Did you ever think you’d see the day when a news headline (07.26.2004) reads, “AT&T Said to Be Takeover Target.” KKR/Kolberg, Kravis, Roberts is teaming up with ex-ATT execs to line up a possible bid for the firm. Hard to disagree with Newsweek‘s summary: “Being taken over by a financial operator like KKR would mark the final fall of [AT&T].” The battering—and fall—of the mighty continues at an unprecedented pace. If you want more of my (strong) views, see the “Destruction Imperative” chapter in my latest book, Re-imagine!
