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    Alsiona Tafilaj
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    Attribution Non-Commercial (BY-NC)
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    2 views5 pages

    Case 62

    Uploaded by

    Alsiona Tafilaj

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    of 5
    CASE 46 AT&T DIVIDEND POLICY On January 9, 1982, AT&T signed a consent decree with the US. Justice Department, which had argued that AT&T was making it tough for people to buy equipment and services from competing companies. The proposed remedy was to have AT&T spin off the companies that provide local telephone service, These companies—commonly called “Baby Bells’—still enjoy a monopoly over substantial portions of their slow-growing, but stable markets. In contrast, AT&T was to provide high-tech equipment and services in fast-growing areas, ‘Asa result, when the breakup finally happened in 1984, AT&T was transformed froma company with extremely stable earnings into a multibillion

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