Verizon president to retire
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Lawrence Babbio has been with Verizon Communications and the companies that preceded it for more than 40 years.
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Hired by the old New York Telephone as a cable splicer's assistant 35 years ago, Ivan G. Seidenberg rose to chief executive of Verizon Communications Inc. in 2002. This onetime Baby Bell is now 10 times as big as former parent AT&amp;T Corp., which Verizon pushed out of the Dow Jones industrial average in April. Between phone, wireless, and Internet, ...
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Google Inc said on Tuesday finance chief George Reyes plans to retire, ending a bumpy five-year ride for an executive charged with trying to manage ferocious growth while upholding a policy of refusing to give financial forecasts.
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Federal Communications Commission Chairman Michael K. Powell plans to step down from the job he's held for four years, two agency officials said Friday.
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French telecom equipment maker Alcatel confirmed  that its chief technical officer, Niel Ransom, is planning to step down.
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Verizon Communications Inc. is moving to phase out a half-dozen of its local calling plans in Eastern Massachusetts later this month, although current customers will be able to continue subscribing to plans like Bay State East and Metropolitan.
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Qwest Communications International Inc.  CEO Richard Notebaert said on Monday he plans to retire as soon as a replacement can be found, sending the company's shares down almost 6 percent.
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(InfoWorld) - Richard Notebaert, chairman and CEO of Qwest Communications International will retire as soon as the company's board of directors can find a replacement, Qwest said Monday. Qwest has begun a formal search for a replacement, but the company has not set a timetable for naming a new chairman and CEO, Qwest said in a press release. Notebaert, chairman and CEO since June 2002, informed the board of his decision to retire, the company said. Qwest plans no changes in strategy after Notebaert's retirement, the company said. Notebaert, in a statement, said he plans to spend more time with family and on other commitments. "I will leave the company only when the Board has selected a leader who shares our vision and will continue to guide Qwest's solid performance and reputation as a leading national communications provider with a very bright future," he said. Qwest, based in Denver, Colorado, recorded its first year of operational profitability under Notebaert in 2006. In addition to providing telephone and Internet services to customers in parts of the U.S. Midwest, Northwest and mountain states, Qwest also has a coast-to-coast fiber optic network and providers telecom services for the U.S. government. Notebaert took over from ex-CEO Joseph Nacchio, who wasÂ convicted by a federal juryÂ in April on 19 of 42 counts of insider trading. After Nacchio left Qwest, the company had to restate $2.5 billion in revenue due to fraudulent accounting practices. Frank Popoff, lead director on the Qwest board, credited Notebaert with turning the company around. "Dick's leadership in the transformation of Qwest has exceeded all expectations," Popoff said in a statement. "He will leave the company well positioned for future growth and truly will be missed."
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Wireless phone carrier Verizon Wireless on Thursday said it named John Townsend as vice president and chief financial officer of the company, beginning in January.
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William Clay Ford Jr. is giving up the chief executiveÂs title after five years. Alan Mulally, an executive at Boeing, will be the president and chief executive.
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Verizon Communications Inc.'s lead lobbyist said the company is likely to abandon efforts to pursue federal rules to ease the sale of television service if pending legislation fails this year.
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General Electric Co  said on Friday that vice chairman Bob Wright, former head of the company's NBC arm, will retire on May 1.
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Jeff Raikes, the president of Microsoft&#39;s Business Division, plans to retire in September, the company said on Thursday.A Microsoft employee since 1981, Raikes oversees a broad stretch of the company&#39;s product line, including its Office, Dynamics, and Exchange software. Microsoft&#39;s Business Division generated about $16 billion in annual revenue last year, or slightly less than a third of the total.&quot;There is no overstating the incredible impact Jeff has had during his amazing career at Microsoft,&quot; CEO Steve Ballmer said in a statement.Raikes will be replaced by Stephen Elop, formerly the COO at Juniper Networks. Elop also did a stint as president of worldwide field operations at Adobe Systems following its acquisition of Macromedia, where he served as president and CEO.Elop will start at Microsoft at the end of this month and take over Raikes&#39; portfolio gradually, starting with the company&#39;s Information Worker, Business Solutions, and Unified Communications businesses.With Raikes set to retire, Bob Muglia, senior vice president of Microsoft&#39;s Server and Tools business, will now report directly to Ballmer, the company said.
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The telecom company cuts medical benefits for its retirees.
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Verizon Wireless and Nextel Communications, two of the country&#39;s biggest cellphone operators, said yesterday that they planned to drop their lawsuits against each other.
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Ford Motor Co.  said on Thursday  that two of its top executives have decided to retire, a day  before the automaker is expected to announce a new sweeping  restructuring plan.
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Qwest Communications International  Inc.  CEO Richard Notebaert said on Monday he plans to  retire as soon as a replacement can be found, sending the  company&#39;s shares down almost 6 percent.