International Telephone and Telegraph Corp. Issued to Goldman, Sachs and Co.- ITT - 1966 dated Utility Stock Certificate
Inv# TT1090A StockMaryland
New York
Telephone and Telegraph Stock printed by American Bank Note Company issued to Goldman, Sachs & Co. Male seated with rockets, radio, diagrams, etc.
ITT Inc., formerly known as ITT Corporation, is a global manufacturing company headquartered in White Plains, New York. The company specializes in producing components for the aerospace, transportation, energy, and industrial markets through its three main business segments: Industrial Process, Motion Technologies, and Connect and Control Technologies. With around 10,000 employees in over 35 countries, ITT serves customers in more than 100 countries. Its well-known brands include Goulds Pumps, Cannon connectors, KONI shock absorbers, and Enidine energy absorption components. ITT was originally founded as International Telephone & Telegraph in 1920.
The company was established by brothers Colonel Sosthenes Behn and Hernan Behn, who initially acquired the Puerto Rico Telephone Company in 1914, along with the Cuban-American Telephone and Telegraph Company and a stake in the Cuban Telephone Company. ITT's first significant expansion came in 1923 when it consolidated the Spanish telecom market into what is now Telefónica, followed by the purchase of several European telephone companies between 1922 and 1925. During the 1960s and 1970s, under CEO Harold Geneen, ITT became a leading conglomerate through a strategy of diversification and acquisitions across various industries. Since 2006, the ITT brand and logo have been licensed to the Kärcher Corporation, which operates independently from the ITT group.
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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