It's hard to keep executives at AT&T

Article Abstract:

AT&T Corp. has a history of losing talented executives to other companies. While the firm clearly is able to create outstanding talent, it has trouble retaining these executives. Most recently, Carleton S. Fiorina, who began her career at AT&T and was an executive at Lucent Technologies Inc., which was spun off from AT&T in 1996, was just named chief executive of Hewlett-Packard Co. Joseph P. Nacchio, who had spent his entire career at the telecommunications giant, is now the president and chief executive officer of Qwest Communications International Inc., the long-distance upstart. Robert Annunziata, who joined AT&T directly out of high school and spent 17 years at the company, becoming president of business services, is now chief executive of Global Crossing Ltd., the fast-growing undersea cable firm. In the early 1990's, AT&T realized it had a problem retaining its talented executives and began to hire high-profile outsiders such as Alex J. Mandl, who was hired as chief financial officer and became chief operating officer, and Jerre Stead, who has since moved on to the computer industry. The trend appears to be that while the company is capable of producing talented executives, many of these people have a desire to move on to positions where they can have more autonomy.

Telecommunications, Telephone Communication, Management development, Human resource management, AT&T Corp., T, Appointments, resignations and dismissals, Company personnel management, Nacchio, Joseph, Mandl, Alex J., Annunziata, Robert

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Neat package hides issues in phone deal

Article Abstract:

The war between the telecommunication companies is finally over. Global Crossing Ltd. has settled with the Frontier Corporation and Qwest Communications has won U.S. West. Although it seems like a nice and neat compromise, there seems to be some difficulties under the glaze. Both Qwest and Global Crossing have some loose ends to tie up in order to make this deal really work.

Wired Telecommunications Carriers, Telephone communications, exc. radio, Bermuda, Intnl Telephone Service, Mergers, acquisitions and divestments, Global Crossing Ltd., U S WEST Inc., GBLX, Qwest Communications International Inc., QWST, International telephone services, FRO, Frontier Corp.

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