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Wednesday, February 23, 2005

AT&T and the grooming of great executives

Not really.

An article in the US Today doubts the ability of groomed senior leadership of former AT&T to be able to lead other companies. This contrasts those leaders in companies such as IBM and especially GE.

The article says that "many have AT&T on their résumé. Among AT&T's alumni are Richard McGinn, ousted at Lucent Technologies in 2000, Joseph Nacchio, ousted at Qwest Communications in 2002, and Carly Fiorina, the most famous graduate of the AT&T farm system, ousted this month at Hewlett-Packard."

Later it states that "General Electric and IBM are known for developing deep pools of executive talent and show up on rankings such as Chief Executive magazine's Top 20 companies for leaders. No one interviewed has heard of a similar list of companies that fall short, but most agree that AT&T would be on it."

I don't want to be mean (may be I am), but the dissolution of AT&T after its acquisition by SBC might solve this issue. There won't be too many new executives coming from AT&T in the future, and there won't be any major payouts to executives after the sale of AT&T units to other companies.

What do you think?

(By Asia Business Consulting)