AT&T picks vice chairman and stirs speculation
Article Abstract:
AT&T promotes its general counsel, John D. Zeglis, to vice chairman and raises many questions about the company's future leadership. Zeglis will keep his position as AT&T's top lawyer and he will retain responsibility for its corporate strategy, external affairs, business development and human resources. Zeglis, one of AT&T's most powerful officials, has emerged as company chairman Robert E. Allen's closest adviser. His elevation coincides with growing speculation regarding AT&T's competitive strategy in the deregulated telephone market. Zeglis' new position also threatens AT&T's president and COO John R. Walter's prospects of succeeding Allen as CEO when he steps down. Allen's nomination is rumored to be in jeopardy in light of AT&T's possible merger with SBC Communications. AT&T stresses that Walter's promotion remains imminent. Zeglis, however, has been an active member of AT&T's merger negotiations with SBC while Walter has recently split his time between a European vacation and AT&T meetings.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1997
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Dropping a sure path to the top to follow a technological dream
Article Abstract:
Alex J. Mandl, the former COO of AT&T, gave up his position at the worlds largest telecommunications company to become the president and CEO of Teligent, a wireless telephone and Internet access start-up company. Teligent is hoping to introduce its services into the small and medium size business market in 34 states. Mandl estimates that it will cost $1 billion dollars for Teligent to deploy its network. The Associated Group, a company with large holdings in the cellular and cable television markets, owns 55% of Teligent. The company's license for 18-gigahertz band needed to be addressed immediately when Mandl joined the company. Teligent ended up being given 24-gigahertz band and a large piece of the radio spectrum free from the FCC.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
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