <a href="http://en.wikipedia.org/wiki/IPO" title="IPO" class="mw-redirect">IPO</a> in 1994, with ITT as an 83% shareholder. ITT merged its long distance division with <a href="http://en.wikipedia.org/wiki/Metromedia" title="Metromedia">Metromedia</a> Long Distance, creating Metromedia-ITT. Metromedia-ITT would eventually be acquired by Long Distance Discount Services, Inc. (LDDS) in 1993. LDDS would later change its name to <a href="http://en.wikipedia.org/wiki/MCI_Inc." title="MCI Inc.">Worldcom</a> in 1995.

In 1995, ITT Corporation split into 3 separate public companies:

<ul>

<li>ITT Corp. — In 1997, ITT Corp. completed a merger with <a href="http://en.wikipedia.org/wiki/Starwood_Hotels_%26_Resorts_Worldwide" title="Starwood Hotels & Resorts Worldwide">Starwood Hotels & Resorts Worldwide</a>, selling off its non-hotel and resorts business. By 1999, ITT completely divested from ITT/ESI; however, the schools still operate as <a href="http://en.wikipedia.org/wiki/ITT_Technical_Institute" title="ITT Technical Institute">ITT Technical Institute</a> using the ITT name under license.<a href="http://www.ittesi.com/ireye/ir_site.zhtml?ticker=ESI&script=1801" class="external autonumber" rel="nofollow">[1]</a> Also in 1999, ITT Corp. dropped the ITT name in favor of Starwood.<a href="http://en.wikipedia.org/wiki/ITT_Corporation#cite_note-6">[7]</a></li>

<li>ITT Hartford (insurance) — Today ITT Hartford is still a major insurance company although it has dropped the ITT from its name altogether. The company is now known as <a href="http://en.wikipedia.org/wiki/The_Hartford" title="The Hartford">The Hartford Financial Services Group, Inc.</a></li>

<li>ITT Industries — ITT operated under this name until 2006 and is a major manufacturing and <a href="http://en.wikipedia.org/wiki/Defense_contractor" title="Defense contractor">defense contractor</a> business.

<ul>

<li>On July 1, 2006, ITT Industries changed its name to ITT Corporation as a result of its shareholders vote on May 9, 2006.</li>

</ul>

</li>

</ul>

<h3>[<a href="http://en.wikipedia.org/w/index.php?title=ITT_Corporation&action=edit&section=11" title="Edit section: Criminal prosecution">edit</a>] Criminal prosecution</h3>

In March 2007, ITT Corporation became the first major defense contractor to be convicted for <a href="http://en.wikipedia.org/wiki/Corporate_crime" title="Corporate crime">criminal violations</a> of the U.S. <a href="http://en.wikipedia.org/wiki/Arms_Export_Control_Act" title="Arms Export Control Act">Arms Export Control Act</a>. The fines resulted from ITT's <a href="http://en.wikipedia.org/wiki/Outsourcing" title="Outsourcing">outsourcing</a> program, in which they transferred <a href="http://en.wikipedia.org/wiki/Night_vision_goggles" title="Night vision goggles" class="mw-redirect">night vision goggles</a> and <a href="http://en.wikipedia.org/wiki/Classified_information" title="Classified information">classified information</a> about <a href="http://en.wikipedia.org/wiki/Countermeasure" title="Countermeasure">countermeasures</a> against <a href="http://en.wikipedia.org/wiki/Laser_weapon" title="Laser weapon" class="mw-redirect">laser weapons</a>, including light interference filters to engineers in <a href="http://en.wikipedia.org/wiki/Singapore" title="Singapore">Singapore</a>, the <a href="http://en.wikipedia.org/wiki/People%27s_Republic_of_China" title="People's Republic of China">People's Republic of China</a>, and the <a href="http://en.wikipedia.org/wiki/United_Kingdom" title="United Kingdom">United Kingdom</a>.<a href="http://en.wikipedia.org/wiki/ITT_Corporation#cite_note-7">[8]</a> They were fined US$100 million although they were also given the option of spending half of that sum on <a href="http://en.wikipedia.org/wiki/Research_and_development" title="Research and development">research and development</a> of new night vision technology. The United States government will assume rights to the resulting intellectual property.<a href="http://en.wikipedia.org/wiki/ITT_Corporation#cite_note-8">[9]</a><a href="http://en.wikipedia.org/wiki/ITT_Corporation#cite_note-9">[10]</a>

In its investigation and subsequent ruling the <a href="http://en.wikipedia.org/wiki/United_States_Department_of_Justice" title="United States Department of Justice">United States Department of Justice</a> found that the corporation went to significant lengths to circumvent rules regarding the exports including setting up a <a href="http://en.wikipedia.org/wiki/Front_company" title="Front company" class="mw-redirect">front company</a>. According to <a href="http://en.wikipedia.org/wiki/U.S.Attorney" title="U.S. Attorney" class="mw-redirect">U.S. Attorney</a> <a href="http://en.wikipedia.org/wiki/John_L.Brownlee" title="John L. Brownlee">John L. Brownlee</a>, the company fought the investigation in order "to essentially run out the clock on the statute of limitations." <a href="http://en.wikipedia.org/wiki/ITT_Corporation#cite_note-10">[11]</a>

<h3>[<a href="http://en.wikipedia.org/w/index.php?title=ITT_Corporation&action=edit&section=12" title="Edit section: Purchase of International Motion Control (IMC)">edit</a>] Purchase of International Motion Control (IMC)</h3>

An agreement was reached in June 26, 2007 for ITT to acquire privately held International Motion Control (IMC) for $395 million. The deal was closed and finalized in September 2007.

<h3>[<a href="http://en.wikipedia.org/w/index.php?title=ITT_Corporation&action=edit&section=13" title="Edit section: Purchase of EDO">edit</a>] Purchase of EDO</h3>

An agreement was reached September 18, 2007 for ITT to buy <a href="http://en.wikipedia.org/wiki/EDO_Corporation" title="EDO Corporation">EDO Corporation</a> for $1.7 billion.<a href="http://en.wikipedia.org/wiki/ITT_Corporation#cite_note-11">[12]</a> After EDO shareholders' approval, the deal was closed and finalized on December 20, 2007.

<h3>[<a href="http://en.wikipedia.org/w/index.php?title=ITT_Corporation&action=edit&section=14" title="Edit section: Purchase of Laing">edit</a>] Purchase of Laing</h3>

On April 16, 2009, ITT announced it has signed a definitive agreement to acquire Laing GmbH of Germany, a privately held leading producer of energy-efficient circulator pumps primarily used in residential and commercial plumbing and heating, ventilating and air conditioning (HVAC) systems.

<h2>[<a href="http://en.wikipedia.org/w/index.php?title=ITT_Corporation&action=edit&section=15" title="Edit section: Headquarters">edit</a>] Headquarters</h2>

1330 Avenue of the Americas in Manhattan, New York City, which was ITT's corporate headquarters prior to its merger with Starwood Hotels & Resorts, was originally owned by the <a href="http://en.wikipedia.org/wiki/American_Broadcasting_Company" title="American Broadcasting Company">ABC Television Network</a>, which ITT attempted to acquire in 1963. After a financial downturn, ABC moved out of the building known as "Brown Rock" and sold it to a Japanese conglomerate which then in turn leased a good portion out to ITT Corporation.

<ul>

<li><a href="http://en.wikipedia.org/wiki/ITT_Visual_Information_Solutions" title="ITT Visual Information Solutions">ITT Visual Information Solutions</a></li>

<li><a href="http://en.wikipedia.org/wiki/ITT_Avionics" title="ITT Avionics">ITT Avionics</a></li>

</ul>

<h2>[<a href="http://en.wikipedia.org/w/index.php?title=ITT_Corporation&action=edit&section=17" title="Edit section: References">edit</a>] References</h2>

<h3>[<a href="http://en.wikipedia.org/w/index.php?title=ITT_Corporation&action=edit&section=18" title="Edit section: Further reading">edit</a>] Further reading</h3>

<ul>

<li><a href="http://en.wikipedia.org/wiki/Sampson,_Anthony" title="Sampson, Anthony" class="mw-redirect">Sampson, Anthony</a> (1972). <a href="http://en.wikipedia.org/wiki/The_Sovereign_State" title="The Sovereign State">The Sovereign State</a>: The Secret History of ITT. London: <a href="http://en.wikipedia.org/wiki/Hodder_and_Stoughton" title="Hodder and Stoughton" class="mw-redirect">Hodder and Stoughton</a>. <a href="http://en.wikipedia.org/wiki/International_Standard_Book_Number" title="International Standard Book Number">ISBN</a> <a href="http://en.wikipedia.org/wiki/Special:BookSources/0-340-17195-2" title="Special:BookSources/0-340-17195-2">0-340-17195-2</a>.<span class="Z3988" title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=book&rft.btitle=%5B%5BThe+Sovereign+State%5D%5D%3A+The+Secret+History+of+ITT&rft.aulast=%5B%5BSampson%2C+Anthony%5D%5D&rft.au=%5B%5BSampson%2C+Anthony%5D%5D&rft.date=1972&rft.place=London&rft.pub=%5B%5BHodder+and+Stoughton%5D%5D&rft.isbn=0-340-17195-2&rfr_id=info:sid/en.wikipedia.org:ITT_Corporation"> </li>

<li><a href="http://en.wikipedia.org/wiki/Sobel,_Robert" title="Sobel, Robert" class="mw-redirect">Sobel, Robert</a> (1982). ITT: The Management of Opportunity. New York: Times Books. <a href="http://en.wikipedia.org/wiki/International_Standard_Book_Number" title="International Standard Book Number">ISBN</a> <a href="http://en.wikipedia.org/wiki/Special:BookSources/99925-2-968-7" title="Special:BookSources/99925-2-968-7">99925-2-968-7</a>.<span class="Z3988" title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=book&rft.btitle=ITT%3A+The+Management+of+Opportunity&rft.aulast=%5B%5BSobel%2C+Robert%5D%5D&rft.au=%5B%5BSobel%2C+Robert%5D%5D&rft.date=1982&rft.place=New+York&rft.pub=Times+Books&rft.isbn=99925-2-968-7&rfr_id=info:sid/en.wikipedia.org:ITT_Corporation"> </li>

<li><a href="http://en.wikipedia.org/wiki/Sutton,_Antony" title="Sutton, Antony" class="mw-redirect">Sutton, Antony</a> (1996). Wall Street & the Rise of Hitler. New York: Buccaneer Books. <a href="http://en.wikipedia.org/wiki/International_Standard_Book_Number" title="International Standard Book Number">ISBN</a> <a href="http://en.wikipedia.org/wiki/Special:BookSources/1-56849-726-1" title="Special:BookSources/1-56849-726-1">1-56849-726-1</a>.<span class="Z3988" title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=book&rft.btitle=Wall+Street+%26+the+Rise+of+Hitler&rft.aulast=%5B%5BSutton%2C+Antony%5D%5D&rft.au=%5B%5BSutton%2C+Antony%5D%5D&rft.date=1996&rft.place=New+York&rft.pub=Buccaneer+Books&rft.isbn=1-56849-726-1&rfr_id=info:sid/en.wikipedia.org:ITT_Corporation"> </li>

<li><a href="http://en.wikipedia.org/wiki/Sobel,_Robert" title="Sobel, Robert" class="mw-redirect">Sobel, Robert</a> (1999). The Rise and Fall of the Conglomerate Kings. New York: Beard Books. <a href="http://en.wikipedia.org/wiki/International_Standard_Book_Number" title="International Standard Book Number">ISBN</a> <a href="http://en.wikipedia.org/wiki/Special:BookSources/1-89312-247-6" title="Special:BookSources/1-89312-247-6">1-89312-247-6</a>.<span class="Z3988" title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=book&rft.btitle=The+Rise+and+Fall+of+the+Conglomerate+Kings&rft.aulast=%5B%5BSobel%2C+Robert%5D%5D&rft.au=%5B%5BSobel%2C+Robert%5D%5D&rft.date=1999&rft.place=New+York&rft.pub=Beard+Books&rft.isbn=1-89312-247-6&rfr_id=info:sid/en.wikipedia.org:ITT_Corporation"> </li>

<li><a href="http://en.wikipedia.org/wiki/Araskog,_Rand" title="Araskog, Rand" class="mw-redirect">Araskog, Rand</a> (2000). The ITT Wars: An Insider's View of Hostile Takeovers. New York: Beard Books. <a href="http://en.wikipedia.org/wiki/International_Standard_Book_Number" title="International Standard Book Number">ISBN</a> <a href="http://en.wikipedia.org/wiki/Special:BookSources/1-89312-238-7" title="Special:BookSources/1-89312-238-7">1-89312-238-7</a>.<span class="Z3988" title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=book&rft.btitle=The+ITT+Wars%3A+An+Insider%27s+View+of+Hostile+Takeovers&rft.aulast=%5B%5BAraskog%2C+Rand%5D%5D&rft.au=%5B%5BAraskog%2C+Rand%5D%5D&rft.date=2000&rft.place=New+York&rft.pub=Beard+Books&rft.isbn=1-89312-238-7&rfr_id=info:sid/en.wikipedia.org:ITT_Corporation"> </li>

<li><a href="http://en.wikipedia.org/wiki/Naomi_Klein" title="Naomi Klein">Klein, Naomi</a> (2007). The Shock Doctrine: The Rise of Disaster Capitalism. New York: Metropolitan Books. <a href="http://en.wikipedia.org/wiki/International_Standard_Book_Number" title="International Standard Book Number">ISBN</a> <a href="http://en.wikipedia.org/wiki/Special:BookSources/978-3-10-039611-2" title="Special:BookSources/978-3-10-039611-2">978-3-10-039611-2</a>.<span class="Z3988" title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=book&rft.btitle=The+Shock+Doctrine%3A+The+Rise+of+Disaster+Capitalism&rft.aulast=%5B%5BNaomi+Klein%7CKlein%2C+Naomi%5D%5D&rft.au=%5B%5BNaomi+Klein%7CKlein%2C+Naomi%5D%5D&rft.date=2007&rft.place=New+York&rft.pub=Metropolitan+Books&rft.isbn=978-3-10-039611-2&rfr_id=info:sid/en.wikipedia.org:ITT_Corporation"> </li>

</ul>

<h3>[<a href="http://en.wikipedia.org/w/index.php?title=ITT_Corporation&action=edit&section=19" title="Edit section: Notes">edit</a>] Notes</h3>

<li id="cite_note-0"><a href="http://en.wikipedia.org/wiki/ITT_Corporation#cite_ref-0">^{</a>} <a href="http://en.wikipedia.org/wiki/Puerto_Rico_Telephone_Company" title="Puerto Rico Telephone Company" class="mw-redirect">Puerto Rico Telephone Company</a></li>

<li id="cite_note-sampson-1">^ <a href="http://en.wikipedia.org/wiki/ITT_Corporation#cite_ref-sampson_1-0">a</a> <a href="http://en.wikipedia.org/wiki/ITT_Corporation#cite_ref-sampson_1-1">b</a> <a href="http://en.wikipedia.org/wiki/ITT_Corporation#cite_ref-sampson_1-2">c</a> Sampson,Anthony:The Sovereign State of ITT, Hodder and Stoughton, 1973, <a href="http://en.wikipedia.org/wiki/Special:BookSources/0340171952" class="internal mw-magiclink-isbn">ISBN 0-340-17195-2</a></li>

<li id="cite_note-2"><a href="http://en.wikipedia.org/wiki/ITT_Corporation#cite_ref-2">^{</a>} <a href="http://foia.state.gov/Reports/HincheyReport.asp#17" class="external free" rel="nofollow">http://foia.state.gov/Reports/HincheyReport.asp#17</a></li>

<li id="cite_note-3"><a href="http://en.wikipedia.org/wiki/ITT_Corporation#cite_ref-3">^{</a>} Stout, David (January 30, 2003). <a href="http://www.nytimes.com/2003/01/30/world/edward-korry-81-is-dead-falsely-tied-to-chile-coup.html?pagewanted=1" class="external text" rel="nofollow">"Edward Korry, 81, Is Dead; Falsely Tied to Chile Coup"</a>. The New York Times. <a href="http://www.nytimes.com/2003/01/30/world/edward-korry-81-is-dead-falsely-tied-to-chile-coup.html?pagewanted=1" class="external free" rel="nofollow">http://www.nytimes.com/2003/01/30/world/edward-korry-81-is-dead-falsely-tied-to-chile-coup.html?pagewanted=1</a>. Retrieved May 5, 2010.<span class="Z3988" title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.atitle=Edward+Korry%2C+81%2C+Is+Dead%3B+Falsely+Tied+to+Chile+Coup&rft.jtitle=The+New+York+Times&rft.aulast=Stout&rft.aufirst=David&rft.au=Stout%2C%26%2332%3BDavid&rft.date=January+30%2C+2003&rft_id=http%3A%2F%2Fwww.nytimes.com%2F2003%2F01%2F30%2Fworld%2Fedward-korry-81-is-dead-falsely-tied-to-chile-coup.html%3Fpagewanted%3D1&rfr_id=info:sid/en.wikipedia.org:ITT_Corporation"> </li>

<li id="cite_note-4"><a href="http://en.wikipedia.org/wiki/ITT_Corporation#cite_ref-4">^{</a>} Montgomery, Paul L. (September 29, 1973). <a href="http://select.nytimes.com/gst/abstract.html?res=FB0815FA3554137A93CBAB1782D85F478785F9" class="external text" rel="nofollow">"I.T.T. OFFICE HERE DAMAGED BY BOMB; Caller Linked Explosion at Latin-American Section to 'Crimes in Chile' I.T.T. Latin-American Office on Madison A ve. Damaged by Bomb Fire in Rome Office Bombing on the Coast Rally the Opponents"</a>. The New York Times. <a href="http://select.nytimes.com/gst/abstract.html?res=FB0815FA3554137A93CBAB1782D85F478785F9" class="external free" rel="nofollow">http://select.nytimes.com/gst/abstract.html?res=FB0815FA3554137A93CBAB1782D85F478785F9</a>. Retrieved May 5, 2010.<span class="Z3988" title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.atitle=I.T.T.+OFFICE+HERE+DAMAGED+BY+BOMB%3B+Caller+Linked+Explosion+at+Latin-American+Section+to+%27Crimes+in+Chile%27+I.T.T.+Latin-American+Office+on+Madison+A+ve.+Damaged+by+Bomb+Fire+in+Rome+Office+Bombing+on+the+Coast+Rally+the+Opponents&rft.jtitle=The+New+York+Times&rft.aulast=Montgomery&rft.aufirst=Paul+L.&rft.au=Montgomery%2C%26%2332%3BPaul+L.&rft.date=September+29%2C+1973&rft_id=http%3A%2F%2Fselect.nytimes.com%2Fgst%2Fabstract.html%3Fres%3DFB0815FA3554137A93CBAB1782D85F478785F9&rfr_id=info:sid/en.wikipedia.org:ITT_Corporation"> </li>

<li id="cite_note-5"><a href="http://en.wikipedia.org/wiki/ITT_Corporation#cite_ref-5">^{</a>} <a href="http://www.trivia-library.com/a/united-states-and-american-history-1972.htm" class="external text" rel="nofollow">United States and American History: 1972</a></li>

<li id="cite_note-6"><a href="http://en.wikipedia.org/wiki/ITT_Corporation#cite_ref-6">^{</a>} <a href="http://arbiter.wipo.int/domains/decisions/html/2001/d2001-0166.html" class="external text" rel="nofollow">WIPO website</a></li>

<li id="cite_note-7"><a href="http://en.wikipedia.org/wiki/ITT_Corporation#cite_ref-7">^{</a>} Sue Lindsey. <a href="http://biz.yahoo.com/ap/070327/itt_fine.html?.v=3" class="external text" rel="nofollow">"ITT Fined $100M for Illegal Tech Exports"</a>, <a href="http://en.wikipedia.org/wiki/Associated_Press" title="Associated Press">Associated Press</a>, March 27, 2007.</li>

<li id="cite_note-8"><a href="http://en.wikipedia.org/wiki/ITT_Corporation#cite_ref-8">^{</a>} Drew Cullen. <a href="http://www.theregister.co.uk/2007/03/27/itt_fined_for_illegal_exports/" class="external text" rel="nofollow">"ITT Fined for Illegal Exports"</a>, <a href="http://en.wikipedia.org/wiki/The_Register" title="The Register">The Register</a>, March 27, 2007.</li>

<li id="cite_note-9"><a href="http://en.wikipedia.org/wiki/ITT_Corporation#cite_ref-9">^{</a>} <a href="http://pmddtc.state.gov/compliance/consent_agreements/pdf/ITTcorp_ConsentAgreement.pdf" class="external text" rel="nofollow">"Consent Agreement, 2007: ITT Corporation"</a> <a href="http://en.wikipedia.org/wiki/U.S._State_Department" title="U.S. State Department" class="mw-redirect">U.S. State Department</a> website, 2007.</li>

<li id="cite_note-10"><a href="http://en.wikipedia.org/wiki/ITT_Corporation#cite_ref-10">^{</a>} <a href="http://money.cnn.com/2007/03/27/news/international/itt_export/index.htm?postversion=2007032713" class="external text" rel="nofollow">"ITT fined $100 million for illegal exports"</a>. CNN. March 27, 2007. <a href="http://money.cnn.com/2007/03/27/news/international/itt_export/index.htm?postversion=2007032713" class="external free" rel="nofollow">http://money.cnn.com/2007/03/27/news/international/itt_export/index.htm?postversion=2007032713</a>. Retrieved May 5, 2010.<span class="Z3988" title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.atitle=ITT+fined+%24100+million+for+illegal+exports&rft.jtitle=CNN&rft.date=March+27%2C+2007&rft_id=http%3A%2F%2Fmoney.cnn.com%2F2007%2F03%2F27%2Fnews%2Finternational%2Fitt_export%2Findex.htm%3Fpostversion%3D2007032713&rfr_id=info:sid/en.wikipedia.org:ITT_Corporation"> </li>

<li id="cite_note-11"><a href="http://en.wikipedia.org/wiki/ITT_Corporation#cite_ref-11">^{</a>} <a href="http://www.defenseindustrydaily.com/itt-corp-acquires-edo-in-17b-deal-03817/" class="external text" rel="nofollow">ITT Corp. Acquires EDO in $1.7B Deal</a></li>

</ol>

</div>

<h2>[<a href="http://en.wikipedia.org/w/index.php?title=ITT_Corporation&action=edit&section=20" title="Edit section: External links">edit</a>] External links</h2>

<ul>

<li><a href="http://www.itt.com" class="external text" rel="nofollow">ITT Corporation</a></li>

<li><a href="http://www.cortelco.com" class="external text" rel="nofollow">Cortelco</a></li>

<li><a href="http://reformed-theology.org/html/books/wall_street/chapter_05.htm" class="external text" rel="nofollow">Antony C. Sutton book Wall Street and the Rise of Hitler Chapter 5</a></li>

<li><a href="http://www.reformation.org/wall-st-ch5.html" class="external text" rel="nofollow">Nazi Involvement</a></li>

</ul>

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