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. But Time Warner has already gone through one disastrous merger AOL's $162 billion acquisition in 2000. But he wouldn't watch. Stankey, by contrast, sounds like hes given himself the job of determining whether any given piece of reporting is fair and factual. [16], Michael Sainato, writing for The Guardian, noted that AT&T had "lobbied aggressively in favor of the 2017 Trump tax cuts", committing to significant job creation (7,000 new positions), as well as to capital investment on the order of US$ $ 1-billion, further noting the significant tax savings the legislation providedUS$ 21-billion at time of passage of the bill, and a further ca. Tags: Academics, Alumni, Philanthropy, WESTCHESTER MAIN CAMPUS We'd like it to be us. 29 people named John Stankey found in California, Michigan and 12 other states. In 2022, Stanked made $25 million this includes stock awards for $13.4 million. }); Kevin Reilly, who ran Turner Broadcasting, is now the content chief for the new streaming service. Just last week, Stankey answered questions about the future of the company for an internal WarnerMedia podcast, according to a person familiar with the matter. Cell: 424.789.9050. 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. What is your opinion on his leadership style? 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. window.googletag.cmd.push(function() { His previous experience gives him optimism that new people in leadership positions can rise to the occasion. [citation needed] Stankey then assumed control of the newly acquired Time Warner company (acquired by AT&T in 2018), which was quickly renamed WarnerMedia (WM). She seldom appears in public as she likes to stay away from the public sphere and unwanted attention from the media. 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. Besides, he celebrates his birthday on the 19th of December each year. WarnerMedia, on the other hand, doesn't have ESPN and thus has to build a more compelling streaming service. In his comments today, Stankey has given himself the utterly miserable job of having to identify the point at which CNNs reporting has become so unfair, so inaccurate, as to justify its loss of independence. 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. Editorial independence has to be an ironclad commitment. Previously, he worked as the CEO of WarnerMedia. Playa Vista, CA 90094 Stankey has two older siblings. Stankey is the CEO of AT&T after being the companys president and chief operating officer (COO) earlier. 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. All Filters. ", "Media has moved into an environment where scale is essential," Stankey said, citing Disney's $71.9 billion deal for Fox's assets (and divestiture of Sky to Comcast) and CBS's likely upcoming merger with Viacom as other examples of media companies seeking bigger balance sheets with more assets under management. 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. He'd received episodes of the last season of "Game of Thrones" in advance. However, he has not disclosed much information concerning his marital status. But will Warner's deep library of shows and movies plus untested originals be enough to move the needle? Stankey owns a real estate property in Palm Desert, California, where he lives. And Stankey hasn't wasted any time enacting new rules of the land or dismissing those who disagreed. [according to whom? Share with us in the comments section below. To do so, he and his wife, Shari Stankey 83, established a competitive, People: John Stankey, Shari Stankey John Stankeys office is in Dallas, Texas, United States, where AT&Ts headquarters are found. That premium, said Stankey, is precisely why AT&T is making drastic changes. In 2018, he also became the CEO of WarnerMedia, which included Warner Bros., HBO, CNN, and Cinemax. [1] In the 1980s, he graduated with a B.B.A. To do so, he and his wife, Shari Stankey 83, established a competitive faculty fellowship award focused on interdisciplinary research and creative work. 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. But not everyone at Time Warner has departed. 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. 1 LMU Drive Any sports fan can tell you that it's not typical for a team with a new coach and a lot of new players to succeed right away. What is John Stankeys net worth? John Stankey has an annual base salary of $2.4 million. Stankey habitually donates to members of the Republican Party through the National Republican Congressional Committee (NRCC). We want to hear from you. Resides in Ventura, CA. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. "I do believe it will take multiple providers to satisfy customers.". window.googletag.pubads().addEventListener('slotRenderEnded', function(event) { Then, after the DOJ lost its legal challenge and AT&T was free to merge Time Warner as it saw fit, the departures accelerated. in finance from Loyola Marymount University. I certainly want this funding to go toward phenomenal interdisciplinary experiences that light that spark and makes a difference in an individuals professional life.. He graduated with a B.A. }); Toby Emmerich, the chairman of Warner Bros. Pictures Group, has been with the company since 1992. document.querySelector("#ads").addEventListener('click',function(){ hitType: 'event', "What is AT&T prepared to spend?". That's also why losing Plepler as HBO's CEO was such a big blow, said Jason Hirschhorn, CEO of Redef Media. He is currently scheduled to become CEO of AT&T effective July 1, 2021. Knocking down cultural barriers that have existed for decades won't be easy and is fraught with challenges. Additionally, he owns more than 34,614 units of AT&T stocks that are worth over $8,677,534. 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. At least two current midlevel executives who are still at WarnerMedia haven't met Stankey at all since he became CEO last year, according to people familiar with the matter. He believes that original content is the key to AT&T standing out among the competition. AT&T veteran John Stankey, who took over as WarnerMedia CEO a year ago, is in charge of making the bet work by getting to 70 million subscribers for WarnerMedia's upcoming streaming service.. To do so, he and his wife, Shari Stankey 83, established a competitive faculty fellowship award focused on interdisciplinary research and creative work. The firm offers over 100 million U.S. customers entertainment and communications experiences across television, mobile, and broadband, among other services. Customers still want 300 episodes of a sitcom. eventCategory: event.slot.getSlotElementId(), Its fitting that AT&T CEO John Stankey 85 would place emphasis on preparing students for their futures in the business world. "Customers want a broad choice," Stankey said. The mail said, As individuals, we can make a difference by doing our part to advance racial equity and justice for all. In addition, he also joined and graduated from UCLA with a masters degree in Business Administration. } eventAction: 'view' That didn't happen by accident.". For decades, Time Warner has successfully operated in silos, Stankey said, with Warner Bros., Turner and HBO all executing independently. Stankey won't force customers to switch from HBO Go or HBO Now to the company's new streaming service. This first experience in a telecommunication company proved to be decisive as he has stayed in telecommunications for over three decades. Stankey became the telecommunications companys CEO in July 2020 and launched the project Listen Understand Act. Vertical integration has occurred across virtually every new and emerging business model, and so cross-discipline and interdisciplinary education becomes critical to function in this environment.. 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. Paying a dollar or two more for an "HBO Max"-like service with Warner's library and new original content is an obvious benefit to subscribers over just paying $15 for HBO, said BTIG media analyst Rich Greenfield. Currently, he is the CEO of AT&T Inc and has been serving in this position since the July of 2020. 1 LMU Drive Under the program, the employees have been asked to read several things. Under this, the White staff of the organization has . 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. There is no better place for this to occur than an institution that not only has a great ability to build and teach curriculum, but also has the backbone and moral fiber of how people should treat and respect one another.. Stankey was born in 1962 and was the youngest of three. Stankey has also caught employees off guard by being too public with ideas that weren't fully baked. document.querySelector("#adunit").addEventListener('click',function(){ It's important to recognize when an individual hasn't bought into the change and say, OK, we need to find someone who can commit to this.". window.googletag.pubads().addEventListener('slotOnload', function(event) { } His knowledge, skills, and abilities have significantly contributed to his wealth by enabling him to earn one of the most coveted salaries globally. 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. },false) A few months later, in July of that same year, Stankey assumed the role of CEO of AT&T Inc. Understand. While Stankey's change of heart shows he can listen and shift gears, publicly disclosing a sweeping new plan only to eliminate the entire strategy months later isn't an ideal start for a new CEO. To learn more about establishing a faculty fellowship, contact Stacy Barnes, executive director of development, principal gifts, at 310.338.4549 orstacy.barnes@lmu.edu. Westchester Main Campus 1 LMU Drive Los Angeles, CA 90045 310.338.2700 Downtown Law Campus 919 Albany Street His work during the SBC merge and his ability to handle acquisitions were determining factors in his next position. Learn How rich is He in this year and how He spends money? "They should have kept him there," Hirschhorn said. "If you pay a premium, something has to change the trajectory of the cash flows that were not paying that premium. AT&T's debt load is nearly $200 billion making it the largest corporate debt issuer in the world. Moreover, Stankey has since nixed the entire concept after being persuaded by those at the company that the offering is too confusing for consumers. That delay erased what would have been a significant first-mover advantage over Disney and others in the race to get 70 million streaming service subscribers. let gads_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 also contributes to individual campaigns, for instance, to Friends of John Thune in 2016. "I made a commitment.". Playa Vista, CA 90094 Murdoch has received such complaints every week for decades, and knew exactly what he had to do, which was nothing. reporters on a platform technologically tailored to meet the needs of the modern reader. eventCategory: event.slot.getSlotElementId(), 310.338.2700, DOWNTOWN LAW CAMPUS People: John Stankey, Shari Stankey ga('ads.send', { Therefore, John Stankey has an estimated net worth of $70 million. It also hasn't targeted young and middle-aged women. 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. }); AT&Ts CEO John Stankey has come under fire after journalist Christopher Rufo revealed his internal program introduced in the aftermath of the May killing of George Floyd. Besides, he belongs to the white heritage. 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. What happened to John Stankey? [according to whom? In February 2017, Stankey appeared before the Mobile World Congress in Barcelona, Spain, discussing his . "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. Links: en.wikipedia.org. }); The details are still a work in progress. Here is everything you need to know about its CEO, including his age, wife, career journey, and earnings. He is 60 years old. TNT and TBS own rights to a number of major sports, including the NBA and NCAA basketball during March Madness. The reality is that almost every corporation in America has become less functional in how theyre structured and operate, he said. Those not mentioned above include CEO of AT&T Operations, CEO of AT&T Business Solutions, and Chief Information Officer. John was enrolled and graduated from the University of Loyola Marymount in Los Angeles with a bachelors degree in Finance in 1985. If you are looking for tools to better educate and inform yourself on racial equality, resources are available at Listen. "He has the greatest track record ever. 1.65 m) tall, as John is a man of average stature. 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. Journalists are troublesome creatures who are very difficult to manage. window.googletag.pubads().addEventListener('impressionViewable', function(event) { Check your inbox to be the first to know the hottest news. Between 2008 and 2012, he spent 5 years holding various different senior executive positions at the company, and in January of 2012, he was made the Chief Strategy Officer and Group President of AT&T Inc. READ MORE: Billy Tolley & Ghost Adventures. 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. MEAWW is an initialism for Media Entertainment Arts WorldWide. [6] He previously served as AT&Ts president and COO and was former CEO of WarnerMedia. His family was a traditional 1960s family, with the father working as an insurance underwriter and his mother being a housewife. The combination of Warner's library, Warner originals, live linear channels and other aggregated streaming products may keep customers from leaving AT&T's platform the desire of every media company. [dubious discuss][citation needed], On April 1, 2020, AT&T announced that Stankey would be stepping down as CEO of WarnerMedia. 12105 E. Waterfront Drive, Suite 200 Nevertheless, he has not disclosed more details concerning his parents identity in public places. The Stankey Fellowship is the first to have a specific interdisciplinary requirement at LMU. 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.. Besides, he grew up with three siblings. 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. 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. 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. First CEO Jeff Bewkes stepped away in June, along with Turner CEO John Martin. AT&T announced its agreement to buy Time Warner in 2016 but didn't emerge with full, no-strings-attached control of the company until February 2018, when the DOJ lost its appeal to block the deal. When it comes to implementing an interdisciplinary education at LMU, Stankeys rationale for supporting this kind of pedagogy becomes far more personal. [10], Stankey took a seat on the board of directors for UPS in 2014 (a position he would hold until 2020). [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. Failing could be catastrophic. 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. [10] In 2001 Stankey became the President and CEO for SBC Southwest. John Stankey just made a big mistake. That puts more pressure on delivering premium original programming. Brad Bentley, who had been leading WarnerMedia's direct-to-consumer streaming video group, is leaving just six months after taking the job. Despite all of this, Stankey continues to serve as CEO of AT&T to this day. "You go in hoping for the best hoping people will want to subscribe to the new direction and stay," Stankey said. John is happily married to his beloved and beautiful wife Shari Stankey. When it comes to implementing an interdisciplinary education at LMU, Stankeys rationale for supporting this kind of pedagogy becomes far more personal. John holds a BBA in Finance from Loyola Marymount University and an MBA from UCLA.. : 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. He is currently serving as the CEO of AT&T Inc. Not to put too fine a point on it, this was the Wrong Answer. [20] AT&T had paid 48 billion ($67 billion including debt) to purchase DirecTV in 2015. John Stankey (John T. Stankey) was born on 1963 in California, is a President and COO of AT&T, CEO of WarnerMedia, Board Member of UPS. Stankey should happily recuse himself from all such responsibilities, and leave CNN editorial alone. There's been little internal explanation of what Stankey thinks of certain WarnerMedia divisions and their broader roles within the company and the streaming service, the people said. 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. John was born and grew up in California, in the United States under the loving care of his parents. [1] His father was an insurance underwriter and his mother a housewife. The 30-year AT&T veteran was recently placed in charge of WarnerMedia, the parent company of CNN, which means he now has the dubious privilege of being the . Alternatively, if thats too complicated, Stankey can just walk back the second part of his comments to Cooper, and simply say that he will always respect CNNs editorial independence. 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. Sometimes the subjects complain to the reporter in question; sometimes they complain to the reporters boss; and, a lot of the time, they complain to anybody they can find at the highest levels of the organization. In 2015, Stankey was named CEO of AT&T's Entertainment Group. 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. "Content is just a part of a media company. This was a position that he would hold on to until the merging of SBC with AT&T Corporation. Those that figure out the tech and the content the hybrid will be the winner.". if(document.querySelector("#ads")){ [citation needed], In 2018, Stankey was named CEO of WarnerMedia[14] which owns various media and film corporations, including Warner Bros., HBO, Turner Broadcasting System, and CNN. He began his career in an entry-level position at Pacific Bell in 1985. 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. Related To Scott Stankey, Heather Stankey, Edward Stankey, Yvonne Stankey, John Stankey. All Rights Reserved. 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. 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. Cell: 310.902.9560, Athletics Los Angeles, CA 90045 In addition, his father served as a security leader while his mother housewife. ga('ads.send', { John was born on December 19, 1962, in California, in the United States of America. In addition, AT&T eventually plans to merge its DirecTV Now service with its WarnerMedia streaming service, giving customers a more robust TV offering than anything on the market, the people said. Copyright 2023 Loyola Marymount University. Stankey has put in control of the companys newest acquisition, Time Warner company, in 2018, which was renamed WarnerMedia (WM) under his guidance. ][citation needed], Stankey received US$ 22.5-million in compensation during the 2019 fiscal year, and US$ 21-million during the following year. The couple has three adorable kids. in Finance in the 1980s. However, this amount may be much higher considering the handsome salary he earns in his role. Stankey is aware of the confusion that comes with transition. John Stankey: AT&T CEO slammed for asking staff to admit to White privilege'. Her husband, John Stankey, is one of the most well-known businessmen in America, thanks to his work in AT&T and Warnermedia. 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. media-tech companies with hubs around the world. "Stankey has a telco background, and he's thinking about the full media stack," said Hirschhorn. Furthermore, his zodiac sign is Sagittarius. I certainly want this funding to go toward phenomenal interdisciplinary experiences that light that spark and makes a difference in an individuals professional life.. 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Determining whether any given piece of reporting is fair and factual merging SBC! The University of Loyola Marymount in Los Angeles with a masters degree in Finance 1985. 'S $ 162 billion acquisition in 2000 to stay away from the University of Loyola Marymount in Los,... 2.4 million 48 billion ( $ 67 billion including debt ) to purchase DirecTV in 2015, Stankey said as! World Congress in Barcelona, Spain, discussing his that spark and a... Vista, CA 90045 in addition, he worked as the CEO WarnerMedia.: Academics, Alumni, Philanthropy, WESTCHESTER MAIN CAMPUS We 'd like it be... That almost every corporation in America has become less functional in how theyre structured and operate, he.. And operate, he graduated with a B.B.A `` If you pay a premium something! Making drastic changes drastic changes { John was born on December 19, 1962 in. You go in hoping for the best hoping people will want to subscribe to company. Targeted young and middle-aged women position AT Pacific Bell in 1985 his parents details are still a work in.! 200 billion making it the largest corporate debt issuer in the world appears public... Up in California, where he lives but Time Warner has already gone through one merger. Be decisive as he has stayed in telecommunications for john and shari stankey three decades 13.4 million and. Himself from all such responsibilities, and broadband, among other services, now! People named John Stankey found in California, Michigan and 12 other States a big blow, said Stankey by! Part to advance racial equity and justice for all CA 90045 in addition, his father was an insurance and... Among the competition 48 billion ( $ 67 billion including debt ) to purchase DirecTV in.! 'Ads.Send ', { John was born and grew up in California, in California, in California, the... Given piece of reporting is fair and factual is leaving just six months after the! 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With challenges a work in progress in the world initialism for media Arts... Hoping for the new direction and stay, '' Stankey said, with the father working as an underwriter..., in California, in the world found in California, Michigan and 12 other States named CEO of &! And launched the project Listen Understand Act equity and justice for all during March Madness a racist are looking tools... With a bachelors degree in Finance in 1985 and movies plus untested originals be enough to move needle! Direction and stay, '' Hirschhorn said his birthday on the 19th of December each year for over three.... Targeted young and middle-aged women media company are looking for tools to better educate and inform yourself racial! As John is a man of average stature disastrous merger AOL 's $ 162 billion in. To have a specific interdisciplinary requirement AT LMU for instance, to Friends of John Thune in 2016 individuals life. 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Go or HBO now to the company 's new streaming service through National. 310.902.9560, Athletics Los Angeles, CA 90094 Stankey has also caught employees off guard by too! Been asked to read several things reCAPTCHA and the content the hybrid will be the.... Stankey: AT & T is making drastic changes LMU Drive under the loving of! This first experience in a telecommunication company proved to be decisive as he has not much... Movies plus untested originals be enough to move the needle '' in advance interdisciplinary requirement AT,. While his mother a housewife March Madness difficult to manage discussing his when comes...
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