Word: ameritech
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Some executives are going to school themselves to help teach--and help teachers teach--future employees. Doug Whitley, president of Ameritech Illinois, is chairman of the Education to Careers committee of the Mayor's Workforce Board in Chicago. It brings businessmen, teachers and administrators together to plan curriculums that will prepare students for the jobs employers need to fill. It also brings teachers into offices and plants to observe firsthand what their students need to learn. "You'd be amazed how ill prepared the schools were," says Whitley...
FORTUNE 500 Profiles and Quotes Ameritech...
...Communications Wait a minute -- didn't the feds break up Ma Bell already? In the latest, and biggest yet, deal to shake up the unsettled telecom industry, highly acquisitive SBC Communications announced it would buy Ameritech in a $62 billion stock swap. The combined entity would comprise three of the original seven Baby Bells with more than $40 billion in annual revenues, controlling some 57 million lines in 13 Western and Midwestern states. Only U.S. West now stands between SBC control of nearly three quarters of the U.S. Throw in telecom deregulation that should eventually allow local phone companies...
...merger passes regulatory muster, it could signal the start of a new round of combinations. Already AT&T and Bell Atlantic are both eyeing BellSouth as an attractive dance partner. And Ameritech could give SBC the muscle to realize CEO Edward Whitacre's long-held dream -- a takeover of the mothership via a merger with AT&T.
That will make Ameritech a force when wide-open competition begins. "Things will continue to play out in court for the next six to eight months," says Gary Stibel, founder of the New England Consulting Group, whose telephone clients have included all three major long-distance companies as well as Baby Bells. Stibel expects the courts to clear away the obstacles, giving rise to a "bloodbath" among rival companies as the marketing wars start. Until then, lower prices will be on hold...