Posted on 11/19/2001 12:18:50 PM PST by Recovering_Democrat
One year ago, William Daley was the head of the freedom-hating campaign of one Al Gore. Now he has been REWARDED with the Presidency of SBC Communications, one of the country's biggest companies. The article announcing Daley's ascendancy follows. I, for one, think I'll be cutting any ties I have to the subsidiaries of SBC. How dare they bring to their leadership a man who was responsible for the crisis this nation was plunged into last November?? Here is the article:
SAN ANTONIO (Dow Jones)--SBC Communications Inc. on Monday named William M. Daley, commerce secretary in the Clinton administration and chairman of Al Gore's unsuccessful campaign for the U.S. presidency, to the position of president.
The appointment, effective Dec. 1, comes as SBC is struggling to overcome regulatory obstacles to enter new long-distance markets.
Daley, most recently vice chairman of the private equity investment firm Evercore Capital Partners LP, will be responsible for strategic planning, regulatory matters, government initiatives, and external and international affairs.
Daley, 53, will report to Chairman and Chief Executive Edward E. Whitacre Jr.
Whitacre said the appointment signals the importance of governmental matters to the company's ability to increase revenue, compete effectively and meet customers' needs.
As one of the Baby Bells formed from the 1984 breakup of AT&T Corp. (T, news, msgs), SBC is barred from providing long-distance service to its local customers. But the 1996 Telecommunications Act allows the Bells to get in the long-distance market in a state once they show their local markets are open to competition.
Just Friday, the Federal Communications Commission approved SBC's application to provide long-distance service to its local customers in Missouri and Arkansas.
The FCC approval gives SBC long-distance business in six states of its 13- state region. But it didn't come without a struggle. SBC had withdrawn its original Missouri application last June after FCC Chairman Michael Powell signaled he wouldn't support it. SBC refiled the application in August, and added Arkansas. Decisions for Nevada and California are expected in mid-2002.
There have been other problems with regulators. In October, the FCC proposed a $2.5 million fine against SBC for providing sloppy, incorrect data used to assess its openness to competition in Kansas and Oklahoma.
"Strategic planning, international affairs and government relations are more important than ever to growing shareowner value," Whitacre said Monday in a statement. "Bill's unique blend of business and governmental experience, combined with his strong leadership and management abilities will serve SBC well in today's environment," he added.
As secretary of the Commerce Department from January 1997 to June 2000, Daley led the successful drive to gain congressional approval of China's entry into the World Trade Organization. He also led the government's efforts to promote the growth of electronic commerce.
In 1993, as special counsel to Clinton, Daley coordinated the campaign to pass the North American Free Trade Agreement.
SBC, the nation's second-largest local-phone carrier after Verizon Communications (VZ, news, msgs), late last month reported a 31% drop in third-quarter net income and said it planned to cut "several thousand" jobs and reduce capital spending by 20% during 2002 because of the tough economic climate.
SBC employs 216,000 people and serves more than 60 million customers. DOW JONES NEWS 11-19-01 09:14 AM
Today on Neal Boortz [Free Republic]
... Oh, and this one’s rich. Gore’s campaign Chairman is Bill Dailey. He’s the son
of infamous Cook County, Ill. political boss Richard J.Dailey. Bill Daily is ...
Depth of Defeat Stuns Democrats [Free Republic]
... strangleholds like Chicago and San Francisco, thanks to the efforts of Mayors Dailey
and Brown with help from traditional Democratic voters like the gay and ...
Florida Rep Joe Scarborough.."Dems are going to STEAL ...
... APOINTEE to some board, and they were both GORE DONORS. He said this is pure "Dailey"
fraud and election stealing. The fix is in folks, he looked sick when he ...
Never Mind The Democrats -- It's Our Own Damned Fault [ ...
... the election. I'd like to say that strong-arm Dem tactics, backed by the Dailey
organized crime family nearly shook the whole nation down like a street gang ...
Deutsche Welle Aktuell: US-Präsidentschaftswahl - [ Translate this page ]
... aber nie nachgewiesen werden konnte, hieß Richard Dailey. Sein Sohn, William
Dailey, ist heute oberster Wahlkampfmanager von Vizepräsident Al Gore. ...
I don't agree though that the guy is not a criminal. I think it is against the law to try and rig a federal election. I believe with all that is in me that is exactly what he did.
In the DFW area it is GREAT!
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