DEFINITION of David W. Dorman
David Dorman has had a lengthy and beneficial career in the telecommunications industry, working on the VIP executive track at Sprint, AT&T, Pointcast, Pacific Bell and SBC. Dorman’s career in the 90s and early 2000s reads like a history of the telecommunications sector during those times. He is perhaps best known as having served AT&T as president, CEO, and chairman of the company from between 2002 – 2006. Today, Dorman is the founding partner of Centerview Capital Technology Partners. He also serves on the boards of CVS Healthcare, PayPal Holdings, Yum! Brands and the Georgia Tech Foundation.
BREAKING DOWN David W. Dorman
Dorman was born in 1954 in Georgia and earned his Bachelor of Science degree in industrial management with high honors from the Georgia Institute of Technology in 1975. In 1981, Dorman joined a young company that would later become a part of Sprint Communications as employee #55 and thus began his climb up the ladder, beginning his ascension at Sprint first as a manager. By 1990, he had reached the height of president. But Dorman found he had higher aspirations. In 1994, at the age of 39, he became the youngest CEO of a Baby Bell when he became the chairman, CEO, and president of Pacific Bell between 1994-1997.
In 1997, SBC acquired Pacific Bell and in the ensuing negotiations, Dorman became an executive vice president at SBC, a demotion that wasn’t entirely to his liking having had a taste of the president, CEO and chairman positions at Pacific Bell and so he began to seek other options.
By 1998 he was then offered the titles of president, CEO, and chairman at a company aimed at the convergence market of media products known as PointCast. The company had a flash-pan existence and was known for “push media” at a time when customers were more likely to be wooed into destination web use, by getting all their media services from portals like Yahoo! Nevertheless, Dorman was given a $1 million signing bonus and a salary of $250,000. Despite Dorman’s efforts, the company ran short of capital by 1999 and Dorman took another CEO position at Concert Communications, a company that was a joint venture between AT&T and British Telecommunications to provide worldwide telephone and data services. While it would prove that Concert Communications aims weren’t realistic, the position brought Dorman into the limelight at AT&T. When Concert failed to deliver on promises, Dorman was offered the position of president at AT&T, an offer he accepted in December 2000. Dorman later was given the titles of president, CEO, and chairman at AT&T between 2000-2006.
While at AT&T, Dorman worked to modernize the company's infrastructure, sell its services as bundles, make it the largest Internet provider, pay down its debt and increase its stock value. In 2005, the company began to be acquired by SBC and Dorman said he would stay on with the company after the merger, but ended up resigning in 2006 to pursue other options when the merger was complete.
Today, Dorman has a full plate at the Chairman of the Board at CVS Healthcare and other board service positions while also running his private equity investment company, Centerview Capital Technology Partners.