Word: mandl
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Dates: during 1990-1999
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...eight months after he was plucked from R.R. Donnelley & Sons following a high-profile executive search, is the latest in a series of blunders that have cost AT&T in lost business, a slow leak of top executives and a falling stock price. Last August, Walter's predecessor, Alex Mandl, resigned after a seven-month tenure, similarly frustrated in his quest to become...
...business: long-distance phone service, the recently acquired McCaw Cellular phone subsidiary, and credit cards. Name: still AT&T. Revenues: $49 billion a year, based on 1994 figures. Profits: more than three-quarters of the $4.7 billion AT&T earned last year. Chief executive: Allen. (He has named Alex Mandl, his heir apparent, to oversee the transition to the slimmed-down AT&T.) Employees...
...Olson had guided the company through the painful period following the breakup of Ma Bell, when it chopped its labor force 19%, or 70,000 workers. It was Allen, though, who changed the company's lockstep culture. Going against tradition, he recruited top executives from outside, including Alex Mandl, former president of the Sea-Land ocean-shipping concern, as chief financial officer; Jerre Stead, former chief executive of electrical-equipment maker Square D, as head of the computer division; and Richard Bodman, of the Comsat satellite-communications consortium, as top strategist. Allen also brought in managers from small Silicon Valley...