Adelphia Cable
"Adelphia is one of the nation's leading cable companies with more than 5.3 million residential customers nationwide. In addition to cable entertainment Adelphia offers digital cable, high-speed internet access, long distance telephone service, and home security" (Adelphia).
The leadership of this company currently consists of 18 officers. One officer for each of the five regions Adelphia covers. One officer in each of the following: Human Resource, Finance, Customer Care, Marketing, Programming, Media Services, Chief Accounting Officer, and Information Technology. Currently the top four officers for Adelphia Communications are as follows, Brad Sonnenberg, Executive VP of General Counsel and Secretary, Vanessa Wittman, Executive VP and Chief Financial Officer, Ron Cooper, President and Chief Operating Officer and William T. Schleyer who is the Chairman and CEO of Adelphia Cable. Prior to Schlleyer's employment for Adelphia he was engaged as a Principal in Pilot House Ventures, President and COO of Media One, President and COO of Continental Cablevision, Inc.
The company was founded in 1952 in the small town of Coudersport, Pennsylvania and incorporated in 1972. By 1998 Adelphia had passed the two million-customer milestone for its cable television service while, at the same time, rapidly expanding a new line of telecommunications products and services. By 1999 Adelphia more than doubled its reach with three major acquisitions, extending their services into 30 states and serving more than 5 million customers. Presently Adelphia Cable is the fifth-largest cable television company in the United States. "Adelphia Communications Corporation has traveled a path from relative obscurity through notoriety and into the national spotlight. It is working now under the new leadership to address the issues of it's past and emerge from Chapter 11 bankruptcy to become a broadband industry leader with a reputation for strong and effective corporate governance" (Adelphia).
Adelphia Communications offers a variety of different products such as Cable for more than 5.3 million residential customers nationwide, digital cable, high-speed Internet access, long distance telephone service, and home security along with 24-hour customer service.
In July 2002 John Rigas (Former CEO) and two of his sons were arrested and charged with looting the cable TV company of hundreds of millions of dollars to pay for luxury condos, a golf course, and to cover personal investment loses. "The complaint alleges that members of the Rigas family that controlled Adelphia systematically looted the corporation. In less than four years, the complaint alleges, they stole hundreds of millions of dollars and through their fraud caused losses for investors of more than $60 billion" (CNN).
The company that I have chosen is Comcast Cable Company. Currently, Comcast is the leader in the home entertainment industry. Comcast offers their customer's: cable television, internet service, home phone service, television screaming app, home security, and mobile service. The company is working to compete with AT&T/ Direct TV, Dish Network, Hulu, Netflix and sling Tv. The competitors do offer cheaper service, but Comcast is known mostly for its great internet service. Xfinity Instant TV and Xfinity Mobile are the newest product that has been launched by Comcast. Xfinity Mobile has two phone plans, and you must have Xfinity internet service. Xfinity Mobile plans are: By the Gig data and Unlimited data. The By the
3. Shaw Direct provides direct-to-home satellite programming to more than 900,000 subscribers - largest in the country
He has served as director in over 40 public companies and also serves as a
NIKKI FINKE, E., & ANDREEVA, N. (2014). Comcast Internal Memo From NBC Universal Boss Steve Burke Reveals Organizational Structure Under New Owners. Deadline.com. Retrieved 18 May 2014, from http://www.deadline.com/2010/11/breaking-comcast-internal-email-from-nbc-universal-boss-steve-burke-reveals-new-organizational-structure/
Television, the phone, and the internet. These inventions have uniquely shaped the 20th century and have led to the 21st century being known as the age of information. These services are the primary ways we communicate, express ourselves, and reach out in our ever increasing global world. In the United States, these services are provided by a number of different firms, chief among them is Comcast, being the largest provider of Cable and internet in America, and a large telephone provider. Next to it stands Time Warner Cable, the second largest provider of cable in the United States. The decision for Comcast to buy Time Warner Cable for forty-five billion dollars in 2014 has led to many criticizing the merger, calling it a monopoly. Others have called the whole cable system an oligopoly. For it to be a monopoly or an oligopoly, it would have to fit their respective categories. The merger between Comcast and Time Warner Cable would not create a true monopoly, but would give it significant market power because it has monopoly resources and can be considered a natural monopoly. It will also further its power in a market dominated by oligopolies. People argue that it is not a danger to Americans for this merger to happen, but when one looks at the practices Comcast already uses, it paints
AT&T’s roots stretches all the way back to 1875, when Alexander Graham Bell created the first telephone. The main reason AT&T was created was to exploit the creation of the telephone. AT&T became a parent company to the Bell system, which was a phone company monopoly. They created a long distance telephone network that went from New York to Chicago and then on to San Francisco. Then in 1984 AT&T split into eight different phone companies. They built out to Denver in 1899 and then they hit a rough patch, the signal wasn’t too strong. Luckily, AT&T created the first practical electrical amplifier in 1913. And this made transcontinental communication possible. Bell’s patent expired in 1894 and only Bell telephone could only legally operate in the U.S. The number of telephones grew as phone wires spread across the nation, there where about 3,317,000 phones. The only downside to this early story is that, only phones with the same phone company could contact each other, this was being fixed in 1913. In 1925 there was a new president, Walter Gifford, he sold International Western Electrical Company to the ITT for 33 million to make AT&T universal. In January 1, 1984 was changed and revitalized, it no longer was the bell system. It had a new global icon, as you see today. IN 1984 AT&T carried around 37.5 million calls a day. CEO, Robert Allen, announced that on Septemb...
Verizon Communications Inc. has 13 Board of Directors, 1 CEO, 8 Executive Vice Presidents, 2 Presidents, and 5 Senior Vice Presidents. “Verizon Communications Inc., based in New York City and incorporated in Delaware, was formed on June 30, 2000, with the merger of Bell Atlantic Corp. and GTE Corp. Verizon began trading on the New York Stock Exchange (NYSE) under the VZ symbol on Monday, July 3, 2000.” Verizon Communications Inc. is a publicly held Corporation. In this paper I will discuss the corporate roles and duties of a corporation. I will also discuss the differences of a publicly held and Closed corporation. Finally, I will discuss which type of corporation I prefer.
Channel Exposure- AT&T is adequate in its point of sales. They intend to match most competitors in using Radio Shack, BEST Buy, Walmart, Mall locations, high visible real estate traffic.
Jordan Belfort is the notorious 1990’s stockbroker who saw himself earning fifty million dollars a year operating a penny stock boiler room from his Stratton Oakmont, Inc. brokerage firm. Corrupted by drugs, money, and sexuality he went from being an innocent twenty – two year old on the fringe of a new life to manipulating the system in his infamous “pump and dump” scheme. As a stock swindler, he would motivate his young brokers through insane presentations to rile them up as they defrauded investors with duplicitous stock sales. Toward the end of this debauchery tale he was convicted for securities fraud and money laundering for which he was sentenced to twenty – two months in prison as well as recompensing two – hundred million in restitution to any swindled stock buyers of his brokerage firm (A&E Networks Television). Though his lavish spending and berserk party lifestyle was consumed by excessive greed, he displayed both positive and negative aspects of business communications.
The telecommunications industry is of vital importance to the development of the information-based economy. AT&T need to supply access to cost efficient, timely and innovative telecommunications services.
fraud – three in the Rigas family, two other executives held, accused of mass looting. The
Due to such lack of monitoring, management continued to be unaware of such transactions that continued to impact the company negatively. This provided the Rigas family many opportunities to override controls since the lack of corporate governance enabled the decisions to be made by Rigas family without oversight. For example, the article “Adelphia Officials are Arrested, Charged with ‘Massive’ Fraud” discuses how Timothy Rigas had to limit himself to $1 million a month of compensation that was withdrawn from the company for personal use. All decisions were continuously made by such members of the family, in which case for Adelphia, was the team of management. With the lack of controls creating opportunity, they were free to do what they wished- which is something they took incredible advantage
Vodafone is the world's largest mobile telecommunications community, employing over 65,000 staff and with over 130 million customers. The business operates in 26 countries worldwide. Vodafone is a public limited company with listings on the London and New York stock exchanges.
We intend to exploit our leadership role by continuing to target and enter segments of the communications market that we believe will experience rapid growth or grow faster than the industry as a whole....
Later that year, Dennis Kozlowski resigned. In September of 2002 then-former CEO Dennis Kozlowski, former CFO Mark Swartz, and former General Counsel Mark Belnick were sued for accounting frauds. In 2005 both Dennis Kozlowski and Mark Swartz were sentenced to 8 to 25 years in prison.