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Incorporated New York Mar 3 1885. |
Authorized capital consists of 1,200,000,000 shares common stock $1 |
par value and 100,000,000 shares preferred stock $1 par value. |
Outstanding Capital Stock at Feb 28 1987: 1,071,904,000 common |
shares and at Dec 31 1986 preferred stock outstanding consisted of |
redeemable preferred shares composed of 8,500,000 shares of $3.64 |
preferred stated value $50; 8,800,000 shares of $3.74 preferred, stated |
value $50 and 25,500 shares of $77.50 preferred, stated value $1,000. |
Business started 1885. |
The company's common stock is listed on the New York, Boston, |
Midwest, Philadelphia and Pacific Coast Stock Exchanges under the symbol |
"ATT". At Dec 31 1986 there were 2,782,102 common shareholders. At Jan 1 |
1986 officers and directors as a group owned less than 1% of the |
outstanding common stock with the remainder owned by the public. |
OLSON, born 1925. 1950 Univ of North Dakota, BSC. Also attended |
Univ of Pennsylvania. 1943-1946 United States Army Air Force. 1960-1970 |
Northwestern Bell Telephone Co, V Pres-Gen Mgr. 1970-1974 Indiana Bell |
Telephone Co, Pres. 1974-1977 Illinois Bell Telephone Co, Pres. 1977 to |
date AT&T, 1979 V Chb-Dir; Jun 1985 President, 1986 CHM. |
MARSHALL, born 1929, married. 1951 Univ of Illinois, BS; also |
attended Bradley Univ; 1953-present AT&T; 1980 Asst Treas, 1976 Vice |
Pres-Treas; 1985 Exec Vice President, 1986 V-CHM. |
TANENBAUM, born 1928 married. 1949 Johns Hopkins Univ, BA |
chemistry. 1950 Princeton Univ, MA chemistry. 1952 PhD in physical |
chemistry. 1952 to date AT&T, various positions, 1985 Ex Vice Pres, 1986 |
V-CHM. |
PRENDERGAST, born 1941 married. 1963 Brown Univ, BA. 1969 New York |
Univ, MBA. 1963-1973 Western Electric Company; 1973 to date AT&T, 1980 |
Asst Treas, 1984 V Pres-Treas. |
COLWELL, born 1927. Attended AT&T Institute of Technology. |
1945-1947 U S Army. Employed by AT&T and its subsidiaries since 1948 in |
various positions. 1984 Vice Pres & Contr, AT&T Technologies Inc |
(subsidiary); 1985-present V Pres-Contr. |
ALLEN born 1935 married. 1957 Wabash College BA. Has held a |
vareity of executive position with former Bell Operating subsidiaries |
and AT&T subsidiaries. Appointed to current position in 1986. |
TOBIAS born 1943. 1964 Indiana University with a BS in Marketing. |
Has held a variety of management and executive positions with former |
Bell Operating subsidiaries and AT&T subsidiaries. Elected to current |
position in 1986. |
OTHER OFFICERS: James R. Billingsley, Sr V Pres Federal |
Regulation; Michael Brunner, Ex V Pres Federal Systems; Harold |
Burlingame, Sr V Pres Public Relations and Employee Information; |
Vittorio Cassoni, Sr V Pres Data Systems Division; Richard Holbrook, Sr |
V Pres Business Sales; Robert Kavner, Sr V Pres & CFO; Gerald Lowrie, Sr |
V Pres Public Affairs; John Nemecek, Ex V Pres Components & Electronic |
Systems; John O'Neill, Ex V Pres National Systems Products; Alfred |
Partoll, Sr V Pres External Affairs; John Segall, Sr V Pres Corporate |
Strategy & Development; Alexander Stack, Sr V Pres Communications |
Systems; Paul Villiere, Ex V Pres Network Systems Marketing and Customer |
Operations; John Zegler, Sr V Pres and General Counsel; and Lydell |
Christensen, Corp V Pres and Secretary. |
DIRECTORS: MCHENRY, research professor, Georgetown University. |
BAKER JR, partner, Vinson & Elkins and Baker, Worthington, Crossley, |
Stansberry & Woolf, attorneys. EVANS, former Chairman, Union Pacific |
Corporation. HAAS, Chairman, Levi Strauss & Company. HAWLEY, Chairman, |
Carter Hawley Hale Stores Inc. JEFFERSON, former Chairman, E.I. du Pont |
de Nemours and Company. JOHNSON, private investor and owner of The |
Chaparrosa Ranch. KREPS, former United States Secretary of Commerce. |
PERKINS, former Chairman, Jewel Companies Inc. SCHACHT, Chairman, |
Cummins Engine Company Inc. SOVERN, President, Columbia University. |
WARNER JR, former Chairman, Mobil Corporation. WILLIAMS, Chairman, |
Warner Lambert Company. WYMAN, former Chairman, CBS Inc. |
As a result of an antitrust action entered against American |
Telephone and Telegraph Company (AT&T) by the Department of Justice, |
AT&T agreed in Jan 1982 to break up its holdings. In Aug 1982, the U. S. |
District Court-District of Columbia, entered a consent decree requiring |
AT&T to divest itself of portions of its operations. |
The operations affected consisted of exchange telecommunications, |
exchange access functions, printed directory services and cellular radio |
telecommunications services. AT&T retained ownership of AT&T |
Communications Inc, AT&T Technologies Inc, Bell Telephone Laboratories |
Incorporated, AT&T Information Systems Inc, AT&T International Inc and |
those portions of the 22 Bell System Telephone Company subsidiaries |
which manufactured new customer premises equipment. The consent decree, |
with modifications, was agreed to by AT&T and the U. S. Department of |
Justice and approved by the U. S. Supreme Court in Feb 1983. In Dec |
1982, AT&T filed a plan of reorganization, outlining the means of |
compliance with the divestiture order. The plan was approved by the |
court in Aug 1983 |
The divestiture completed on Jan 1 1984, was accomplished by the |
reorganization of the 22 principal AT&T Bell System Telephone Company |
subsidiaries under 7 new regional holding companies. Each AT&T common |
shareowner of record as of Dec 10 1983 received 1 share of common stock |
in each of the newly formed corporations for every 10 common shares of |
AT&T. AT&T common shareowners retained their AT&T stock ownership. |
The company has an ownership interest in certain ventures to |
include: |
(1) Owns 22% of the voting stock of Ing C. Olivetti & C., S.p.A. of |
Milan, Italy with which the company develops and markets office |
automation products in Europe. |
(2) Owns 50% of a joint venture with the N. V. Philips Company of |
the Netherlands organized to manufacture and market switching and |
transmission systems in Europe and elsewhere. |
(3) Owns 44% of a joint venture with the Goldstar Group of the |
Republic of Korea which manufactures switching products and distributes |
the company's 3B Family of Computers in Korea. |
The company also maintain stock interests in other concerns. |
In addition to joint venture activities described above, |
intercompany relations have also included occasional advances from |
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