David Dorman: Difference between revisions
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After Concert failed, Dorman became President of AT&T. On becoming CEO, he reorganised the company into 4 divisions, and floated AT&T Wireless in 2001, and merged AT&T Broadband with Comcast in 2002 - resulting in Chairman [[C Michael Armstrong]] leaving AT&T to run the new [[Comcast]], while Dorman became CEO and Chairman of AT&T. |
After Concert failed, Dorman became President of AT&T. On becoming CEO, he reorganised the company into 4 divisions, and floated AT&T Wireless in 2001, and merged AT&T Broadband with Comcast in 2002 - resulting in Chairman [[C Michael Armstrong]] leaving AT&T to run the new [[Comcast]], while Dorman became CEO and Chairman of AT&T. |
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In 2003 AT&T became the largest provider of Internet services. With AT&T still under considerable debt, Dorman negotiated a merger with BellSouth that made him CEO, after F. Duane Ackerman had retired from BellSouth. However, the deal fell apart and on [[18 November]], [[2005]] [[SBC Communications]] purchased AT&T. Dorman served as President of the combined company for a short while,<ref>http://sbc.merger-news.com/materials/am_senior_management.html</ref> before taking a $10 million cash plus $20 million in pension and share options |
In 2003 AT&T became the largest provider of Internet services. With AT&T still under considerable debt, Dorman negotiated a merger with BellSouth that made him CEO, after F. Duane Ackerman had retired from BellSouth. However, the deal fell apart and on [[18 November]], [[2005]] [[SBC Communications]] purchased AT&T. Dorman served as President of the combined company for a short while,<ref>http://sbc.merger-news.com/materials/am_senior_management.html</ref> before taking a $10 million cash plus $20 million in pension and share options severance package. <ref>[http://www.finanznachrichten.de/nachrichten-2005-11/artikel-1981357.asp > AT&T CEO Dorman to exit after merger <<!-- Bot generated title -->]</ref><ref>[http://www.techweb.com/wire/ebiz/173601930 SBC Gains AT&T, But Not Its Chairman - E-business & Business Technology News by TechWeb<!-- Bot generated title -->]</ref> |
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==Personal life== |
==Personal life== |
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Revision as of 14:57, 23 May 2009
David W. Dorman (born 1954 in Georgia) is an American Telecommunications executive, currently serving on the board of Motorola and slated to be the non-executive chairman after the departure of current chairman and former CEO Ed Zander on May 5, 2008.[1][2]
In 2000, he took on the task of rebuilding AT&T, whose total stock value had fallen from a high of $110 billion to a low of less than $11 billion. Prior to SBC Communications's acquisition of AT&T Corp. on 18 November, 2005, Dorman was chairman and chief executive officer of AT&T.
Biography
Dorman graduated from Georgia Institute of Technology in 1975, with a bachelor's degree in industrial management.[citation needed] He joined a company that was to become Sprint Communications in 1981, as employee number 55, and climbed to become President of Sprint Business - with 10,000 employees and revenues of $4.5Bn.
In 1994 and the age of 39, Dorman became youngest President and CEO of a BabyBell at Pacific Bell, a division of Pacific Telesis. The company was taken over by SBC Communications in 1997, and after being reassigned as Executive Vice President, Dorman resigned to join PointCast - an internet service provider. His tenure was considered a failure and he further disgraced himself by resigning via email. After PointCast Dorman left to become Chief Executive Officer of Concert Communications Services, the joint venture between BT and AT&T.
After Concert failed, Dorman became President of AT&T. On becoming CEO, he reorganised the company into 4 divisions, and floated AT&T Wireless in 2001, and merged AT&T Broadband with Comcast in 2002 - resulting in Chairman C Michael Armstrong leaving AT&T to run the new Comcast, while Dorman became CEO and Chairman of AT&T.
In 2003 AT&T became the largest provider of Internet services. With AT&T still under considerable debt, Dorman negotiated a merger with BellSouth that made him CEO, after F. Duane Ackerman had retired from BellSouth. However, the deal fell apart and on 18 November, 2005 SBC Communications purchased AT&T. Dorman served as President of the combined company for a short while,[3] before taking a $10 million cash plus $20 million in pension and share options severance package. [4][5]
Personal life
Dorman is married to Susan and has three children and a dog named Buzz.
References
- ^ Light Reading - AT&T - Dorman Joins Moto's Board - Telecom News Wire
- ^ Forbes - Motorola Board Elects Telecom-Vet Dorman
- ^ http://sbc.merger-news.com/materials/am_senior_management.html
- ^ > AT&T CEO Dorman to exit after merger <
- ^ SBC Gains AT&T, But Not Its Chairman - E-business & Business Technology News by TechWeb