At the same time, AT&T lost $5.4 billion and laid off thousands of workers. "I believe some in the media are spending a lot of time between what is the culture between AT&T and Time Warner," said Stankey. To sum that up, those are the three CEOs of Time Warner's major divisions and the CEO of Time Warner itself all gone less than a year after AT&T's acquisition. To own and run a news organization, then, is to be on the receiving end of a lot of complaints from powerful individuals, all of whom will argue vehemently that the organization in question is printing unfair lies. [dubious discuss][citation needed], On April 1, 2020, AT&T announced that Stankey would be stepping down as CEO of WarnerMedia. While his career is well known, Stankey remains a very private individual, and explicit details about his life can often be hard to find. hitType: 'event', Another recommendation is Daniel Hills White Fragility: Why It's So Hard for White People to Talk About Racism' by Robin DiAngelo and 'White Awake: An Honest Look at What It Means to Be White. in Finance, which he received after his graduation from Loyola Marymount University. Learn How rich is He in this year and how He spends money? }) He then rose to the rank of senior executive vice president and CTO for AT&T from 2008 to 2012 and the CSO and group president of AT&T from January 2012. He was the CEO of WarnerMedia in 2018 and led AT&T's acquisition of DirecTV (2015) and Time Warner (2018). And Stankey hasn't wasted any time enacting new rules of the land or dismissing those who disagreed. People: John Stankey, Shari Stankey Peter Roth has been with Warner since 1999 and was named president and chief content officer of the Warner Bros. TV Group in 2013. Cell: 310.902.9560, Athletics John Stankey, an American agent born in 1962, is the current CEO of WarnerMedia as well as the President and COO of AT&T. Stankey was instrumental in AT&T's acquisitions of DirecTV and Time Warner (presently WarnerMedia). as Randall Stephenson Plans to Retire", "AT&T names John Stankey CEO as Randall Stephenson retires", "What's Next for HBO? However, the businessman is a very private individual; therefore, details of his personal life are very scarce.. John Stankeys wealth is approximately $31.2 million in 2021, from approximately $24.6 million as of January 2020. Furthermore, his zodiac sign is Sagittarius. "Somebody in the legacy media space will build a platform of scale and get to 70 million to 80 million subscribers. He describes his biggest challenge as breaking down a culture of silos within the old Time Warner. Stankey is chief finance who is a former CEO of WarnerMedia, currently working as the CEO of the former parent affiliation, AT&T. Westchester Main Campus 1 LMU Drive Los Angeles, CA 90045 310.338.2700 Downtown Law Campus 919 Albany Street Shari K Stankey, age 59 View Full Report Address:***** Shadywood Ln, Dallas, TX. 12105 E. Waterfront Drive, Suite 200 Within that year, Stankey received $21 million as payment for his work as CEO of AT&T. }); Tags: Academics, Alumni, Philanthropy, Kristin Agostoni pg.acq.push(function() { in Finance from Loyola Marymount University. Stankey called himself "intellectually curious" and enjoys getting into the weeds of the businesses he owns and operates. This first experience in a telecommunication company proved to be decisive as he has stayed in telecommunications for over three decades. He was Group President, Operations Support, building, liable for planning and dealing with the wireline and remote organizations of AT&T Laboratories, data innovation, land acquisition, client assistance, and Internet Protocol (IP) TV appropriation. Murdoch has received such complaints every week for decades, and knew exactly what he had to do, which was nothing. We are one of the worlds fastest growing Stankey plans to add subscribers by starting with HBO and hitting more underserved demographics. Pin. Stankey sent an email to 230,000 workers of AT&T in April 2021, which was obtained by Rufo, who published it on his website. The John and Shari Stankey Fellowship will rotate among tenure-line faculty for a one- or two-year fellowship for up to $50,000 a year focused on integrating students in meaningful ways. 1. Pay Remains Stratospheric, Even at Companies Battered by Pandemic", https://en.wikipedia.org/w/index.php?title=John_Stankey&oldid=1124006997, This page was last edited on 26 November 2022, at 22:00. That board can meet maybe once a year, to certify the networks editorial quality and thereby ensure its independence. He has never run any kind of news organization, he has no experience in the news business, and hes not going to drop everything to learn it: He has more than enough on his plate already. This would give AT&T added heft in its fight to be one of the handful of streaming services that are seen as must-haves amid the dozens and dozens in the market. TNT and TBS own rights to a number of major sports, including the NBA and NCAA basketball during March Madness. } He is a phone company guy. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Jake Ducey Net Worth | Wife (Ashley Hall) & Biography, Famous Actresses That Share Your Name, Emma. ga('ads.send', { Still, the departures and transitions have led current and past employees to wonder about what, exactly, Stankey and AT&T CEO Randall Stephenson are doing. In 1998, he became the Executive Vice President of Industry Markets and rose to the level of President in 2000. Unlike Disney, which views its $6.99 streaming service as a companion product to traditional pay-TV, Stankey comes at the new media world from a different angle. "He has the greatest track record ever. if(document.querySelector("#google_image_div")){ So when the reporter does their job the right way, does it factually, does it fairly, managements job it to ensure they can do that in the fashion they want. All good reporters annoy the subjects of their reporting, and often those subjects get very upset, and complain that the reporting in question is unfair and unprofessional. In time, there will be a livestreaming aspect of the service for CNN and sports content, said Stankey. Besides, John led AT&T's procurement of DirectTV and Time Warner in the year 2015 and 2018, independently. The goal is to realign the company with the future of media consumption. [17] As such, in the period between 2015 (when Stankey assumed control of DIRECTV and the AT&T Entertainment Group) and 2021, AT&T laid off over 42,000 U.S. In addition, his father served as a security leader while his mother housewife. Those not mentioned above include CEO of AT&T Operations, CEO of AT&T Business Solutions, and Chief Information Officer. "It's the nature of the M&A game.". A good example of this took place when Elizabeth Holmes, the CEO of Theranos, complained to Rupert Murdoch, who was one of her largest investors, about an article the Wall Street Journal, which Murdoch owns, was about to publish. Another problem is that Stankey, for all that he occupies a position very high up the AT&T org chart, simply isnt qualified to make such judgments. It goes without saying that the Trumpists will constantly be telling him that CNN has reached that point, and so hes always going to be on the defensive. hitType: 'event', He began his career in an entry-level position at Pacific Bell in 1985. document.querySelector("#google_image_div").addEventListener('click',function(){ If Stankey wants CNN to be fair and factual, thats good and noble, and he should be very clear with CNNs executives and senior management that fair and factual reporting is what he wants. That's a lot of extra content for little extra money. To do so, he and his wife, Shari Stankey '83, established a competitive People: John Stankey, Shari Stankey Check your inbox to be the first to know the hottest news. His father was an insurance underwriter, and his mother was a housewife. Refine Your Search Results. [15] John Stankey Age How old is John? Born in Anaheim in 1918, son of Amanda and Julius Stankey, John (Ed) was a graduate of UC Berkeley in Electrical Engineering. That deal also partially unwound a major AT&T. As Discovery closes its deal for WarnerMedia, John Stankey, the AT&T chief who oversaw the telecom company's abandoned foray into the media world, bid farewell to his soon-to-be former. 310.338.2700. John Stankeys office is in Dallas, Texas, United States, where AT&Ts headquarters are found. mason.stockstill@lmu.edu window.adsContainer = 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gads_event = event; The John and Shari Stankey Fellowship will rotate among tenure-line faculty for a one- or two-year fellowship for up to $50,000 a year focused on integrating students in meaningful ways. He earned $9,034,333 as CEO of AT&T Entertainment Group for the fiscal year ending in 2016. Notifications can be turned off anytime from browser settings. However, he has not disclosed much information concerning his marital status. Data is a real-time snapshot *Data is delayed at least 15 minutes. All contents 2023 The Slate Group LLC. document.querySelector("#ads").addEventListener('click',function(){ We'd like it to be us. And once he has that job, hes going to find it very hard to shirk the responsibility: If the president of the United States, to take one obvious example, complains to Stankey that a broadcast was unfair and not factual, then its going to be hard for Stankey to say that its not up to him to make that determination. hitType: 'event', While Stankey wouldn't comment on details, people familiar with the matter said the product will initially launch as a subscription-only service for about $15 to $18 per month. The couple has three adorable kids. The obvious oneis folks like me in management dont come and visit you on a particular day if you say something I dont particularly agree with. Los Angeles, CA 90015 Stankey is aware of the confusion that comes with transition. John T. Stankey (born 1962) is an American businessman currently serving as CEO of AT&T Inc. [5] and as a member of AT&T Inc.'s board of directors. The "new direction" Stankey's talking about is a systematic reorganization of Time Warner, renamed WarnerMedia last year. One thing is for sure: Don't expect WarnerMedia's streaming product to be called "Warner+." [1] In the 1980s, he graduated with a B.B.A. Anderson Cooper at a CNN Democratic presidential primary debate at the Whiting Auditorium at the Cultural Center Campus on March 6, 2016 in Flint, Michigan. Marla is famous for being the former US president Trumps second wife. "They should have kept him there," Hirschhorn said. That's also why losing Plepler as HBO's CEO was such a big blow, said Jason Hirschhorn, CEO of Redef Media. [23], On April 30, 2021, AT&T announced that a nonbinding shareholder vote had rejected AT&T's executive compensation proposal by a slight majority. Mr. Stankey grew up in Los Angeles. He became prominent for leading the AT&T's acquisition of DirecTV and Time Warner. Her husband, John Stankey, is one of the most well-known businessmen in America, thanks to his work in AT&T and Warnermedia. Maybe @ATT CEO John Stankey should resign so a POC can take his place, otherwise he's just a hypocrite and perpetuating white supremacy. You can contact him through John Stankeys mailing address, 208 S. Akard Street, Dallas, Texas, or through: John Stankey has gathered a wealth of experience by serving various roles at AT&T. In 2022, Stanked made $25 million - this includes stock awards for $13.4 million. eventAction: 'click_adunit' He is currently scheduled to become CEO of AT&T effective July 1, 2021. The reality is that almost every corporation in America has become less functional in how theyre structured and operate, he said. Its fitting that AT&T CEO John Stankey 85 would place emphasis on preparing students for their futures in the business world. Perhaps the reason Stankey was so relaxed about watching "Game of Thrones" was that he'd already won the real-life version WarnerMedia's iron throne. 310.338.2700, DOWNTOWN LAW CAMPUS eventCategory: event.slot.getSlotElementId(), AT&T CEO John Stankey also sold a 30% stake in DirecTV and other linear pay-TV assets in February, along with operational control, to TPG. Some people say I didn't sign up for that, I signed up for this. The John Stankey net worth figure of $25 million has been accumulated through decades of work as a CEO for prominent businesses, most notably AT&T. Pulling in roughly $20 million per year in the late 2010s, Stankey has done quite well for himself, despite his company's so-so performance under his supervision. John T. Stankey has earned a prosperous net worth of $23 million through his business ventures. When it comes to implementing an interdisciplinary education at LMU, Stankeys rationale for supporting this kind of pedagogy becomes far more personal. Lived In San Luis Obispo CA. Los Angeles, CA 90045 Stanley should be removed, company sucks anyway.. Why did Brian Kohberger leave knife sheath at crime scene? AT&T's biggest unforeseen challenge with Time Warner has been the DOJ's decision to sue to block the merger. HBO isn't a brand that resonates with families and young kids, aside from "Sesame Street," he said. 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