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 AT&T Sells Marilyn Cade to FBI for $10 million
posted by Mueller on Thursday April 01 2004, @04:21AM
Milton Mueller writes "Following closely on the heels of its AT&T Wireless sale, AT&T announced today its decision to divest itself of Marilyn Cade. Ms. Cade, an executive in the company’s Law and Government Affairs Department, will be acquired by a unit of the U.S. Department of Justice’s Federal Bureau of Investigation for a price rumored to be US$10 million. The assets of Cade’s unit include a staff of four and three ICANN GNSO constituencies. Theodore Vail, the head of AT&T-LGA, released a statement saying "it took us about five years, but we finally concluded that the millions in expenses and thousands of man-hours Ms. Cade spent annually on participation in ICANN had utterly no relationship to this company’s business interests."
In a private interview, Vail admitted, "This company is losing money and market share, our industry is declining, and we’ve lost bucketloads of money on almost every acquisition we’ve made since 1992. It’s time we came to our senses and concentrated on our core business. We just don’t have the time to be chief regulator of a measly $1.5 billion commodity industry that we don’t even operate in. I mean, I know we blew the original InterNIC contract, but it’s time to get over it."
A spokesperson for the FBI, on the other hand, sounded a far more positive note on Cade’s contribution. "We’ve noticed that Marilyn has been doing exactly what we want done in the ICANN arena for some time," the man (who withheld his identity) said."
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AT&T Sells Marilyn Cade to FBI for $10 million
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Agreed, but definitely, it's a funny joke.
In a related matter that is not a joke, Dow Jones & Company decided to remove three long-standing companies from the world's best known barometer of the U.S. stock market, the Dow Jones Industrial Average. AT&T, Eastman Kodak, and International Paper were removed -- and replaced by AIG, Pfizer, and Verizon Communications.
I must be missing something, did AT&T used to manage the InterNIC Web site? What did its job entail and for how long did it manage it?
Cheers,
Doug
Doug Mehus
http://doug.mehus.info/ [mehus.info]
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