Word: get
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Dates: during 2000-2000
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...that his own aunt could still sleep easily putting her money in Ma Bell and living off the dividends. Lower-level Bellheads even joked about the career opportunities the split would create. "You always wanted to run your own company," one quipped to another. "Now you're going to get the chance...
...services that can provide consumers with one-stop shopping. And consumers haven't shown any great preference for having a single provider, and a single bill, for all their communications needs. Fewer than 10% of AT&T customers receive bundled services. Curiously, consumers will still be able to get bundled services post-breakup...
Critics see the breakup as a capitulation to investor pressure to get the stock price up at any cost. Armstrong tried gamely last week to present it as consistent with his previous efforts. "Structure serves strategy, and at least in my view, our strategy has been consistent," he said. But not everyone was buying it. "AT&T made a big deal about creating an integrated communications company selling bundled services," says Salomon Smith Barney's Grubman. "That is being abandoned after less than two years of trying...
Reorganizing a company is a timeworn way of trying to change the direction of a stock without facing fundamental problems. "When you have a company under pretty severe attack from the outside and you exacerbate that with a disorienting reorganization, I don't get very optimistic," says Anna-Maria Kovacs, an analyst with Janney Montgomery Scott. She downgraded the stock even before the press conference...
Once, the CEO had to run the business and watch the bottom line. Now he or she has to be a strategic visionary, an operations hawk and the chief salesman--meanwhile keeping Wall Street investors happy. "You've got to get in front of Fidelity one day and Janus the next and still keep the shop running at home," says management consultant Gary Stibel. As the past year's string of departures reveals, many ceos aren't up to the task...