C Michael Armstrong (born October 18, 1938, in

Detroit Detroit ( , ) is the List of municipalities in Michigan, most populous city in the U.S. state of Michigan. It is situated on the bank of the Detroit River across from Windsor, Ontario. It had a population of 639,111 at the 2020 United State ...

Michigan Michigan ( ) is a peninsular U.S. state, state in the Great Lakes region, Great Lakes region of the Upper Midwest, Upper Midwestern United States. It shares water and land boundaries with Minnesota to the northwest, Wisconsin to the west, ...

) is an American business executive and former

AT&T AT&T Inc., an abbreviation for its predecessor's former name, the American Telephone and Telegraph Company, is an American multinational telecommunications holding company headquartered at Whitacre Tower in Downtown Dallas, Texas. It is the w ...

chairman and CEO. He was hired after

Kenneth Lay Kenneth Lee Lay (April 15, 1942 – July 5, 2006) was an American businessman and political donor who was the founder, chief executive officer and chairman of Enron. He was heavily involved in Enron scandal, Enron's accounting scandal that unr ...

turned down the job to continue managing

Enron Enron Corporation was an American Energy development, energy, Commodity, commodities, and services company based in Houston, Texas. It was led by Kenneth Lay and developed in 1985 via a merger between Houston Natural Gas and InterNorth, both re ...

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

dot-com bust The dot-com bubble (or dot-com boom) was a stock market bubble that ballooned during the late-1990s and peaked on Friday, March 10, 2000. This period of market growth coincided with the widespread adoption of the World Wide Web and the Intern ...

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 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. Surviving parts of Hughes Electronics are today known as DirecTV Group, while the automoti ...

, and

Comcast Comcast Corporation, formerly known as Comcast Holdings,Before the AT&T Broadband, AT&T merger in 2001, the parent company was Comcast Holdings Corporation. Comcast Holdings Corporation now refers to a subsidiary of Comcast Corporation, not th ...

Corporation. He worked for

IBM International Business Machines Corporation (using the trademark IBM), nicknamed Big Blue, is an American Multinational corporation, multinational technology company headquartered in Armonk, New York, and present in over 175 countries. It is ...

from 1961 to 1992. He served as a Director of

Citigroup Citigroup Inc. or Citi (Style (visual arts), stylized as citi) is an American multinational investment banking, investment bank and financial services company based in New York City. The company was formed in 1998 by the merger of Citicorp, t ...

from 1989 to 2010. Armstrong is a member of the Alfalfa Club and the

Council on Foreign Relations The Council on Foreign Relations (CFR) is an American think tank focused on Foreign policy of the United States, U.S. foreign policy and international relations. Founded in 1921, it is an independent and nonpartisan 501(c)(3) nonprofit organi ...

. He received his BS in business at

Miami University Miami University (informally Miami of Ohio or simply Miami) is a public university, public research university in Oxford, Ohio, United States. Founded in 1809, it is the second-oldest List of colleges and universities in Ohio, university in Ohi ...

in 1961. In 2000 he was a board member of

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 which was a reversal of Grubman's opinion just prior to that time.

References

External links

C Michael Armstrong Bio at Reference for Business

* IBM employees AT&T people

People The term "the people" refers to the public or Common people, common mass of people of a polity. As such it is a concept of human rights law, international law as well as constitutional law, particularly used for claims of popular sovereignty. I ...

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 telecommunications industry businesspeople Tuck School of Business alumni 20th-century American businesspeople {{US-business-bio-1930s-stub