Changes

In 1887, Vail resigned as General Manager of the AT&T because of conflict in management style with his superiors. He didn't want to compromise his management principle.  He believed that the company needs to expand its service to attain growth but his superiors believe otherwise, for them dividend is more important.<ref>[http://www.porticus.org/bell/capsule_bell_system.html#The Corporation Is Born AT&T (Long Lines) Appears and Mr. Vail Exits]</ref>

In 1887, Vail resigned as General Manager of the AT&T because of conflict in management style with his superiors. He didn't want to compromise his management principle.  He believed that the company needs to expand its service to attain growth but his superiors believe otherwise, for them dividend is more important.<ref>[http://www.porticus.org/bell/capsule_bell_system.html#The Corporation Is Born AT&T (Long Lines) Appears and Mr. Vail Exits]</ref>

AT&T continued to grow but the company incurred a large financial debt. In 1907, JP Morgan gain control of the AT&T debt financing and decided to convinced Theodore Vail to serve as President of the company. Vail accepted the position on May 1, 1907. Under his leadership, Vail implemented the '''One Policy, One System, One Universal Service'''. He also implemented good public relations to compete with independent telephone companies and revitalize the companies under the Bell System.<ref>[http://www.porticus.org/bell/capsule_bell_system.html#The Corporation Is Born Mr. Vail Goes to Work]</ref>

AT&T continued to grow but the company incurred a large financial debt. In 1907, JP Morgan gain control of the AT&T debt financing and decided to convinced Theodore Vail to serve as President of the company. Vail accepted the position on May 1, 1907. Under his leadership, Vail implemented the '''One Policy, One System, One Universal Service'''. He also implemented good public relations and acknowledge that the Bell System is natural monopoly cooperating with state regulation. He instituted standard operating procedures within the company and regained the national control in telephone service. Vail retired in 1919 and during that period AT&T's structure and operation is already modern.<ref>[http://www.porticus.org/bell/capsule_bell_system.html#The Corporation Is Born Mr. Vail Goes to Work]</ref>

==Early International Expansion==

==Early International Expansion==