AT&T picks Stead, head of Square D, for unit president

Article Abstract:

AT&T appoints Jerre L. Stead president of its Business Communications Systems unit, replacing former president, W. Frank Blount. AT&T expects to see a financial turnaround as a result of the new appointment and plans to integrate the office phone switch business's product lines as well as enhance its distribution network. Analysts report that the unit continues to suffer annual losses of $200 million despite its 1990 revenue figure of $2 billion and sales of voice-mail and voice-response equipment. Stead formerly served as president and chief operating officer of the electrical and electronics products manufacturer, Square D Co, starting in 1986; he acted as chief executive officer in 1987 and chairman in 1989. Square D has since been taken over by France's Groupe Schneider S.A. Stead will assume his new rank Sep 1, 1991. Stead says he chose AT&T over 19 other job offers because it has a good strategic plan.

column, Telecommunications Service, Stead, Jerre L., American Telephone and Telegraph Co. Business Communications Systems Group

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AT&T top officials had strong gains in earnings for 1989; chairman Allen's pay rose 36% to $1.74 million; union criticizes increases

Article Abstract:

AT and T had a strong year of increased earnings, and the company reports that its top executives will have a nice pay raise to show for it. The company's three top executives will make a combined $3.71 million for 1989, up 25 percent. AT and T chairman Robert E. Allen posts the largest gain, up 36 percent to $1.74 million. In the wake of AT and T restructuring that cut some 25,000 workers from the pay roles over the past two years, with another 10,000 to follow in 1990, union officials were less than enthusiastic about the salary increases. Union officials complain that workers have suffered from the belt tightening, but management has not carried an equal amount of the burden. Compensation for AT and T's top 12 executives now totals $13.46 million. AT and T had 1989 earnings of $2.69 billion; in 1988, the company reported a loss of $1.67 billion, the result of a $6.72 billion charge in the 4th qtr.

Compensation and benefits, Management, Wages and salaries, Salary, Telecommunications, Wages, Allen, Robert E.

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AT&T selects Warwick as chairman of its new unit for business in China

Article Abstract:

AT&T names William J. Warwick, president of AT&T Microelectronics, to head AT&T China. AT&T also makes Warwick a senior vice president of the corporation, giving him responsibility for all planning in the region, including Hong Kong and Taiwan. Warwick is a key AT&T executive, and his selection signifies AT&T's commitment in Asia. In Feb 1993, AT&T agreed to cooperate with China to develop equipment, phone and data services. AT&T envisions a huge market: 98 percent of China's one billion people do not yet have telephones. Warwick plans to move quickly to help China build a corporate infrastructure that includes both business units and production facilities.

Semiconductors and related devices, Electronic computers, China, AT&T Corp. AT&T Microelectronics Div., Warwick, William J., AT&T (China) Company Ltd.

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