Corzine Eyes Comcast-AT&T Board

Author:
Publish date:
Updated on

AT&T Broadband's and Comcast Corp.'s plan to protect board members
from removal after the two companies merge -- and until 2005 -- is coming under
closer scrutiny from Sen. Jon Corzine (D-N.J.).

Corzine, former chairman of Goldman, Sachs & Co., raised the
AT&T-Comcast board issue at a Senate hearing on corporate governance last
week.

'The senator is concerned about the propriety of these provisions in
general,' Corzine spokesman Darius Goore said Friday.

Corzine is working on a corporate-governance bill with Sen. Christopher Dodd
(D-Conn.), chairman of the Securities and Investment Subcommittee.

AT&T and Comcast filed for approval of their $72 billion merger
with the Federal Communications Commission, a spokeswoman said Friday.

The merger must be approved by the FCC and the Department of Justice.

DOJ officials recently asked the companies to file
additional information in support of the deal.

Related