MONEY: you can download Suze Orman’s new book free

Here’s a quick reminder that Suze Orman will be on The Oprah Winfrey Show this afternoon to discuss jumpstarting your personal finances in 2009. Serena wrote to let me know that until next Thursday (15 January 2009), you can download Suze Orman’s new book free from Oprah’s web site.

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RANT: Judge Green’s Bell breakup did more than ruin people’s lives.


News Discussion: AT&T Alumni
Does the AT&T Break UP Still Matter? –
From: New York Times | December 19, 2008

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   When AT&T grudgingly agreed to break itself up 25 years ago, it was seen as a truly momentous event in the history of the teleco Read more at New York Times »

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Gene Russell
   * This article was submitted on December 19, 2008 at 09:00 AM PST

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I wrote the marketing and financial sections of the Pacific Telephone & Telegraph “Evaluation of Post Divestiture Provision of Customer Premises Equipment” Business Plan while on Jim Moberg’s team reporting to Sam Ginn. Ultimately many of Judge Green’s rules and regulations destroyed a lot of business strength and growth opportunities. For example the newly minted baby Bells were prohibited from manufacturing telephone equipment i.e. CPE. Ultimately we went off shore and created an intense stream of jobs to go away. We went to LG in Korea, some minor players in Hong Kong and ultimately to China. This lightly written and short article needs a much more serious study and review of all aspects of the break up, the restrictive rules imposed by a Judge without a business background. Many people speak about the break up in terms of their personal experience with their phone and phone service. The deeper industrial and corporate wastage and inefficiencies need to be given serous academic review. PhD proposal anyone?

By Gene Russell President and CEO

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I know first hand the personal disruption this caused. Family and friends were hurt. I landed on my feet. In some ways, much better off. However, those friends and family never recovered. My mom was forced out after 45 years. She was expecting to work for another 5 years. They did give her 2 years pay. But, she was “her job” and never recovered. My friend was bounced around, ill-treated in the spin outs, and basically tossed. He was out for several years trying to find a slot. There went his “retirement”.

As a country, having been at the Labs a few times, that was the country’s crown jewel. That was nuked.

Western Electric, the manufacturing arm, was nuked as well.

A tremendous cost in people, hardware, and potential.

Down the drain by a bureaucrat in a funny dress.


Collective stupidity.

Supposedly to save money?

I just shake my head.

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