Time May Be On John Walter's Side

Despite rumors, AT&T's president still holds a strong hand

Where is AT&T President John R. Walter? As rumors fly that he will be forced out if merger talks between AT&T and SBC Communications Inc. lead to a deal, the heir apparent to Chairman and Chief Executive Robert E. Allen is nowhere near his office in the Basking Ridge, N.J., headquarters. On the evening of May 29th, he and his wife, Carol, boarded a flight to Europe for a scheduled 10-day vacation.

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