C. Michael Armstrong

Last updated

C Michael Armstrong (born October 18, 1938, in Detroit, Michigan) is an American business executive and former AT&T chairman and CEO. He was hired after Kenneth Lay turned down the job to continue managing Enron. [1] He tried to reestablish AT&T as an end-to-end carrier but, due to the dot-com bust and various other issues, he was forced to break the group up in 2001. He resigned in 2002 and was succeeded by AT&T President David Dorman.

He is also the former CEO of Hughes Electronics, and Comcast Corporation. He worked for IBM from 1961 to 1992. He served as a Director of Citigroup from 1989 to 2010. Armstrong is a member of the Alfalfa Club and the Council on Foreign Relations. He received his BS in business at Miami University in 1961.

In 2000 he was a board member of Citigroup and voted to oust former Citicorp CEO, John S. Reed, in favor of Sandy Weill who 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 ]

Related Research Articles

<span class="mw-page-title-main">Columbia Business School</span> Business school of Columbia University

Columbia Business School (CBS) is the business school of Columbia University, a private research university in New York City. Established in 1916, Columbia Business School is one of six Ivy League business schools and is one of the oldest business schools in the world.

<span class="mw-page-title-main">Citigroup</span> American multinational investment bank and financial services corporation

Citigroup Inc. or Citi is an American multinational investment bank and financial services corporation incorporated in Delaware and headquartered in New York City. The company was formed by the merger of Citicorp, the bank holding company for Citibank, and Travelers in 1998; Travelers was spun off from the company in 2002.

<span class="mw-page-title-main">Sanford I. Weill</span> American banker and philanthropist (born 1933)

Sanford I. "Sandy" Weill is an American banker, financier and philanthropist. He is a former chief executive and chairman of Citigroup. He served in those positions from 1998 until October 1, 2003, and April 18, 2006, respectively.

John Shepard Reed is the former chairman of the New York Stock Exchange. He previously served as chairman and CEO of Citicorp, Citibank, and post-merger, Citigroup. He is the past chairman of the Massachusetts Institute of Technology's board of trustees.

<span class="mw-page-title-main">Salomon Brothers</span> Former American investment bank

Salomon Brothers, Inc., was an American multinational bulge bracket investment bank headquartered in New York City. It was one of the five largest investment banking enterprises in the United States and the most profitable firm on Wall Street during the 1980s and 1990s. Its CEO and chairman at that time, John Gutfreund, was nicknamed "the King of Wall Street".

<span class="mw-page-title-main">Charles Prince</span> American corporate executive and lawyer (born 1950)

Charles Owen "Chuck" Prince III is an American corporate executive and lawyer. He is a former chairman and chief executive of Citigroup. He succeeded Sandy Weill as the chief executive of the firm in 2003, and as the chairman of the board in 2006. On November 4, 2007, he retired from both his chairman and chief executive duties due to unexpectedly poor 3rd quarter performance, mainly due to CDO and MBS related losses, while still receiving a $38m pay package.

<span class="mw-page-title-main">Carlos Gutierrez</span> American politician (born 1953)

Carlos Miguel Gutierrez is an American former CEO and former United States Secretary of Commerce. He is currently a Co-Founder and Executive Chairman of EmPath. Gutierrez is a former Chairman of the Board and CEO of the Kellogg Company. He served as the 35th U.S. Secretary of Commerce from 2005 to 2009.

Robert B. "Bob" Willumstad is a former Chairman and CEO of the American International Group (AIG).

Richard Dean Parsons, an American business executive, is the former chairman of Citigroup and the former chairman and CEO of Time Warner. He stepped down as CEO of Time Warner on December 31, 2007. He was previously the interim CEO of the Los Angeles Clippers NBA franchise. In September 2018, Parsons became the Interim Chairman of the Board for CBS replacing Les Moonves. On October 21, 2018, he resigned for health reasons from CBS and was replaced by Strauss Zelnick.

David W. Dorman is an American Telecommunications executive and founding partner of Centerview Capital Technology Partners. Dorman is currently Non-Executive Chairman of the Board of CVS Health Corporation and serves on the boards of PayPal Holdings, Inc., Yum! Brands, Inc. and the Georgia Tech Foundation. Dorman was a board member of Motorola, Inc. since 2006, was elected Non-Executive Chairman of the Board in 2008 and retired from his board position in May 2015. Dorman also was a board member of Scientific Atlanta until the company was acquired by Cisco Systems in 2006.

Jerry Grundhofer is the former CEO and Chairman of U.S. Bancorp.

<span class="mw-page-title-main">Peter R. Orszag</span> American economist (born 1968)

Peter Richard Orszag is the Chief Executive Officer of Lazard.

<span class="mw-page-title-main">Vikram Pandit</span> Indian-born American banker

Vikram Shankar Pandit is an Indian-American banker and investor who was the chief executive officer of Citigroup from December 2007 to 16 October 2012 and is the current chairman and chief executive officer of The Orogen Group.

<span class="mw-page-title-main">Ajay Banga</span> American business executive (born 1959)

Ajaypal Singh Banga is an Indian-born American business executive. He is currently the president of the World Bank Group. He was vice chairman at General Atlantic, and was before that executive chairman of Mastercard, after having previously served as president and chief executive officer (CEO) of the company from July 2010 until December 31, 2020. He retired from this position on December 31, 2021, to join General Atlantic. He is also the chairman of Netherlands-based investment holding company Exor and chairman of the public-private Partnership for Central America with U.S. Vice President Kamala Harris.

Michael E. O'Neill is an American business executive. He served as chairman of Citigroup from 2012 to 2019.

<span class="mw-page-title-main">Michael Corbat</span> American banker (born 1960)

Michael Louis "Mike" Corbat is an American banker who served as the chief executive officer of Citigroup from 2012 to 2021. His 2012 welcome from The New York Times described him as a "Jack-of-All-Trades".

<span class="mw-page-title-main">Deborah Chase Hopkins</span> American business executive

Deborah C. Hopkins is CEO of Double Chase Advisors and is an independent corporate board member. She was Citigroup's Chief Innovation Officer, a position she held beginning in 2008, and CEO of Citi Ventures beginning in 2010. She retired from Citigroup, effective December 31, 2016.

Charles W. Scharf is an American investment banker and business executive who serves as the chief executive officer and president of Wells Fargo. He was previously the CEO of Visa Inc. and BNY Mellon, and has been an independent director on the Microsoft board of directors since 2014.

<span class="mw-page-title-main">Jane Fraser (executive)</span> British-American banking executive (born 1967)

Jane Fraser is a British-American banking executive who is the chief executive officer (CEO) of Citigroup, a position she has held since March 2021. Educated at Girton College, Cambridge, and Harvard Business School, she worked at McKinsey & Company for 10 years, rising to partner prior to joining Citigroup in 2004. In 2019, she was named president of Citigroup and CEO of its consumer banking division.

<span class="mw-page-title-main">Michael Neidorff</span> American business executive (1942–2022)

Michael Frederic Neidorff was an American business executive and was CEO of Centene Corporation from 1996 to 2022.

References

  1. ↑ Eichenwald, Kurt (2005). Conspiracy of fools : a true story. Broadway Books. ISBN   0-7679-1179-2. OCLC   973543262.
  2. ↑ "Citi board; Armstrong, Mulcahy out, Zedillo in". Reuters. February 26, 2010.


This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.