AT&T's board faces many twists and turns in search for new CEO; if directors pick an outsider the company may lose its popular Mr. Inside: Hughes chief in one scenario

Article Abstract:

AT&T company directors face an especially difficult choice in its imminent selection of the telecommunications giant's next CEO. One scenario would elevate Vice Chmn John D. Zeglis, but some big shareholders may associate the untested lawyer with embattled Chmn Robert E. Allen. Another possibility would have AT&T hire a well-known outsider, but Zeglis and his senior executive allies might leave the company. AT&T also might find a way to hire an outsider while retaining Zeglis. The directors have discussed selecting satellite giant Hughes Electronics' leader, C. Michael Armstrong, and possibly making a multibillion bid to acquire the satellite giant. The move would strengthen AT&T's presence in the satellite-TV business. AT&T also would hope that Zeglis, 50, would remain as heir apparent to the 58-year-old Armstrong. Allen rejects the Armstrong proposal but supports selecting an elder statesman CEO to groom Zeglis.

Telecommunications, Telephone Communication, Management, Appointments, resignations and dismissals, Company executive, Computer executives, Armstrong, C. Michael, Zeglis, John D., Company Business Management

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AT&T revamps its management, eliminating jobs

Article Abstract:

AT&T Pres John R. Walter reorganized its upper level management, changing the assignments of some senior officials while consolidating its marketing and business units. Executive VP Marilyn Laurie, responsible for public relations and corporate advertising, will now be overseeing major new AT&T advertising, while public relations will be handled by John Zelis, senior executive vice president. The company spokeswoman officially denied that Ms. Laurie's shift from public relations has any connection with the less than favorable press coverage AT&T endured in 1996, including the often critical reporting of layoffs, the compensation of Robert Allen, and the NCR acquisition. The restructuring is part of AT&T's overall plan, announced in Jan 1996, to cut 17,000 jobs. While the company has already eliminated 5,700 jobs under the directive, to date the company has just over 130,000 positions, slightly more than in 1996.

COMMUNICATION, Communications, Broadcasting and Telecommunications, Reorganization and restructuring, Company Employee Status Change, Company Restructuring/Company Reorganization

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