David Dorman
From Wikipedia, the free encyclopedia
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.
Contents |
[edit] 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. 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 severence package. [4][5]
[edit] Personal life
Dorman is married to Susan and has three children.
[edit] 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
