Hostetter leaves AT&T board. (Finance).(former Continental Cablevision Inc. CEO Amos Hostetter resigns from AT&T Corp.'s board of directors)(Brief Article)
Multichannel News, July, 2003 by Farrell, Mike
Cable veteran and former Continental Cablevision Inc. CEO Amos Hostetter has resigned from AT&T Corp.'s board of directors, citing personal reasons. In a statement, AT&T said Hostetter will be replaced by William F. Aldinger III, chairman and CEO of Household International, a subsidiary of HSBC Holdings plc, one of the world's largest financial-services companies.
Hostetter joined the AT&T board in 1999, after the telephone giant purchased MediaOne Group Inc. through its AT&T Broadband subsidiary Earlier, MediaOne had purchased Continental for $10.8 billion in cash, stock and assumed debt. After AT&T acquired MediaOne, Hostetter was AT&T's largest individual shareholder with about 53 million shares of its common stock. But after AT&T sold its...
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