Just retired CEO of Cummins Engine, Henry Schacht unexpectedly tapped Bob Allen, CEO and chairman of AT & T, to become CEO of the soon-to-be-spun off Lucent Technologies. Lucent, consisting of former Bell Labs and Western Electric units of AT & T, increases by 1% to 16% annual growth of the market. Neither unit had profit and loss, balance sheet, or a consolidated number. Set in October 1995, Schacht is going to meet with a rich McGinn, its newly appointed chief operating officer, who had hoped to obtain a position as CEO. IPO filing was for 90 days. Case is designed for use in courses on strategic change management, repairs and training, management or policy management strategy. "Hide
on LJ Bourgeois, Anthony Hamilton-Little Source: Darden School of Business 8 pages. Publication Date: July 17, 2001. Prod. #: UV1603-PDF-ENG
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