Business Movers

Breaking Bell | Wheelin' & Dealin' | 2

16 snips
Jul 3, 2025
The podcast dives into the tumultuous world of AT&T as it grapples with failed deals and intensifying competition. Tension rises as legal battles with MCI threaten AT&T's monopoly, showcasing the fierce fight for market dominance. The narrative also reveals the intersection of faith and parental rights within the context of business politics. Key moments highlight a corporate lobbyist's heated exchange with a senator about a controversial bill, all culminating in the challenges faced by AT&T's new chairman during a pivotal leadership transition.
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ANECDOTE

John DeButts' Early Retirement

  • John DeButts resigned early as AT&T chairman after 30 years, feeling he had become a liability in Washington.
  • He endorsed Charlie Brown as his successor, believing new leadership was essential to save AT&T.
INSIGHT

AT&T's Monopoly Challenged

  • AT&T was a natural monopoly but faced new competition from MCI in the 1970s, sparking legal and regulatory battles.
  • This marked a challenge to the traditional telecommunications monopoly with rising government intervention.
ANECDOTE

MCI’s Execunet Controversy

  • MCI launched Execunet, a switched long-distance service exceeding its FCC license, prompting AT&T to push for FCC investigation.
  • The FCC initially approved due to unclear paperwork, but later reversed its decision under AT&T's pressure.
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