", "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. "Our goal is to build out new demographics by adding libraries," he said. All contents 2023 The Slate Group LLC. Marla is famous for being the former US president Trumps second wife. According to the CEOs LinkedIn, he served in various leadership positions at AT&T between 1985 and 2012. },false) eventCategory: event.slot.getSlotElementId(), Mr. Stankey grew up in Los Angeles. 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. 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. [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. ga('create', 'UA-67136960-15', 'auto', 'ads'); 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. Stay up to date on LMU news via email alerts and RSS feeds. eventCategory: event.slot.getSlotElementId(), [22] AT&T had paid $85 billion for WarnerMedia in 2018. Share with us in the comments section below. hitType: 'event', Journalists are troublesome creatures who are very difficult to manage. John was born on December 19, 1962, in California, in the United States of America. Editorial independence has to be an ironclad commitment. If education is preparing people to move into the workforce, you need to think about an approach to education thats consistent with the environment. }) We'd like it to be us. WarnerMedia CEO John Stankey on HBO, CNN, and company growth. Its not too late for Stankey to fix this problem, by enshrining CNNs editorial independence in a structure beyond his control. Besides, John led AT&T's procurement of DirectTV and Time Warner in the year 2015 and 2018, independently. 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). window.googletag.cmd.push(function() { In other words, AT&T would become an aggregator of aggregated streaming services, based on future deals with to-be-determined economic arrangements. Therefore, his annual estimated salary is $2 million as of 2022. 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. "He has the greatest track record ever. 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. pg.acq.push(function() { Stankey also felt it was important that students be involved either through participation in summer internships, research assistant positions, production assistants or in other significant ways. READ ALSO: Marla Maples net worth, age, children, husband, career, tv shows, profiles. moon area school district news / starbucks product and service design / starbucks product and service design Stankey has put in control of the companys newest acquisition, Time Warner company, in 2018, which was renamed WarnerMedia (WM) under his guidance. 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. 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. [10] hitType: 'event', } Stankey earned most of his wealth from serving as the CEO of AT&T and SBC Southwest. It will be up to Stankey to make sure history doesn't repeat itself. Danielle Cohn Bio, Age, Nationality, Height, Weight, Parents, Boyfriend, Net worth, YouTuber, Songs, Shannon Bream Bio, FOX News, Age, Height, Nationality, Family, Husband, Salary and Net Worth, Natalie Allen Bio, Newsy, CNN, Age, Wedding, Husband, Height, Fredrick Wright, Leaves CNN, Salary and Net Worth, Amber Lee Bio, CBS2, KCAL9, Age, Husband, Family, Weather, Wedding, Salary and Net Worth, Libert Chan Bio, Age, KTLA, Wedding, Luis Strohmeier, Husband, Family, Channel 5, Salary and Net Worth, Marly Rivera ESPN, Bio, Age, Husband, Family, Ethnicity, Measurements, Salary and Net Worth, Sam Brock NBC, Wiki, Age, Wedding, Wife, Height, Family, Leaves NBC News, Salary and Net Worth. This first experience in a telecommunication company proved to be decisive as he has stayed in telecommunications for over three decades. Stankey owns a real estate property in Palm Desert, California, where he lives. We are one of the worlds fastest growing One of these includes a May 31, 2020 article from the Chicago Tribune by columnist Dahleen Glanton, titled White America, if you want to know who's responsible for racism, look in the mirror. Nevertheless, he has not disclosed more details concerning his parents identity in public places. On October 1, 2019, Stankey became the COO of AT&T while continuing to serve as the CEO of WarnerMedia. 213.736.1000, PLAYA VISTA CAMPUS } John Stankey has been promoted to CEO of AT&T, succeeding Randall Stephenson in the role as of July 1. First CEO Jeff Bewkes stepped away in June, along with Turner CEO John Martin. His work during the SBC merge and his ability to handle acquisitions were determining factors in his next position. Who is John Stankey? Phone Number: (214) 901-**** Charlene E Stankey, age 74, Le Roy, NY Background Check Locations: Le Roy NY, Charleston SC Possible Relatives: Denise R Boyce, Keri D Finzer Charlotte E Stankey, age 77, Jamestown, NY Background Check Locations: Le Roy NY, Charleston SC But Time Warner has already gone through one disastrous merger AOL's $162 billion acquisition in 2000. But even more than that, he is a businessman. Shari Stankey is on Facebook. Disclaimer: Comcast owns NBCUniversal, the parent company of CNBC. Copyright 2023 Loyola Marymount University. document.querySelector("#google_image_div").addEventListener('click',function(){ Besides, he belongs to the white heritage. John Stankey Age How old is John? gads_event = event; Customers still want 300 episodes of a sitcom. 310.338.2700. eventCategory: event.slot.getSlotElementId(), Links: en.wikipedia.org. He describes his biggest challenge as breaking down a culture of silos within the old Time Warner. Stankey said. [24] This came after reports that AT&T had "lost [US]$5.4 billion and cut thousands of jobs". That deal also partially unwound a major AT&T. The service will initially be subscription-only but will add a discounted ad-supported version once the platform is stable and an audience is built up, the people said. 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. 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 . 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. [1], In 1985, Stankey took an entry-level position with Pacific Bell. John Stankey bio also includes the following Quotes. if(document.querySelector("#google_image_div")){ 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. window.googletag.pubads().addEventListener('slotRenderEnded', function(event) { eventCategory: event.slot.getSlotElementId(), : 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. The couple has three adorable kids. 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. Resides in Ventura, CA. 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. Check your inbox to be the first to know the hottest news. "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. [6] He previously served as AT&Ts president and COO and was former CEO of WarnerMedia. He is the former president and COO of AT&T, and the former CEO of WarnerMedia. Notifications can be turned off anytime from browser settings. ][citation needed], Last edited on 26 November 2022, at 22:00, Learn how and when to remove this template message, "AT&T's John Stankey hopes to avoid a disconnect in merger with Time Warner", "The Path Forward: Bridging the Broadband Gap with AT&T CEO John Stankey", "AT&T CEO Randall Stephenson to step down, COO Stankey to take over", "AT&T Names John Stankey C.E.O. Practically speaking, theres only one way that an owner can respond to such complaints, which is to say that the news operation has editorial independence, and that editorial questions have to be addressed to the head of editorial, which in CNNs case is Jeff Zucker. Nearly one year ago, after a prolonged fight against the Department of Justice, AT&T and Stankey got control of a sprawling media company that's really three major media companies in one: The legendary Warner Bros. production studio, founded in 1923; Turner Broadcasting, named for media mogul Ted Turner, which merged cable stations including CNN, TBS and TNT with Time Warner in 1996; and HBO, founded in 1972 by Charles Dolan and sold to Time Inc. as the first national cable channel. }); 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. 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. There are two big reasons for this, one principled and one pragmatic. Instead, he'd watch with her, in real time, at home including the finale. 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. John Stankey is the highest employee in the hierarchy of AT&T Inc, a global leader in telecommunications, media and entertainment, and technology. John Stankey's House. While at AT&T, he's held positions including president and CEO of AT&T Business Solutions, president and CEO of AT&T Operations, group president of Telecom Operations, chief technology officer, chief information officer, and chief of strategy. During the period of the merger, he served as the Chief Information Officer or CIO, and upon the finalization of the merger in 2005, he took on the position of Senior Executive Vice President and Chief Technology Officer for AT&T. Stanley should be removed, company sucks anyway.. Why did Brian Kohberger leave knife sheath at crime scene? 310.338.2700, DOWNTOWN LAW CAMPUS He is 60 years old. To do so, he and his wife, Shari Stankey 83, established a competitive faculty fellowship award focused on interdisciplinary research and creative work. hitType: 'event', He also contributes to individual campaigns, for instance, to Friends of John Thune in 2016. Its fitting that AT&T CEO John Stankey 85 would place emphasis on preparing students for their futures in the business world. For decades, Time Warner has successfully operated in silos, Stankey said, with Warner Bros., Turner and HBO all executing independently. in Finance in the 1980s. 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. [1] In the 1980s, he graduated with a B.B.A. That premium, said Stankey, is precisely why AT&T is making drastic changes. 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. The goal isn't to be No. [3][9] He assumed the CEO role of AT&T effective July 1, 2020, succeeding Randall L. Stephenson. 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. Peter Roth has been with Warner since 1999 and was named president and chief content officer of the Warner Bros. TV Group in 2013. In 2018, he also became the CEO of WarnerMedia, which included Warner Bros., HBO, CNN, and Cinemax. window.adsContainer = 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