| BUSINESSWEEK ONLINE : OCTOBER 18, 1999 ISSUE | ||||||||
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| COVER STORY
Turmoil at the Top AT&T has lost several executives since CEO Mike Armstrong arrived at the company two years ago-and more could go JEFFREY WEITZEN The former head of AT&T's business unit left in January, 1998, to become COO of PC maker Gateway, lured by a $1.4million signing bonus and an options package worth $21 million, according to Gateway's most recent proxy. GAIL McGOVERN After Armstrong became CEO and Zeglis took the president post, McGovern, president of the consumer-services division, had no room to rise within AT&T. She left in August, 1998, to become an executive at Fidelity Investments. ROBERT ANNUNZIATA Annunziata came to AT&T as part of its acquisition of upstart Teleport, and was promoted to head up the business segment of AT&T. But he left in February to become CEO of hot telecom startup Global Crossing. DANIEL SCHULMAN The former head of AT&T's WorldNet Internet access business and, briefly, its consumer-services unit joined Internet startup priceline.com in June. He received a $300,000 salary and options on 3 million shares that now are underwater. LEO HINDERY JR. The well-respected former president of Tele-Communications came to AT&T as part of the company's acquisition of TCI in March. He ran the critical cable-television and cable-telephony operations until he resigned on Oct. 6. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ BACK TO TOP |
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 RELATED ITEMS The Main Event: Bernie vs. Mike COVER IMAGE: Mike vs. Bernie TABLE: Two Titans, Two Gambits What It Will Take to Win TABLE: A Bigger No. 2 TABLE: Bernie's Challenges AT&T: The Problems Keep on Coming CHART: Plenty of Snags Lately TABLE: AT&T's Six Challenges TABLE: Turmoil at the Top Commentary: All These Mergers Are Great, But... ONLINE ORIGINAL: Some Sorry Scores from AT&T's California Testbed ONLINE ORIGINAL: Why These Sprint Shareholders Are Eating Dust INTERACT E-Mail to Business Week Online | |||
