Monday, June 4, 2007

AT&T's Stephenson Sees `Tall Order' in Extending Gains for Telephone, TV

(Bloomberg) -- AT&T Inc.'s Randall Stephenson, who
spent three years as the top lieutenant during Chief Executive
Officer Edward Whitacre's $100 billion acquisition spree, now
must make his old boss's strategy work.

The 47-year-old Stephenson became CEO of the largest U.S.
telephone company yesterday. Investors say they're eager to see
how he will use Whitacre's purchases of the former AT&T Corp. and
BellSouth Corp. to improve profit margins and keep the stock
price rising.


Read more at Bloomberg Exclusive News

No comments: