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The Navy, claiming it was acting with the support of President Wilson, looked for an alternative that would result in an "all-American" company taking over the American Marconi assets. RCA's incorporation papers required that its officers needed to be U. citizens, with a majority of its stock held by Americans.
RCA retained most of the American Marconi staff, although Owen Young became the new company's head as the chairman of the board. Nally's term ended on December 31, 1922, and he was succeeded the next day by Major General James G. Harbord in turn resigned the presidency on January 3, 1930, replacing Owen D. He was succeeded, as RCA's third president, by David Sarnoff, who had been the company's general manager at its founding. At the company's recommendation, President Woodrow Wilson appointed Rear Admiral Bullard "to attend the stockholders' and director's meetings...
This concern was increased by the announcement in late 1918 of the formation of the Pan-American Wireless Telegraph and Telephone Company, a joint venture between American Marconi and the Federal Telegraph Company, with plans to set up service between the United States and South America.
As part of a worldwide expansion, in 1899 American Marconi was organized as a subsidiary company, holding the rights to the use the Marconi patents in the United States and Cuba.With the conclusion of the conflict, Congress turned down the Navy's efforts to have peacetime control of the radio industry, and instructed the Navy to make plans to return the commercial stations it controlled, including the ones it had improperly purchased, to the original owners.Due to national security considerations, the Navy was particularly concerned about returning the high-powered international stations to American Marconi, since a majority of its stock was in foreign hands, and the British already largely controlled the international undersea cables.RCA's primary business objectives at its founding were to provide equipment and services for seagoing vessels, and "worldwide wireless" communication in competition with the undersea cables.
To provide the international service, the company soon undertook a massive project to build a "Radio Central" communications hub at Rocky Point, Long Island, New York, designed to achieve "the realization of the vision of communication engineers to transmit messages to all points of the world from a single centrally located source".
The RCA Corporation was a major American electronics company, which was founded as the Radio Corporation of America in 1919.