AT&T Inc said on Monday it would add two new board members and consider selling off up to $10 billion worth of non-core businesses next year, bowing to pressure from activist investor Elliott Management. Elliott, which revealed a $3.2 billion stake in the company in September, has been pressing the telecommunications giant to cut costs, make management changes and scale back expansion aspirations. The company also said that it expects Randall Stephenson to remain chief executive officer through at least 2020. …read more
Source:: Yahoo Finance
