CORPORATIONS: ITT's Big Conglomerate of Troubles

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-One business manual lists 284 subsidiaries of ITT subsidiaries, but others are untabulated, and there are also subsidiaries of subsidiaries of subsidiaries, or sub-sub-subs. -Columnist Joseph Kraft nevertheless insisted last week that the Administration genuinely feared in the spring of 1971, when the economy and a number of overstretched Wall Street brokerage houses were in trouble, that an ITT-Hartford breakup would have hurt the economy badly enough to damage President Nixon's political stature.

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