C Michael Armstrong (born October 18, 1938 in

Detroit Detroit ( , ; , ) is the largest city in the U.S. state of Michigan. It is also the largest U.S. city on the United States–Canada border, and the seat of government of Wayne County. The City of Detroit had a population of 639,111 at t ...

Michigan Michigan () is a U.S. state, state in the Great Lakes region, Great Lakes region of the Upper Midwest, upper Midwestern United States. With a population of nearly 10.12 million and an area of nearly , Michigan is the List of U.S. states and ...

) is an American business executive and former

AT&T AT&T Inc. is an American multinational telecommunications holding company headquartered at Whitacre Tower in Downtown Dallas, Texas. It is the world's largest telecommunications company by revenue and the third largest provider of mobile te ...

chairman and CEO. He was hired after

Kenneth Lay Kenneth Lee Lay (April 15, 1942 – July 5, 2006) was an American businessman who was the founder, chief executive officer and chairman of Enron. He was heavily involved in the eponymous accounting scandal that unraveled in 2001 into the large ...

turned down the job to continue managing

Enron Enron Corporation was an American energy, commodities, and services company based in Houston, Texas. It was founded by Kenneth Lay in 1985 as a merger between Lay's Houston Natural Gas and InterNorth, both relatively small regional compani ...

. He tried to reestablish AT&T as an end-to-end carrier but, due to the

dot-com bust The dot-com bubble (dot-com boom, tech bubble, or the Internet bubble) was a stock market bubble in the late 1990s, a period of massive growth in the use and adoption of the Internet. Between 1995 and its peak in March 2000, the Nasdaq Compos ...

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 David W. Dorman (born 1954) 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 ...

. He is also the former CEO of

Hughes Electronics Hughes Electronics Corporation was formed in 1985 when Hughes Aircraft was sold by the Howard Hughes Medical Institute to General Motors for $5.2 billion. The surviving parts of Hughes Electronics are today known as The DirecTV Group. On June 5, ...

, 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 The Alfalfa Club is a social club that exists only to hold an annual black tie banquet on the last Saturday of January at the Capital Hilton in Washington D.C., with an after-party at a local restaurant. The banquet, which lasts 4 hours, featur ...

and the Council on Foreign Relations. He received his BS in Business at

Miami University Miami University (informally Miami of Ohio or simply Miami) is a public research university in Oxford, Ohio. The university was founded in 1809, making it the second-oldest university in Ohio (behind Ohio University, founded in 1804) and the ...

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 Sandy may refer to: People and fictional characters *Sandy (given name), including a list of people and fictional characters * Sandy (surname), a list of people *Sandy (singer), Brazilian singer and actress Sandy Leah Lima (born 1983) *(Sandy) A ...

who was co-CEO with Reed at the time. Influential analyst Jack Grubman wrote an upgraded favorable opinion of AT&T which was a reversal of Grubman's opinion just prior to that time.

References

External links

C Michael Armstrong Bio at Reference for Business
* http://www.businessweek.com/2001/01_06/b3718151.htm * https://www.reuters.com/article/idUSTRE61P45Z20100226 * IBM employees AT&T people

People A person ( : people) is a being that has certain capacities or attributes such as reason, morality, consciousness or self-consciousness, and being a part of a culturally established form of social relations such as kinship, ownership of prope ...

Miami University alumni Dartmouth College alumni missing graduation year Businesspeople from Detroit 1938 births Living people American chairpersons of corporations American technology chief executives American corporate directors American telecommunications industry businesspeople Tuck School of Business alumni {{Use mdy dates, date=January 2015 20th-century American businesspeople