Robert Eugene Allen, Date of Birth, Date of Death

    

Robert Eugene Allen

businessman

Date of Birth: 25-Jan-1935

Date of Death: 10-Sep-2016

Profession: businessperson

Nationality: United States

Zodiac Sign: Aquarius


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About Robert Eugene Allen

  • Robert Eugene Allen (January 25, 1935 – September 10, 2016) was an American telecommunications businessman. He was the president of AT&T between 1986 and 1988.
  • He also served as its CEO and chairman from 1988 to 1997.
  • During this period, he incorrectly forecasted the future of the telecom industry and lacked strategic direction; as a result, AT&T suffered severe losses and lost $12 billion in a few months in 1997.
  • 50,000 employees were then laid off.
  • Because of this, Condé Nast Portfolio ranked Allen as the 12th worst American CEO of all time in April 2009.Born in Joplin, Missouri, Allen grew up in New Castle, Indiana.
  • He graduated from Wabash College in Crawfordsville, Indiana with his bachelor's degree in political science in 1957.
  • While a student at Wabash, he was initiated into the Indiana Beta chapter of the Phi Delta Theta Fraternity.He was elected a fellow of the American Academy of Arts and Sciences in 1994.
  • From 1990 he served on the board of Pepsico.
  • He also served on the governing board of the Mayo Clinic.
  • He served as chairman of The Business Council in 1993 and 1994.

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