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The author portrays this giant telecommunications conglomerate "as an organizing principle and a force more than anything else," but one lacking cohesion. He traces the rise of the company through the leadership of the first three CEOs who shaped the company with their entrepreneurial skills, vision, and financial machinations. Written from the inside without being sponsored or subsidized by ITT, the book presents a candid view of the effects on ITT of the vicissitudes of the Depression, ITT's suspected financial dealings with the Germans during World War II, and the challenges posed by the electronic revolution.