 |
F. Duane Ackerman | |
|---|---|
| Born | 1942 |
| Nationality | American |
| Alma mater | Rollins College MIT Sloan School of Management |
| Occupation | businessman |
| Title | BellSouth Corporation (Chairman & CEO) |
| Honours | Georgia Trustee |
F. Duane Ackerman (born 1942) [1] is an American businessman. He was the last chairman and Chief Executive Officer of BellSouth Corporation.
Ackerman was raised in Plant City, Florida. In 1964, he graduated from Rollins College with a B.S. in Physics. [2] [3] In 1970, he graduated from the Rollins College Crummer Graduate School of Business with an MBA. [3] In 1978, [4] Ackerman also graduated from the MIT Sloan School of Management with a master's degree in management. [3]
Ackerman began his communications career in 1964, and has served in numerous capacities with BellSouth. In November 1992, he was named President and Chief Executive Officer of BellSouth Telecommunications, BellSouth's local telephone service unit and largest subsidiary. He was promoted to vice chairman and Chief Operating Officer in January 1995, and was elevated to the position of President and CEO in January 1997. A year later, the BellSouth board added the chairman's responsibilities to Ackerman's portfolio, and he served as chairman and CEO until BellSouth's merger with AT&T on December 29, 2006. [3] In 2006, his total annual compensation was a reported $13.97 million, with a 5-year compensational total of $43.30 million. [4]
The SBC-AT&T merger created a uniquely complex situation for Ackerman with regards to Cingular Wireless, a joint venture between BellSouth and SBC. After the SBC/AT&T merger, the new AT&T began competing with BellSouth for lucrative business landline customers in BellSouth's primary market, disturbing the historical territorial lines between the former Regional Bell Operating Companies or RBOCs (SBC and BellSouth). Indeed, this issue, as well as the desire for AT&T to entirely control the highly-profitable Cingular venture, led AT&T to purchase BellSouth outright.
Ackerman serves on the President's Council of Advisors on Science and Technology and is immediate past chairman of the U.S. Council on Competitiveness, as well as the National Security Telecommunications Advisory Committee. He is a former member of the Homeland Security Advisory Council. A past chair of the Georgia Partnership for Excellence in Education, Ackerman is vice chairman of the Rollins College Board of Trustees and a former member of the Board of Governors for the Society of Sloan Fellows of MIT. [3]
In 2017, he was inducted as a Georgia Trustee, an honor given by the Georgia Historical Society in conjunction with the Governor of Georgia to individuals whose accomplishments and community service reflect the ideals of the founding body of Trustees, which governed the Georgia colony from 1732 to 1752.
The MIT Sloan School of Management is the business school of the Massachusetts Institute of Technology, a private university in Cambridge, Massachusetts. MIT Sloan offers bachelor's, master's, and doctoral degree programs, as well as executive education. Its degree programs are among the most selective in the world. MIT Sloan emphasizes innovation in practice and research. Many influential ideas in management and finance originated at the school, including the Black–Scholes model, the Solow–Swan model, the random walk hypothesis, the binomial options pricing model, and the field of system dynamics. The faculty has included numerous Nobel laureates in economics and John Bates Clark Medal winners.
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