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C. Michael Armstrong

From Wikipedia, the free encyclopedia

C Michael Armstrong(born October 18, 1938, inDetroit,Michigan) is an American business executive and formerAT&Tchairman and CEO. He was hired afterKenneth Layturned down the job to continue managingEnron.[1]He tried to reestablish AT&T as an end-to-end carrier but, due to thedot-com bustand various other issues, he was forced to break the group up in 2001. He resigned in 2002 and was succeeded by AT&T PresidentDavid Dorman.

He is also the former CEO ofHughes Electronics,andComcastCorporation. He worked forIBMfrom 1961 to 1992. He served as a Director ofCitigroupfrom 1989 to 2010. Armstrong is a member of theAlfalfa Cluband theCouncil on Foreign Relations.He received his BS in business atMiami Universityin 1961.

In 2000 he was a board member ofCitigroupand voted to oust former Citicorp CEO, John S. Reed, in favor ofSandy Weillwho was co-CEO with Reed at the time. Influential analyst Jack Grubman wrote an upgraded favorable opinion of AT&T[2]which was a reversal of Grubman's opinion just prior to that time.[citation needed]

References

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  1. ^Eichenwald, Kurt (2005).Conspiracy of fools: a true story.Broadway Books.ISBN0-7679-1179-2.OCLC973543262.
  2. ^"Citi board; Armstrong, Mulcahy out, Zedillo in".Reuters.February 26, 2010.
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