Misplaced Pages

F. Duane Ackerman: Difference between revisions

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.
Browse history interactively← Previous editContent deleted Content addedVisualWikitext
Revision as of 03:54, 12 September 2007 editKaraboom (talk | contribs)Autopatrolled8,949 editsNo edit summary← Previous edit Latest revision as of 11:02, 2 June 2023 edit undoBattyBot (talk | contribs)Bots1,934,398 edits →top: Updated maintenance template(s) for biography of living person & General fixesTag: AWB 
(41 intermediate revisions by 37 users not shown)
Line 1: Line 1:
{{Short description|American businessman}}
'''F. Duane Ackerman''' was the last chairman and ] of ]-based ] Corporation.
{{BLP sources|date=December 2019}}{{Infobox person
| name = F. Duane Ackerman
| birth_date = 1942
| nationality = ]
| alma_mater = ]<br>]
| occupation = businessman
| title = ] Corporation <small>(Chairman & CEO)</small>
| honours = Georgia Trustee
}}


'''F. Duane Ackerman''' (born 1942)<ref name=AckermanRfB>{{cite web|url=http://www.referenceforbusiness.com/biography/A-E/Ackerman-F-Duane-1942.html|title=F. Duane Ackerman|publisher=Reference for Business|accessdate=October 6, 2010}}</ref> is an American businessman. He was the last chairman and ] of ] Corporation.
A native of ], Mr. Ackerman holds a B.S. in physics and an M.S. from ], and earned a ] from the ] program of the ]. Latest estimates put his total annual compensation at approximately $11.3 million.


==Early life==
Under Ackerman's stewardship, BellSouth continued to produce relatively consistent financial results. However, the company also continued to lose landline customers, was slow to develop fully the ] market potential in its markets, and had very little in the product/service pipeline to drive new growth. The company was dependent upon its ] joint venture for a disproportionate percentage of its net income.
Ackerman was raised in ]. In 1964, he graduated from ] with a ] in ].<ref name=RollinsNotableAlumni>{{cite web|url=https://www.rollins.edu/about-rollins/our-people/notable-alumni.html|title=Rollins Notable Alumni|publisher=Rollins College|accessdate=2019-08-09}}</ref><ref name=FDuaneAckermanWPI>{{cite web|url=http://www.rollins.edu/wpi/scholars/ackerman.html|title=F. Duane Ackerman|publisher=Winter Park Institute, Rollins College|access-date=October 6, 2010|url-status=dead|archive-url=https://web.archive.org/web/20110211131342/http://www.rollins.edu/wpi/scholars/ackerman.html|archive-date=February 11, 2011}}</ref> In 1970, he graduated from the Rollins College Crummer Graduate School of Business with an ].<ref name=FDuaneAckermanWPI/> In 1978,<ref name=AckermanForbes2006>{{cite web|url=https://www.forbes.com/lists/2006/12/X9ML.html|title=CEO Pay: F Duane Ackerman|work=Forbes|accessdate=October 6, 2010}}</ref> Ackerman also graduated from the ] with a master's degree in management.<ref name=FDuaneAckermanWPI/>


==Career==
Ackerman was criticized by some camps for having missed several opportunities to acquire or merge with other telecommunications providers. These missed opportunities left BellSouth positioned as a regional telecom island, a perceived disadvantage relative to larger national players such as ] or ] (formed by the recent merger of ] and AT&T).
Ackerman began his communications career in 1964, and has served in numerous capacities with BellSouth. In November 1992, he was named ] and ] of BellSouth Telecommunications, BellSouth's local telephone service unit and largest subsidiary. He was promoted to vice chairman and ] 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 ] on December 29, 2006.<ref name=FDuaneAckermanWPI/> In 2006, his total annual compensation was a reported $13.97 million, with a 5-year compensational total of $43.30 million.<ref name=AckermanForbes2006/>


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 own backyard, disturbing the historical territorial lines between the former ] or RBOCs (SBC and BellSouth). Indeed, this issue, as well as the desire for AT&T to entirely control the highly-profitable Cingular venture, lead AT&T to purchase BellSouth outright. 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 ] 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 ] and is immediate past chairman of the ], as well as the National Security Telecommunications Advisory Committee. He is a former member of the ]. A past chair of the Georgia Partnership for Excellence in Education, Ackerman is vice chairman of the ] Board of Trustees and a former member of the Board of Governors for the Society of Sloan Fellows of MIT.<ref name=FDuaneAckermanWPI/>
==External link==
*


==Awards and honors==
⚫ {{BellSouth}}
In 2017, he was inducted as a Georgia Trustee, an honor given by the ] in conjunction with the ] to individuals whose accomplishments and community service reflect the ideals of the founding body of ], which governed the Georgia colony from 1732 to 1752.


==References==
⚫ {{DEFAULTSORT:Ackerman, Duane}}
{{Reflist}}

⚫ {{BellSouth}}
{{UPS}}


⚫ {{DEFAULTSORT:Ackerman, F. Duane}}
⚫ ]
] ]
]
] ]
] ]
] ]
] ]
]
]
⚫ ]

Latest revision as of 11:02, 2 June 2023

American businessman
This biography of a living person needs additional citations for verification. Please help by adding reliable sources. Contentious material about living persons that is unsourced or poorly sourced must be removed immediately from the article and its talk page, especially if potentially libelous.
Find sources: "F. Duane Ackerman" – news · newspapers · books · scholar · JSTOR (December 2019) (Learn how and when to remove this message)
F. Duane Ackerman
Born1942
NationalityAmerican
Alma materRollins College
MIT Sloan School of Management
Occupationbusinessman
TitleBellSouth Corporation (Chairman & CEO)
HonoursGeorgia Trustee

F. Duane Ackerman (born 1942) is an American businessman. He was the last chairman and Chief Executive Officer of BellSouth Corporation.

Early life

Ackerman was raised in Plant City, Florida. In 1964, he graduated from Rollins College with a B.S. in Physics. In 1970, he graduated from the Rollins College Crummer Graduate School of Business with an MBA. In 1978, Ackerman also graduated from the MIT Sloan School of Management with a master's degree in management.

Career

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. In 2006, his total annual compensation was a reported $13.97 million, with a 5-year compensational total of $43.30 million.

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.

Awards and honors

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.

References

  1. "F. Duane Ackerman". Reference for Business. Retrieved October 6, 2010.
  2. "Rollins Notable Alumni". Rollins College. Retrieved 2019-08-09.
  3. ^ "F. Duane Ackerman". Winter Park Institute, Rollins College. Archived from the original on February 11, 2011. Retrieved October 6, 2010.
  4. ^ "CEO Pay: F Duane Ackerman". Forbes. Retrieved October 6, 2010.
AT&T
Board of
directors
Current
Former
Communications
Latin America
Buildings and
facilities
Current
Former
Other
United Parcel Service
Founders
  • George Casey
  • Evert McCabe
  • Charlie Soderstrom (Partners)
CEO
Board of
directors
Subsidiaries
and divisions
Related
Categories: