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Robert Annunziata

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BUSINESS
April 27, 1999 | ELIZABETH DOUGLASS, TIMES STAFF WRITER
Not long ago, upstart Global Crossing was a tiny speck on the telecommunications frontier. But with a soaring stock price and a string of bold moves, the 2-year-old company and its Los Angeles-based executives have catapulted themselves into the spotlight in an industry filled with powerful players. Global Crossing intends to stay in that spotlight as it works to move beyond its mainstay transoceanic fiber business to become an international telecommunications powerhouse.
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BUSINESS
March 18, 2000 | ELIZABETH DOUGLASS, TIMES STAFF WRITER
When Global Crossing Chief Executive Robert Annunziata abruptly left the telecommunications firm a few weeks ago, sources said he was departing with a "generous" severance package. They weren't kidding. Annunziata received more than $160 million in total compensation for 1999, including his salary, bonuses, severance and gains on millions of options for company stock, according to a financial filing made public Friday.
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BUSINESS
March 18, 2000 | ELIZABETH DOUGLASS, TIMES STAFF WRITER
When Global Crossing Chief Executive Robert Annunziata abruptly left the telecommunications firm a few weeks ago, sources said he was departing with a "generous" severance package. They weren't kidding. Annunziata received more than $160 million in total compensation for 1999, including his salary, bonuses, severance and gains on millions of options for company stock, according to a financial filing made public Friday.
BUSINESS
April 27, 1999 | ELIZABETH DOUGLASS, TIMES STAFF WRITER
Not long ago, upstart Global Crossing was a tiny speck on the telecommunications frontier. But with a soaring stock price and a string of bold moves, the 2-year-old company and its Los Angeles-based executives have catapulted themselves into the spotlight in an industry filled with powerful players. Global Crossing intends to stay in that spotlight as it works to move beyond its mainstay transoceanic fiber business to become an international telecommunications powerhouse.
BUSINESS
February 25, 1999 | From Bloomberg News
AT&T Corp.'s Robert Annunziata, who oversaw $22 billion in annual revenue from business services, quit just eight months after rejoining the No. 1 U.S. long-distance phone company to become chief executive of Global Crossing Ltd. Annunziata, 50, joined AT&T in July as president of business services, after the long-distance provider completed its purchase of local phone company Teleport Communications Group, where Annunziata was chief executive.
BUSINESS
November 3, 1998
AT&T expects to hire more than 1,000 people to sell phone and data services to corporations, said Robert Annunziata, president of AT&T business services. The company is in the process of cutting 18,000 jobs this year, but it expects strong growth in sales to business customers.
BUSINESS
June 2, 2000
PF.Net Communications Inc., a closely held company that's building a fiber-optic network, named former Global Crossing Ltd. Chief Executive Robert Annunziata its chairman, effective immediately. Annunziata, 52, had joined Global Crossing in February 1999 from AT&T Corp. and resigned in March. . . . SBC Communications Inc. and Prodigy Communications Corp. combined their Internet businesses, giving the No. 1 U.S.
BUSINESS
September 3, 1998 | Bloomberg News
AT&T Corp. said it appointed Robert Annunziata president of its business services group, which provides voice and data services to corporations. Annunziata, 50, had been chairman and chief executive of Teleport Communications Group, which AT&T bought in July for $11 billion. AT&T also appointed Frank Ianna president of a new network services unit. He will be responsible for AT&T's local, long-distance and wireless networks, including the former Teleport's operations.
BUSINESS
May 17, 1999 | Times staff and wire reports
Baby Bell phone company US West Inc. and telecommunications company Global Crossing Ltd. are expected to announce a merger possibly as soon as today, sources said. The transaction could involve US West purchasing 9.5% of Global Crossing for roughly $2.4 billion. The two companies would subsequently merge in a 50-50 stock combination, creating a company with $17 billion in annual revenue and a stock market value of $65 billion.
BUSINESS
February 7, 2000 | ELIZABETH DOUGLASS
Global Crossing Ltd., which has executive offices in Beverly Hills, is filling up fast with AT&T Corp. defectors. The most recent arrivals were hired last week by Global Crossing's Sunnyvale-based GlobalCenter Inc. subsidiary, which is run by former AT&T executive Leo J. Hindery Jr. Hindery, who joined Global Crossing in December after a turbulent stint as chief executive of AT&T's Broadband & Internet Services unit, recently hired six executives at GlobalCenter--five from AT&T.
BUSINESS
February 25, 1999 | From Bloomberg News
AT&T Corp.'s Robert Annunziata, who oversaw $22 billion in annual revenue from business services, quit just eight months after rejoining the No. 1 U.S. long-distance phone company to become chief executive of Global Crossing Ltd. Annunziata, 50, joined AT&T in July as president of business services, after the long-distance provider completed its purchase of local phone company Teleport Communications Group, where Annunziata was chief executive.
NEWS
October 15, 2000
Monday is Bosses Day. A recent American Express Co. survey found that a majority of American workers feel their bosses should be given a raise. Other surveys, however, reveal some enlightening facts about executive compensation that workers might want to mull over on Bosses Day: * The median annual total compensation (salary plus bonuses) for chief executives in the U.S. was $1.68 million in 1999. (Report on Salary Surveys) * The most highly compensated U.S. executive in 1999 was Charles B.
BUSINESS
March 6, 2000 | ELIZABETH DOUGLASS
Global Crossing's former chief executive, Robert Annunziata, who left the communications company last week, also walked away from 13 months of service with a few million shares of company stock and a "a generous severance package," according to a source close to the company. Details of the financial package have not yet been disclosed.
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