Connecting Current CVS CEO David Dorman former CEO of AT&T who
"acquired" SBCGlobal just after the NIMDA Virus crashed networks from
inside.
Pete
The folks at TPG will have to answer to my Whistleblower Complaints on
the truly odd collection of RFPs emanating from companies connected to
Richard Blum, William McGlashan, CBRE, Regency Centers, Trammel Crow,
Lennar, Catellus.
My story is about witness murders, private equity, mergers and
acquisitions linked back to the Matter of Bennett v. Southern Pacific
lost in 1989. It was a winnable case as long the witnesses
testified.
The Longs Drugs Takeover Backstory and the Private Equity Murders
Longs Drugs Senior Project Manage James Powell went up the "Consultants and Lawyers"
The information learned coupled with the personal experience of being
tackled head-on my the outsourcers of America.
Early career
Dorman joined a company that was to become
Sprint Communications in 1981 as employee number 55. He climbed the corporate ladder to
become President of Sprint Business - with 10,000 employees and revenues
of $4.5Bn by the time he was 35.
[5]
Dorman became the youngest CEO of a Baby Bell company at the age of 39
following the decision to join Pacific Bell as President & CEO in
1994. The company was acquired by
SBC Communications in 1997, and Dorman resigned shortly thereafter to join early news
aggregation service
PointCast as CEO. Despite lofty expectations PointCast failed to deliver on
its potential, and Dorman subsequently left to become CEO of
Concert Communications Services, a joint venture between
BT and
AT&T.
[6]
Tenure at AT&T
Dorman became CEO of AT&T after his predecessor, C. Michael Armstrong,
joined Comcast as part of the company's acquisition of AT&T's
broadband assets during the summer of 2002.
[7] The broadband disposition was one of many high-profile transactions
made during Armstrong's tenure. Other notable moves include the
acquisition of TCI, Inc in 1998 for $48 billion, and the spin-off of the
wireless business into Cingular in 2001.
[8][9]
The early part of Dorman's tenure as CEO was spent restructuring a
stressed balance sheet, and re-positioning the company's product mix in
response to dramatic changes in the competitive environment.
[10] Ultimately, the decision was made to position AT&T as an
enterprise services company in the hope that such a move would make the
business more attractive to potential acquirers. After an attempt to sell
the business to BellSouth fell through, Dorman was able to reach terms
with SBC to acquire AT&T during late 2004.
[11] Although he initially agreed to join SBC as a President, Dorman
ultimately elected to pursue other opportunities and parted ways with the
business shortly after the acquisition was finalized.
[12][13][14]
