Mad Money Vent on Pat (Patrica) Russo of ALU

Mad Money Show 09-14-07 Fri.

Patricia Russo (born in 1953, in Trenton, New Jersey) is the current chief executive officer of Alcatel-Lucent, one of the world's largest communication equipment manufacturers. Lucent was a spin-off from AT&T of its Systems and Technology units (AT&T Technologies, Inc., the former Western Electric), and the manufacturing and research and development operations, including Bell Laboratories. On April 2, 2006 it was announced that Russo would assume the CEO role of a new combined company made up of the French communications company Alcatel and Lucent. This merger has become effective on December 1st 2006. Pat Russo is now the CEO of the combined company called Alcatel-Lucent, Serge Tchuruk, the former CEO of Alcatel, remaining the Chairman of the group.

The combined company is now one of the largest in the world in terms of revenues (over $25 billion) run by a woman.

Since Patricia Russo took office, the combined Alcatel-Lucent has lost more than 40% of its value ( As of October 2007) , which rips off all the value from Lucent which accounted for 40% of combined company valuation at time of acquisition.

Forbes magazine rated Russo as the thirteenth most powerful woman in the world in 2005. Russo is a graduate of Lawrence High School and Georgetown University and serves on its Board of Trustees.

She is married and has two stepchildren.

Category:

People & Blogs

Tags:

• Mad
• Money
• Russo
• ALU
• Alcatel
• Lucent

[njmarkca]

What? Are you sure you're commenting on the right video?

[izzymotto]

I have always had great respect for Cramer until this. My god, get your priorities straight before you come on air. I know you are very passionate about stocks. But stocks are not all that matters.