Word: grubman
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Dates: during 1980-1989
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...phone- rental business has been weakened. During the past two years, as business and residential customers returned their rented AT&T phones to the company in favor of buying their own equipment, often from other suppliers, the firm's rental income declined by some $2 billion. Says Jack Grubman, a telecommunications expert with PaineWebber: "AT&T has not delivered on the promises of divestiture...