New York--AT&T Corp., the largest U.S. long-distance phone company, said it's changing the duties of its top executives, giving Chairman and Chief Executive C. Michael Armstrong more control over Tele-Communications Inc. once its acquisition is completed.
Leo Hindery, president of Englewood, Colo.-based TCI, the No. 2 U.S. cable television company, will report to Armstrong. Previously, he was to report to AT&T President John Zeglis.
Zeglis will now oversee international operations and long-distance and wireless services.
Shares of New York-based AT&T fell $2.31 to close at $85.88 on the New York Stock Exchange.