William M. Ellinghaus: Difference between revisions
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He became the company's president and chief operating officer in February 1979.<ref name=":1" /> As a president of the company he oversaw the company's [[Breakup of the Bell System|breakup]] in the early 1980s when AT&T's regional [[Bell System]] was disinvested into independent telephone companies as a settlement for [[United States Department of Justice]] led [[antitrust case]].<ref name=":0" /><ref>{{Cite news|last=Witte|first=Griff|last2=Noguchi|first2=Yuki|date=2005-02-01|title=End of the Line For Ma Bell|language=en-US|work=Washington Post|url=https://www.washingtonpost.com/archive/business/2005/02/01/end-of-the-line-for-ma-bell/9f42b619-20f3-42fd-9dfd-dc5cc6ea4a71/|access-date=2022-01-06|issn=0190-8286}}</ref> After a career spanning 44 years with the company, he retired in 1984.<ref name=":1">{{Cite web|title=William Ellinghaus, president and chief operating officer of American...|url=https://www.upi.com/Archives/1983/12/12/William-Ellinghaus-president-and-chief-operating-officer-of-American/1541440053200/|access-date=2022-01-06|website=UPI|language=en}}</ref> |
He became the company's president and chief operating officer in February 1979.<ref name=":1" /> As a president of the company he oversaw the company's [[Breakup of the Bell System|breakup]] in the early 1980s when AT&T's regional [[Bell System]] was disinvested into independent telephone companies as a settlement for [[United States Department of Justice]] led [[antitrust case]].<ref name=":0" /><ref>{{Cite news|last=Witte|first=Griff|last2=Noguchi|first2=Yuki|date=2005-02-01|title=End of the Line For Ma Bell|language=en-US|work=Washington Post|url=https://www.washingtonpost.com/archive/business/2005/02/01/end-of-the-line-for-ma-bell/9f42b619-20f3-42fd-9dfd-dc5cc6ea4a71/|access-date=2022-01-06|issn=0190-8286}}</ref> After a career spanning 44 years with the company, he retired in 1984.<ref name=":1">{{Cite web|title=William Ellinghaus, president and chief operating officer of American...|url=https://www.upi.com/Archives/1983/12/12/William-Ellinghaus-president-and-chief-operating-officer-of-American/1541440053200/|access-date=2022-01-06|website=UPI|language=en}}</ref> |
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[[File:Photograph of President Gerald R. Ford and His Advisers Meeting with Governor Hugh Carey and New York Officials in the Cabinet Room to Discuss the Financial Situation in New York City - NARA - 7582447.jpg|thumb|Ellinghaus with president [[Gerald Ford]], governor [[Hugh Carey]], and other officials discussing New York's financial situation (1975)]] |
[[File:Photograph of President Gerald R. Ford and His Advisers Meeting with Governor Hugh Carey and New York Officials in the Cabinet Room to Discuss the Financial Situation in New York City - NARA - 7582447.jpg|thumb|Ellinghaus with president [[Gerald Ford]], governor [[Hugh Carey]], and other officials discussing New York's financial situation (1975)]] |
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Earlier, in 1975, he was made the chairman of the New York [[Municipal Assistance Corporation]], and later |
Earlier, in 1975, he was made the chairman of the New York [[Municipal Assistance Corporation]], and later a member of the [[Emergency Financial Control Board]].<ref name=":2">{{Cite news|last=Prial|first=Frank J.|date=1975-08-05|title=Major Trouble Shooter|language=en-US|work=The New York Times|url=https://www.nytimes.com/1975/08/05/archives/major-trouble-shooter-william-maurice-ellinghaus.html|access-date=2022-01-06|issn=0362-4331}}</ref> Along with others including American investment banker [[Felix Rohatyn]], he was drafted to help rescue New York through a [[fiscal crisis]]. The city was running a huge [[budget deficit]] with reduced tax earnings resulting in low cash supply for driving its [[Operating expense|operating expenses]]. When a federal bailout plea was rejected, the group took over the city's [[Fiscal policy|fiscal management]]. The group imposed cuts in city services spending and eventually led the city out of the fiscal crisis and from default.<ref name=":0" /> |
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Ellinghaus also served as the executive vice-president of the [[New York Stock Exchange]] between 1984 and 1986, and the chairman of the the New York area [[PBS]] station [[WNET]] between 1984 and 1990.<ref name=":0" /> He was also appointed as the United States' chairman for the [[United Nations Day]] in 1983 by the then president [[Ronald Reagan]].<ref>{{Cite web|title=Page:United States Statutes at Large Volume 97.djvu/1661 - Wikisource, the free online library|url=https://en.wikisource.org/wiki/Page:United_States_Statutes_at_Large_Volume_97.djvu/1661|access-date=2022-01-06|website=en.wikisource.org|language=en}}</ref> Ellinghaus was also the head of the [[National Arts Stabilization Fund]] which provided grants to various arts groups.<ref name=":0" /> |
Ellinghaus also served as the executive vice-president of the [[New York Stock Exchange]] between 1984 and 1986, and the chairman of the the New York area [[PBS]] station [[WNET]] between 1984 and 1990.<ref name=":0" /> He was also appointed as the United States' chairman for the [[United Nations Day]] in 1983 by the then president [[Ronald Reagan]].<ref>{{Cite web|title=Page:United States Statutes at Large Volume 97.djvu/1661 - Wikisource, the free online library|url=https://en.wikisource.org/wiki/Page:United_States_Statutes_at_Large_Volume_97.djvu/1661|access-date=2022-01-06|website=en.wikisource.org|language=en}}</ref> Ellinghaus was also the head of the [[National Arts Stabilization Fund]] which provided grants to various arts groups.<ref name=":0" /> |
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Revision as of 20:42, 6 January 2022
William M. Ellinghaus | |
|---|---|
| Born | William Maurice Ellinghaus April 19, 1922 Baltimore, Maryland, U.S. |
| Died | January 4, 2022 (aged 99) Bronxville, New York, U.S. |
| Known for | American business executive; President and COO of AT&T during the early 1980s |
William Maurice Ellinghaus (April 19, 1922 – January 4, 2022) was an American business executive who had served as the president and chief operating officer of the American multinational company AT&T. He was the president of the company during its breakup in the 1980s as a settlement to a United States Department of Justice led antitrust case. He also served in New York's Emergency Financial Control Board in the 1970s helping the city through a fiscal crisis and preventing a default.
Early life
Ellinghaus was born on April 19, 1922, in Baltimore, Maryland to Medora (née Watkins) and N. Andrew Ellinghaus. He was the second of three siblings. His father worked with the Chesapeake & Potomac Telephone Company. Ellinghaus grew up in Baltimore and studied at the Forest Park High School and graduated from the school in 1940.[1] He served the US Navy as a reserve sonarman between 1943 and 1945.[1]
Career
Ellinghaus started his career with the Chesapeake & Potomac Telephone Company of Maryland as a phone-installer. He went on to become the company's vice president in 1960 before joining AT&T as a vice president of the New York Telephone Company. He became a president with the company in 1970 and a vice chairman with AT&T in 1976.[2]
He became the company's president and chief operating officer in February 1979.[2] As a president of the company he oversaw the company's breakup in the early 1980s when AT&T's regional Bell System was disinvested into independent telephone companies as a settlement for United States Department of Justice led antitrust case.[1][3] After a career spanning 44 years with the company, he retired in 1984.[2]
Earlier, in 1975, he was made the chairman of the New York Municipal Assistance Corporation, and later a member of the Emergency Financial Control Board.[4] Along with others including American investment banker Felix Rohatyn, he was drafted to help rescue New York through a fiscal crisis. The city was running a huge budget deficit with reduced tax earnings resulting in low cash supply for driving its operating expenses. When a federal bailout plea was rejected, the group took over the city's fiscal management. The group imposed cuts in city services spending and eventually led the city out of the fiscal crisis and from default.[1]
Ellinghaus also served as the executive vice-president of the New York Stock Exchange between 1984 and 1986, and the chairman of the the New York area PBS station WNET between 1984 and 1990.[1] He was also appointed as the United States' chairman for the United Nations Day in 1983 by the then president Ronald Reagan.[5] Ellinghaus was also the head of the National Arts Stabilization Fund which provided grants to various arts groups.[1]
Personal life and death
Ellinghaus married his high school classmate Erlaine (née Dietrich) in 1942 and was married until her death in 2008. He then married Ruth Kelly Miller in 2010.[1][4] Ellinghaus died at his home in Bronxville, New York, on January 4, 2022, at the age of 99.[1]
References
- ^ a b c d e f g h McFadden, Robert D. (2022-01-05). "William M. Ellinghaus Dies at 99; Presided Over AT&T Breakup". The New York Times. ISSN 0362-4331. Retrieved 2022-01-06.
- ^ a b c "William Ellinghaus, president and chief operating officer of American..." UPI. Retrieved 2022-01-06.
- ^ Witte, Griff; Noguchi, Yuki (2005-02-01). "End of the Line For Ma Bell". Washington Post. ISSN 0190-8286. Retrieved 2022-01-06.
- ^ a b Prial, Frank J. (1975-08-05). "Major Trouble Shooter". The New York Times. ISSN 0362-4331. Retrieved 2022-01-06.
- ^ "Page:United States Statutes at Large Volume 97.djvu/1661 - Wikisource, the free online library". en.wikisource.org. Retrieved 2022-01-06.