AT&T (T) - Get Report chairman and CEO C. Michael Armstrong shouldn't quit his day job. Then again, he may not be given a choice.

The

Wall Street Journal

reported that big investors are none-too-pleased with their top executive, especially the company's dismal stock performance so far this 2000. (The company's intra-year high is $61. And yesterday, well, AT&T closed at $28.88, a slim quarter from its year low.)

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The

Journal

cited letters from a pair of New York comptrollers who were displeased with the company's falling stock price. In addition to institutional investors, the paper also quoted some individual investors. As per

Securities and Exchange Commission

regs, AT&T did not comment on the rumors.