C. Michael Armstrong
After his AT&T fiasco, to where can CEO Mike Armstrong possibly fail upward?
After his AT&T fiasco, to where can CEO Mike Armstrong possibly fail upward? Perhaps the U.S. Congress, where wavering and flip-flopping are prerequisites for success. We can only wonder why AT&Ts board has not shown Armstrong the golden door. No matter. We offer him instead the Raspberry Throne a dubious perch whence he can look on as the fruits of his ill-conceived labor are squandered to the lowest bidder. Mr. Mike spent $110 billion to turn AT&T into the largest cable company in the world. The future, according to Armstrong, lay in bundling services onto one bill telephone, pay television and Internet. But Wall Street got cold feet last summer, as the Internet bubble began to pop. Armstrong abruptly changed strategy pitching instead a breakup of AT&T into four parts. The largest of those pieces, AT&T Broadband, was recently in play, with Comcasts Roberts family Chairman Ralph and President Brian hoping to pay 50 cents on each dollar Armstrong spent to buy it.