Magazine content is available exclusively for TIME subscribers.JUST THREE EASY PIECES
Can a company be just too darned big? Trustbusters and federal judges have often said so. But for the chief executive of a corporate colossus to agree sounds contrary to nature. And for said chief to insist, entirely voluntarily, on busting up his own company into three pieces--well, only last week did the idea change from unheard of to heard of once. In laconic tones, chairman Robert Allen announced at a Manhattan press conference that he had persuaded the AT&T board to break the company into three independent corporations. It will be the biggest corporate split-up ever, as measured by the...
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