Leo Hindery Jr.: Hanging Up With No Hard Feelingsby
Mission accomplished. That was the parting message from Leo Hindery Jr. as he announced his resignation as head of AT&T's cable operations on Dec. 7. "It was my job to get the company running right and then sell it," says the former president of Cable giant TCI, which was acquired by AT&T earlier this year for $44 billion. Now the 52-year-old Hindery joins an AT&T competitor, long-distance upstart Global Crossing.
He'll be the new chief executive of the company's wholly owned GlobalCenter, which provides Internet switching services for Yahoo!, eToys, and the 300 largest Internet services. Hindery figures he can take the $200 million-a-year company public sometime in mid-2000.
As for AT&T, where he had frequent disagreements with company Chairman C. Michael Armstrong, Hindery professes not to have any hard feelings. "The guy who sells the company rarely is around to run it," he says. AT&T, says Hindery, just might end up being a GlobalCenter customer as well.