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American History 1988

``` Debt, economic decline, immigration; hippies, anti-government, freedom. At the end of the 1980s, a wave of change encompassed a country boy from the Rust Belt. As the gate for upward mobility was on the verge of closing, he struggled to move forward. College, Silicon Valley, entrepreneurship; HP, Apple, Microsoft. To become part of the 1%, or even 0.1%, he sacrificed a lot, but also gained a lot. ```

Quiet thoughts · Urban
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385 Chs

Chapter 139 Arrogance

After spending two days at the AT&T headquarters in St. Louis, Mississippi, William Kennard returned to San Francisco.

His main purpose of visiting the headquarters was to report on the privatization of the NSF network.

Because it had already been split due to antitrust once, AT&T could now legitimately enter the telecommunications industry.

The market for NSF network privatization certainly attracted AT&T's interest, but the situation was somewhat complicated.

The current network data transmission relies on telephone lines, which are owned by the local Bell companies that spun off from AT&T.

AT&T itself has no hardware resources for networking and had already completed its separation from the local Bell companies.

From the perspective of organizational structure and shareholder groups, AT&T has no association with the seven regional Bell companies. Their boards of directors and decision-making bodies are independent of each other, with no interference.