| Revision as of 14:09, 16 August 2010 editUrbanrenewal (talk | contribs)Autopatrolled, Extended confirmed users, Pending changes reviewers, Rollbackers18,258 editsm link← Previous edit | Revision as of 00:26, 7 October 2010 edit undo98.110.10.134 (talk) Cleaned up article; removed dead BellSouth Bio linkNext edit → | ||
| Line 1: | Line 1: | ||
| '''F. Duane Ackerman''' was the last chairman and ] of |
'''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. | ||
| == |
==Early life== | ||
| Ackerman was raised in ]. In 1964, he graduated from ] with a ] in ].<ref name=RollinsNotableAlumni>{{cite web|url=http://www.rollins.edu/why-rollins/notablealumni.html|title=Rollins Notable Alumni|publisher=Rollins College|accessdate=October 6, 2010}}</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|accessdate=October 6, 2010}}</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=http://www.forbes.com/lists/2006/12/X9ML.html|title=CEO Pay: F Duane Ackerman|publisher=Forbes|accessdate=October 6, 2010}}</ref> Ackerman also graduated from ] with a master's degree in Business.<ref name=FDuaneAckermanWPI/> | |||
| A native of ], Mr. Ackerman holds a B.S. in physics and an M.S. from ], and earned his ] from the ] program of the ]. Latest estimates put his total annual compensation at approximately $11.3 million. | |||
| ==Career== | |||
| 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 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 chief executive officer 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.<ref name=FDuaneAckermanWPI/> In 2006, his total annual compensation was a reported $13.97 million, with a 5-year compensational total of $13.97 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. | ||
| 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 serves on the President's Council of Advisors on Science and Technology and is immediate past chairman of the national 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.<ref name=FDuaneAckermanWPI/> | |||
| ⚫ | 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. | ||
| == |
==References== | ||
| {{reflist}} | |||
| * | |||
| {{BellSouth}} | {{BellSouth}} | ||
Revision as of 00:26, 7 October 2010
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 Massachusetts Institute of Technology with a master's degree in Business.
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 chief executive officer 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 $13.97 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 own backyard, 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, lead 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 national 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.
References
- "F. Duane Ackerman". Reference for Business. Retrieved October 6, 2010.
- "Rollins Notable Alumni". Rollins College. Retrieved October 6, 2010.
- ^ "F. Duane Ackerman". Winter Park Institute, Rollins College. Retrieved October 6, 2010.
- ^ "CEO Pay: F Duane Ackerman". Forbes. Retrieved October 6, 2010.
| United Parcel Service | |
|---|---|
| Founders |
|
| CEO | |
| Board of directors |
|
| Subsidiaries and divisions | |
| Related | |