DEFINITION of 'F. Duane Ackerman'

The former CEO of BellSouth from 1997 to 2006 and chairman from 1998 to 2006. F. Duane Ackerman led the company through the deregulation of the telephone industry, helped it expand its international presence and oversaw its 2006 merger with AT&T.

BREAKING DOWN 'F. Duane Ackerman'

Ackerman joined the company in the customer service department in 1964. Born in Florida in 1942, he earned his MBA from the Massachusetts Institute of Technology. Ackerman has also served as a member of the board for Allstate, the United Parcel Service and Home Depot.

Atlanta-based BellSouth became a part of AT&T after a merger in late 2006 and stopped doing business as BellSouth in mid 2007. It was one of the "Baby Bells" formed after the 1984 breakup of AT&T forced by the U.S. Justice Department's antitrust lawsuit.

  1. Baby Bells

    A common nickname given to the U.S. regional telephone companies ...
  2. C. Michael Armstrong

    A former CEO and chairman of AT&T from 1997 until he resigned ...
  3. Merger

    A merger is an agreement that unites two existing companies into ...
  4. Leo F. Mullin

    A former CEO and chairman of Delta Airlines. Born in 1943 in ...
  5. Phil Condit

    A former CEO and chairman of Boeing. Condit is best known for ...
  6. E. Linn Draper Jr.

    A former chairman, CEO and president of Ohio-based public utility ...
Related Articles
  1. Investing

    The Top 4 AT&T Shareholders (T)

    Discover the four highest-ranked individual holders of AT&T, and how all of them have worked their way through the ranks to get to where they are today.
  2. Investing

    Will Chase ATM Withdrawal Impact Walgreens? (WBA)

    Chase is selling more than 2,500 ATMs in Walgreens and Duane Reade stores.
  3. Insights

    How AT&T Makes Money

    A third of Americans use an AT&T mobile phone. How did it evolve from a state-sponsored monopoly, though antitrust and a technological revolution?
  4. Investing

    If You Had Invested Right After AT&T's IPO (T)

    Analyze how AT&T stock has performed after the company's 1984 IPO, and learn how you would have fared had you been an early investor.
  5. Investing

    AT&T to Gain Unfair Advantage With Time Warner (T, TWX)

    Several AT&T competitors have already complained about the company's tactics that exempt its own video services from affecting its users' data plans.
  6. Investing

    Can AT&T Fund Its $85.5B Time Warner Purchase? (T, TWX)

    Although AT&T generates some $38 billion in operating cash flow, this still leaves it about $40 billion to $45 billion short of making a deal work.
  7. Investing

    Micron Pricing Momentum May Boost Shares: Cowen

    Analysts suggest that the stock is cheap and visibility in memory is high.
  8. Investing

    AT&T's Q4 Earnings Touch on Several Key Areas

    All eyes are on AT&T as it prepares to report earnings after the close of trading Wednesday.
  9. Investing

    AT&T's Q4 Earnings Meet Expectations

    AT&T said its megamerger with Time Warner Inc. will go through some time this year.
  10. Investing

    AT&T Price Target Raised at Jefferies (T)

    AT&T, which has seen its share price rise 12% year to date, still offers some appeal for value seekers even with this outperformance.
  1. Why is the 1982 AT&T breakup considered one of the most successful spinoffs in history?

    Find out why the breakup of AT&T into a number of spinoffs called the Baby Bells was one of the most successful spinoffs ... Read Answer >>
  2. How long does it take for a merger to go through?

    Corporate mergers and acquisitions can vary considerably in the time they take to be completed. There are a number of individual ... Read Answer >>
  3. What can a business do to prevent a merger?

    Learn how to prevent business mergers, including hostile takeovers, that are not in consumers' best interests through the ... Read Answer >>
  4. How does a merger affect the customer?

    Learn how a merger may affect customers of the industry. The effects of mergers may be positive or negative, but there's ... Read Answer >>
  5. How can I develop a profitable merger arbitrage strategy?

    Learn how to utilize a simple merger arbitrage trading strategy to profit from the typical temporary price discrepancies ... Read Answer >>
Hot Definitions
  1. Entrepreneur

    An Entrepreneur is an individual who founds and runs a small business and assumes all the risk and reward of the venture. ...
  2. Money Market

    The money market is a segment of the financial market in which financial instruments with high liquidity and very short maturities ...
  3. Perfect Competition

    Pure or perfect competition is a theoretical market structure in which a number of criteria such as perfect information and ...
  4. Compound Interest

    Compound Interest is interest calculated on the initial principal and also on the accumulated interest of previous periods ...
  5. Income Statement

    A financial statement that measures a company's financial performance over a specific accounting period. Financial performance ...
  6. Leverage Ratio

    A leverage ratio is any one of several financial measurements that look at how much capital comes in the form of debt, or ...
Trading Center