MCI's president quits in a surprise move

Article Abstract:

MCI Communications Corp Pres and COO Daniel F. Akerson resigns without warning to become General Instrument Corp's chairman and chief executive officer and a general partner in major shareholder Forstmann Little & Co. Current MCI Chmn and CEO Bert C. Roberts assumes Akerson's responsibilities on an interim basis. General Instrument is a major cable-television equipment vendor with $1.1 billion in annual revenue, about 1/10 of MCI's. It has taken a leading role in developing high-definition television and over-100-channel cable technology. At Forstman Little, an investment banking firm with $2 billion in available capital, Akerson will assume the role of an equity investor and deal maker in the leveraged-buyout industry. The 44-year-old Akerson considers his new appointments 'a once-in-a-lifetime opportunity.' He no longer needs to wait a decade for 50-year-old Roberts to retire to run his own company.

Computer terminals, Radio & TV communications equipment, Security brokers and dealers, Electronic components, not elsewhere classified, Banking industry, General Instrument Corp., Chief executive officers, Television equipment industry, MCI Communications Corp., MCIC, Chief operating officers, New Appointment, GRL, Akerson, Daniel F., Forstmann Little and Co.

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Bell Atlantic to use retail sales outlets

Article Abstract:

Bell Atlantic Corp is beginning to market telephone services such as call forwarding and caller ID through department stores. In the trial project the services will be sold at Hecht's, a department store chain in the Washington, DC area. If successful, the project will be expanded to include department chains in other areas Bell Atlantic serves. The plan marks a change from the traditionally passive strategy that the regional Bell holding companies (RBOCs) have used to market services. The older strategy has had limited success. Only about one-third of RBOC customers currently use three-way calling, call waiting and call forwarding which have been available for 15 years. The new strategy prepares the way for marketing of consumer information services which RBOCs are now able to sell. A recent federal court ruling removed barriers to RBOCs owning these services.

Department stores, Marketing, Regional Bell Operating Companies, Strategic Planning, Department Store, Marketing Strategy, Telecommunications Service, Bell Regional Holding Companies, Hecht's (Arlington, Virginia)

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Bell Atlantic is losing chief financial officer

Article Abstract:

Bell Atlantic Corp's vice chairman and chief financial officer Philip A. Campbell, 54, resigns effective Mar 1, 1991 and will be replaced by William O. Albertini. Campbell, who lost in a two-man race for the position of chairman, said he will pursue 'once-in-a-lifetime opportunities'. Bell Atlantic officials said his departure is amicable. Campbell was instrumental in Bell Atlantic's $2.3 billion purchase, along with Ameritech Corp, of a New Zealand telephone company. The company is implementing organizational changes and will combine its international ventures with several other new business. Albertini will be responsible for the new unit, which is called Bell Atlantic Enterprises International.

Executive, Promotion of Employee, Albertini, William O., Campbell, Philip A.

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