Stankey, who took over the CEO role from Randall Stephenson on July 1, 2020, saw overall compensation slide to $21 million last year, down from from $22.5 million in 2019, according to a new . window.googletag.pubads().addEventListener('slotOnload', function(event) { When you think about what LMU teaches its students, in terms of Catholic identity and whats important about how we conduct ourselves as citizens of the world and children of Christ, teams work better when people demonstrate respect for individuals and foster an inclusive environment. 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. I received tremendous inspiration from great professors and experiences around learning that were formative in my life, he said. ga('ads.send', { AT&T's WarnerMedia CEO John Stankey made a promise to his wife, Shari. in Finance, which he received after his graduation from Loyola Marymount University. It's fitting that AT&T CEO John Stankey '85 would place emphasis on preparing students for their futures in the business world. In 2022, Stanked made $25 million this includes stock awards for $13.4 million. }); John was born on December 19, 1962, in California, in the United States of America. "You go in hoping for the best hoping people will want to subscribe to the new direction and stay," Stankey said. 1. })
Includes Address (4) Phone (1) See Results. : With Plepler Out, Wall Street Scrutinizes AT&T's Reorg", "2 BELL COMPANIES AGREE TO MERGER WORTH $17 BILLION", "AT&T CEO John Stankey Steps Down From Board of UPS", "AT&T Breaks Up Turner, Bulks Up Warner Bros. in Major WarnerMedia Overhaul", "WarnerMedia CEO John Stankey becomes COO of AT&T", "AT&T said Trump's tax cut would create jobs now it's laying off thousands of workers", "Warner Media Shake-Up: Jason Kilar Replaces John Stankey as Chief Executive", "AT&T CEO Randall Stephenson to step down July 1, to be succeeded by current COO Stankey", "AT&T's DirecTV to become standalone video business", "WarnerMedia Parent AT&T Sells DirecTV Stake To Private Equity Firm TPG", "Analysis: AT&T's ill-fated media play cost it both time and money", "Time Warner is changing its name to WarnerMedia, and the CEO of Turner is leaving", "General Electric, AT&T Investors Reject CEO Pay Plans", "C.E.O. John Stankey is an American businessman whose career was slowly built through hard work in different positions. The reality is that almost every corporation in America has become less functional in how theyre structured and operate, he said. as Randall Stephenson Plans to Retire", "AT&T names John Stankey CEO as Randall Stephenson retires", "What's Next for HBO? Facebook gives people the power to share and makes the world more open and connected. "I do believe it will take multiple providers to satisfy customers.". He earned his MBA at UCLA and ultimately joined AT&T through a series of mergers of phone companies in the 1990s. Brian Costello Tags: Academics, Alumni, Philanthropy, WESTCHESTER MAIN CAMPUS WarnerMedia CEO John Stankey on HBO, CNN, and company growth. workers. Playa Vista, CA 90094 "It's not that there aren't differences around that, but we spend far and away more time on getting three very strong cultures within Time Warner to work together.". To do so, he and his wife, Shari Stankey '83, established a competitive People: John Stankey, Shari Stankey 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. Mr. Stankey grew up in Los Angeles. All Rights Reserved. John Stankey Stankeys Establish Fellowship for Interdisciplinary Research and Creative Work December 1, 2020 It's fitting that AT&T CEO John Stankey '85 would place emphasis on preparing students for their futures in the business world. WarnerMedia needs to be one of those, he said. In 1996 a big change came into his life as Pacific Bell was acquired by SBC communications, subsequently, in 1998 he moved to SBC communication to start a position as the Executive Vice President of Industry Markets. READ ALSO: Marla Maples net worth, age, children, husband, career, tv shows, profiles. 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. As CEO of AT&T, he has become one of the most powerful men in the company. Be the first to get hottest news from our Editor-in-Chief, Check your email and confirm your subscription. He lived a beautiful and blessed life and will be greatly missed. According to the CEOs LinkedIn, he served in various leadership positions at AT&T between 1985 and 2012. The foundation of his bet is a new streaming service that merges all three divisions of the old Time Warner Warner Bros., Turner and HBO. He believes that original content is the key to AT&T standing out among the competition. The goal is to gel over time. To get there requires daily collaboration across the board creatives at Warner Bros. working with HBO and Turner executives, employees working on selling ads against a unified streaming product instead of individual cable networks, and technology developers focusing on a common user experience for all Warner properties. A critic tweeted, Maybe @ATT CEO John Stankey should resign so a POC can take his place, otherwise he's just a hypocrite and perpetuating white supremacy. The second one wrote, Says race baiting white CEO John Stankey. Great work uncovering this POS! If those mistakes are accompanied by a loss of editorial freedom, then CNN will inevitably lose its freedom at some point. This year, he oversaw selling both DTV and WM at a substantial loss. As Stankey is about to find out, its always difficult for a non-journalistic organization to own a news outlet. Unlike most people would assume, most of her wealth is from her career and not from her association with Trump. His family had no prior expertise in the field of business or finance, and so Stankeys first real interaction with those fields came from his B.B.A. The first year of Stankey's tenure has been dominated by headlines of former Time Warner executives leaving their jobs. Stankey owns a real estate property in Palm Desert, California, where he lives. John Stankey just made a big mistake. We'd like it to be us. 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. In 2022, Stanked made $25 million - this includes stock awards for $13.4 million. In other words, AT&T would become an aggregator of aggregated streaming services, based on future deals with to-be-determined economic arrangements. Rufos article quoted an anonymous senior employee and mentioned on his website that managers at AT&T are now assessed annually on diversity issues, with mandatory participation in programs such as discussion groups, book clubs, mentorship programs, and race reeducation exercises. Besides, the staff members reportedly have to sign a loyalty pledge to keep pushing for change, and engage themselves in stuff, like reading more about systemic racism and challenging others language that is hateful. The insider added, If you don't do it, you're a racist.. This is a numerical representation of 90%. Stankey would like to aggregate his streaming service with others and blend it with DirecTV Now for a more robust product in the future, sources say. Refine Your Search Results. I certainly want this funding to go toward phenomenal interdisciplinary experiences that light that spark and makes a difference in an individuals professional life.. eventCategory: event.slot.getSlotElementId(), }); Peter Roth has been with Warner since 1999 and was named president and chief content officer of the Warner Bros. TV Group in 2013. "He has the greatest track record ever. The Stankey Fellowship is the first to have a specific interdisciplinary requirement at LMU. Therefore, his annual estimated salary is $2 million as of 2022. LMU College of Communication and Fine Arts, LMU Frank R. Seaver College of Science and Engineering. That degree was to be the start of a very successful journey into the world of finance and business. [dubious discuss][citation needed], On April 1, 2020, AT&T announced that Stankey would be stepping down as CEO of WarnerMedia. [10] In 2001 Stankey became the President and CEO for SBC Southwest. Stankey was born in 1962 and was the youngest of three. John is happily married to his beloved and beautiful wife Shari Stankey. 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. "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. Share with us in the comments section below. A year later, while holding on to his position as CEO of Warner Media, he also became the COO of AT&T. in Finance in the 1980s. Stankey is chief finance who is a former CEO of WarnerMedia, currently working as the CEO of the former parent affiliation, AT&T. document.querySelector("#adunit").addEventListener('click',function(){ The goal isn't to be No. Stankey won't force customers to switch from HBO Go or HBO Now to the company's new streaming service. READ MORE: John Dickerson Bio, CBS, Age, Height, Family, Face The Nation, Wife, Salary, and Net Worth. if(document.querySelector("#google_image_div")){ In 2015, Stankey was named CEO of AT&T's Entertainment Group. [email protected] Office: 310.338.5133 If AT&T is able to gain scale 70 million subscribers the WarnerMedia streaming service would then consider letting other streaming services latch on, according to people familiar with the matter. [16], Michael Sainato, writing for The Guardian, noted that AT&T had "lobbied aggressively in favor of the 2017 Trump tax cuts", committing to significant job creation (7,000 new positions), as well as to capital investment on the order of US$ $ 1-billion, further noting the significant tax savings the legislation providedUS$ 21-billion at time of passage of the bill, and a further ca. 12105 E. Waterfront Drive, Suite 200 AT&T pays more than $100 billion for Time Warner, leaving it with a debt load that one analyst describes as "terrifying." It's a bet-the-company mission. John Stankey has been with AT&T for 36 years, making him one of the most experienced members of the company. In the unlikely event that CNN does go off the editorial rails, then the board can recommend changes to Stankey, and only after receiving such a recommendation could Stankey interfere in any editorial matters. Disney is also launching its own streaming product. [25] The shareholder action sought to address pay issues in light of the impacts of the COVID-19 pandemic, and in light of the company's massive layoffs, poor service and subscriber results, continued subscriber losses, and middling stock returns. John Stankeys office is in Dallas, Texas, United States, where AT&Ts headquarters are found. That didn't happen by accident.". The inaugural award seeks to intersect journalism, media, computer science, and business, including the areas of media integrity and bias, artificial intelligence, and content creation. The question is whether TV distributors, such as Comcast and Charter, will help HBO market the new streaming application when it's a clear competitor to the traditional pay-TV bundle. The massive layoffs that followed in 2021 and the sale of both DTV and WM at a substantial loss under Stankeys supervision, in combination with the large payoffs received by executives within it, led to a nonbinding vote by the shareholders, which rejected the so far compensation plan used by the company. [6] He previously served as AT&T's president and COO and was former CEO of WarnerMedia. Netflix and Disney are almost certain to be two of the others, he said. Cars Stankey called himself "intellectually curious" and enjoys getting into the weeds of the businesses he owns and operates. Stankey is a 35-year AT&T executive who was named chief operating officer last Septemb [1][2] In 1991, he earned an M.B.A. from UCLA. Previously, he worked as the CEO of WarnerMedia. eventCategory: event.slot.getSlotElementId(), Besides, he grew up with three siblings. Stankey is not a media guy. Check your inbox to be the first to know the hottest news. After the recent revelation, Stankey and AT&T were slammed mercilessly on the internet. [15] While his career is well known, Stankey remains a very private individual, and explicit details about his life can often be hard to find. Expert says it was a 'remarkably clever move', Ex-FBI agent suggests Bryan Kohberger may have killed due to 'incel complex', 'Probably killed drug dealers:' Internet finds Bryan Kohberger's ASKfm photo, calls it a 'jumpscare', Idaho murders: Bryan Kohberger's neighbor reveals last text message he received from him, 'He failed her': Fans shocked by Britney Spears' meltdown at restaurant as husband Sam Asghari walks out. But not everyone at Time Warner has departed. Those that figure out the tech and the content the hybrid will be the winner.". Like. Category: Campus News 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. document.querySelector("#google_image_div").addEventListener('click',function(){ [1] His father was an insurance underwriter and his mother a housewife. With the WarnerMedia -Discovery merger on the cusp of closing, AT&T CEO John Stankey sent a farewell memo to WarnerMedia employees Friday, commending them for their work, and wishing them well. 2023 CNBC LLC. That's not what's happening, said Stankey. 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. Stankey became the telecommunications company's CEO in July 2020 and launched the project Listen Understand Act. John Stankey has been promoted to CEO of AT&T, succeeding Randall Stephenson in the role as of July 1. John stands approximately at the height of 5 feet 6 inches (Approx. 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. Cell: 424.789.2515, Mason Stockstill Category: Campus News His first CEO position came only one year later when in 2001, he became the President and CEO of SBC Southwest. Join Facebook to connect with Shari Stankey and others you may know. Stankey is chief finance who is a former CEO of WarnerMedia, currently working as the CEO of the former parent affiliation, AT&T. "If things don't change, then why did the transaction occur?" Last year, Stankey unveiled a three-tiered streaming service at AT&T's analyst day an inexpensive movie-only service, a premium service with original programming and popular films, and a third service that bundles the first two and adds library content from WarnerMedia. If education is preparing people to move into the workforce, you need to think about an approach to education thats consistent with the environment. in finance from Loyola Marymount University. "Customers want a broad choice," Stankey said. Pin. Businessman Stankey went to Loyola Marymount University, where he graduated with a B.B.A. "They should have kept him there," Hirschhorn said. WarnerMedia, on the other hand, doesn't have ESPN and thus has to build a more compelling streaming service. In time, there will be a livestreaming aspect of the service for CNN and sports content, said Stankey. Seaver College of Science and Engineering, Stankeys Establish Fellowship for Interdisciplinary Research and Creative Work, LMU College of Communication and Fine Arts, LMU Frank R. Seaver College of Science and Engineering. eventAction: 'load' Those not mentioned above include CEO of AT&T Operations, CEO of AT&T Business Solutions, and Chief Information Officer. "Netflix spends $2.5 billion on marketing," Greenfield said. ga('ads.send', { His work during the SBC merge and his ability to handle acquisitions were determining factors in his next position. window.googletag.pubads().addEventListener('impressionViewable', function(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. 12105 E. Waterfront Drive, Suite 200 Kevin Reilly, who ran Turner Broadcasting, is now the content chief for the new streaming service. During his time with AT&T, Stankey appears to have purchased large amounts of stocks in the company (for instance, he bought $1 million of shares in 2021), diversifying in this way his income stream. Several WarnerMedia executives said privately after the event they'd found out about the three-tiered idea for the first time either that day or just a few days earlier. Like Netflix, Disney+, Amazon Prime Video and others, WarnerMedia will also create new originals for the service. The first bit is fine: Stankey is not the editor-in-chief, so its not up to him what gets published; he has promised, as he should, not to pressure CNN to align with AT&Ts view of any given issue. Prior to this role, he served as Senior Executive Vice President of AT&T/Time Warner merger integration planning. Stankey is still looking for a new Warner Bros. chief to replace Tsujihara and is considering both internal and external candidates, including some people from outside of the movie and TV business, he said. All contents 2023 The Slate Group LLC. Thus, our team is keeping close tabs on this section and we will update this as soon as we get clear details. Besides, John led AT&T's procurement of DirectTV and Time Warner in the year 2015 and 2018, independently. Cell: 424.789.9050. AT&Ts site states, Johns leadership drives AT&T to deliver on its purpose to create connections with each other, with what people need to thrive in their everyday lives, and with the stories and experiences that matter, before adding that he joined AT&T in 1985 and has 36 years of accomplished leadership spanning nearly every area of AT&Ts business. "We need to maintain a higher degree of quality for the aggregate offering than what you might see on Netflix or Amazon and find a middle spot between those two in terms of volume," said Stankey. This is not his first CEO position as he has been serving as CEO of different companies since 2001, yet his beginnings were much more humble. 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. He became prominent for leading the AT&T's acquisition of DirecTV and Time Warner. However, she is a talented actor, presenter, film producer, model, spiritual & wellness advocate, and philanthropist who has made great milestones on her own. Its fitting that AT&T CEO John Stankey 85 would place emphasis on preparing students for their futures in the business world. John T. Stankey / Wife / Wife But even more than that, he is a businessman. Shari K Stankey, age 59 View Full Report Address:***** Shadywood Ln, Dallas, TX. He is currently serving as the CEO of AT&T Inc. She seldom appears in public as she likes to stay away from the public sphere and unwanted attention from the media. [17] He goes on to note that AT&T had "eliminated more than 42,000 jobs" since the passage of the tax cut legislation, in the period before it began its June 2020 retail store closures. }); That's also why losing Plepler as HBO's CEO was such a big blow, said Jason Hirschhorn, CEO of Redef Media. He became the President and CEO for SBC Southwest in 2001 and CIO of the new AT&T after the merger of SBC with AT&T Corporation was finalized in 2005. The inaugural award seeks to intersect journalism, media, computer science, and business, including the areas of media integrity and bias, artificial intelligence, and content creation. Or will customers wait for Warner's other assets, such as live sports, to be added to the service? Not to put too fine a point on it, this was the Wrong Answer. Cell: 310.426.0878, Loyola Law School "Content is just a part of a media company. Stanley should be removed, company sucks anyway.. Why did Brian Kohberger leave knife sheath at crime scene? John T. Stankey (born 1962) is an American businessman who is the former CEO of WarnerMedia, and is now the President and COO of AT&T. Stankey led AT&T's acquisition of DirecTV and Time Warner (now WarnerMedia). His family was a traditional 1960s family, with the father working as an insurance underwriter and his mother being a housewife. pg.acq.push(function() { On October 1, 2019, Stankey became the COO of AT&T while continuing to serve as the CEO of WarnerMedia. The effort will be led by Stankey and his new deputies, ex-NBC Entertainment and Showtime head Robert Greenblatt, who will be in charge of WarnerMedia's content and building the streaming service, as well as CNN chief Jeff Zucker, now chairman of WarnerMedia News and Sports, and Gerhard Zeiler, who will oversee affiliate sales of programming and advertising. reporters on a platform technologically tailored to meet the needs of the modern reader. Copyright 2023 Loyola Marymount University. } Marla is famous for being the former US president Trumps second wife. For John Stankey, these areas were a natural combination. US$ 3-billion annually thereafter (arising from the lower corporate tax rate). 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. You go in hoping for the service T & # x27 ; s acquisition of and! 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Tremendous inspiration from great professors and experiences around learning that were formative in my life, he has one... Wo n't force customers to switch from HBO go or HBO Now to the company 's new streaming.! Are almost certain to be two of the most powerful men in the 1990s to this role, has... Race baiting white CEO john Stankey 85 would place emphasis on preparing students for their futures in the.! 59 View Full Report Address: * * Shadywood Ln, Dallas, TX Seaver College of Science and..