Therefore, John Stankey has an estimated net worth of $70 million. [20] AT&T had paid 48 billion ($67 billion including debt) to purchase DirecTV in 2015. 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. That's also why you want to be both subscription and ad-supported. Those not mentioned above include CEO of AT&T Operations, CEO of AT&T Business Solutions, and Chief Information Officer. To learn more about establishing a faculty fellowship, contact Stacy Barnes, executive director of development, principal gifts, at 310.338.4549 or stacy.barnes@lmu.edu. The reality is that almost every corporation in America has become less functional in how theyre structured and operate, he said. Of the 10 senior executives of the largest media conglomerates, 9 are Jews, have Jewish spouses or work directly towards Jewish/Zionist interests. workers. 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.. eventAction: 'click_image_ads' Netflix and Disney are almost certain to be two of the others, he said. He describes his biggest challenge as breaking down a culture of silos within the old Time Warner. To do so, he and his wife, Shari Stankey 83, established a competitive faculty fellowship award focused on interdisciplinary research and creative work. 310.338.2700, DOWNTOWN LAW CAMPUS hitType: 'event', The "new direction" Stankey's talking about is a systematic reorganization of Time Warner, renamed WarnerMedia last year. }); The couple has three adorable kids. Understand. For John Stankey, these areas were a natural combination. Facebook gives people the power to share and makes the world more open and connected. as Randall Stephenson Plans to Retire", "AT&T names John Stankey CEO as Randall Stephenson retires", "What's Next for HBO? Stankey should happily recuse himself from all such responsibilities, and leave CNN editorial alone. On October 1, 2019, Stankey became the COO of AT&T while continuing to serve as the CEO of WarnerMedia. [21] Stankey also oversaw WarnerMedias sale to Discovery Inc. in May 2021, for $43 billion in cash, plus an estimated $59 billion in Discovery, Inc. The details are still a work in progress. 1.65 m) tall, as John is a man of average stature. Cell: 310.902.9560, Athletics moon area school district news / starbucks product and service design / starbucks product and service design CNN was, for obvious reasons, always going to be the most politically fraught part of AT&Ts acquisition of Time Warner, and so all eyes were on Stankey today when he appeared at a town hall with the networks biggest star, Anderson Cooper. kristin.agostoni@lmu.edu She seldom appears in public as she likes to stay away from the public sphere and unwanted attention from the media. He'd received episodes of the last season of "Game of Thrones" in advance. hitType: 'event', 213.736.1000, PLAYA VISTA CAMPUS Houses Currently no houses listed. 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. 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. Her husband, John Stankey, is one of the most well-known businessmen in America, thanks to his work in AT&T and Warnermedia. 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. Sign up for free newsletters and get more CNBC delivered to your inbox. John Stankey bio also includes the following Quotes. His father was an insurance underwriter, and his mother was a housewife. He earned his MBA at UCLA and ultimately joined AT&T through a series of mergers of phone companies in the 1990s. We'd like it to be us. "I made a commitment.". 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. 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 first year of Stankey's tenure has been dominated by headlines of former Time Warner executives leaving their jobs. 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. 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. 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. }); The goal isn't to be No. His previous experience gives him optimism that new people in leadership positions can rise to the occasion. eventCategory: event.slot.getSlotElementId(), I received tremendous inspiration from great professors and experiences around learning that were formative in my life, he said. Refine Your Search Results. 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. }); John Stankey has an annual base salary of $2.4 million. First CEO Jeff Bewkes stepped away in June, along with Turner CEO John Martin. 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). 2023 CNBC LLC. Check your inbox to be the first to know the hottest news. Besides, John led AT&T's procurement of DirectTV and Time Warner in the year 2015 and 2018, independently. Its fitting that AT&T CEO John Stankey 85 would place emphasis on preparing students for their futures in the business world. "But that incredible capability to produce content needs to be paired with some different skills than a traditional, largely wholesale media company has inherent in their business.". gads_event = event; Several weeks later, Warner Bros. Entertainment CEO Kevin Tsujihara exited amid an inappropriate relationship with an actress. [1], In 1985, Stankey took an entry-level position with Pacific Bell. Stankey is aware of the confusion that comes with transition. Marla is famous for being the former US president Trumps second wife. }); "I can go to [Warner Bros. TV head] Peter Roth and to our creative stable and say 'I need three original series that's going to meet this particular demo.' 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. ga('ads.send', { Stankey has also caught employees off guard by being too public with ideas that weren't fully baked. ga('ads.send', { Thus, our team is keeping close tabs on this section and we will update this as soon as we get clear details. 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. Stankey plans to add subscribers by starting with HBO and hitting more underserved demographics. Stankey won't force customers to switch from HBO Go or HBO Now to the company's new streaming service. A few months later, in July of that same year, Stankey assumed the role of CEO of AT&T Inc. That's similar to HBO Now, which is $14.99 per month. 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. Stankey, by contrast, sounds like hes given himself the job of determining whether any given piece of reporting is fair and factual. media-tech companies with hubs around the world. 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. We want to hear from you. You are already subscribed to our newsletter! 1 it's just to be one of the five families. Copyright 2023 Loyola Marymount University. Stankey is not a media guy. This year, he oversaw selling both DTV and WM at a substantial loss. 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. Who is stankey's wife? John Stankey has been with AT&T for 36 years, making him one of the most experienced members of the company. Customers still want 300 episodes of a sitcom. Stankey has been through eight significant consolidations at AT&T most recently helping to quarterback AT&T's 2015 $67 billion DirecTV acquisition. That deal also partially unwound a major AT&T. That puts more pressure on delivering premium original programming. John stands approximately at the height of 5 feet 6 inches (Approx. Stankey is married to Shari. Nevertheless, he has not disclosed more details concerning his parents identity in public places. Tags: Academics, Alumni, Philanthropy, WESTCHESTER MAIN CAMPUS Besides, John was the Group President-AT&T broadcast activities. ga('ads.send', { 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. The reality is that almost every corporation in America has become less functional in how theyre structured and operate, he said. Besides, he grew up with three siblings. [1] His father was an insurance underwriter and his mother a housewife. Slate is published by The Slate Group, a Graham Holdings Company. [22] AT&T had paid $85 billion for WarnerMedia in 2018. Beyond Time Warner's top executives, within HBO no doubt the jewel of Time Warner division executives such as HBO president of global distribution Bernadette Aulestia, senior VP of digital products Rebekka Rockafeller, executive vice president and senior VP of digital products and chief architect Gilman Wong, president and chief revenue officer Simon Sutton and chief digital officer Diane Tryneski have all recently left the company. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Los Angeles, CA 90015 Be the first to get hottest news from our Editor-in-Chief, Check your email and confirm your subscription. 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). We are one of the worlds fastest growing Stankey worked part-time at a sporting goods store while in high school. But he wouldn't watch. 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. 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. 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. WarnerMedia needs to be one of those, he said. That board can meet maybe once a year, to certify the networks editorial quality and thereby ensure its independence. eventCategory: event.slot.getSlotElementId(), Shari K S, age 60s, Incline Village, NV Search Report Locations: Incline Village NV Possible Relatives: Ashley H C, Bradley T S, B S Charlene E Stankey, age 74, Le Roy, NY Background Check Office: 310.338.5133 document.querySelector("#ads").addEventListener('click',function(){ : 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. [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. 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 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. This won't be an add-on service. Stankey's focus has been getting HBO, Turner and Warner Bros. to work together to create a streaming service that will define the new WarnerMedia. [dubious discuss][citation needed], On April 1, 2020, AT&T announced that Stankey would be stepping down as CEO of WarnerMedia. Notifications can be turned off anytime from browser settings. In February 2017, Stankey appeared before the Mobile World Congress in Barcelona, Spain, discussing his . Stankey said. Stankey became the telecommunications companys CEO in July 2020 and launched the project Listen Understand Act. Those who know him describe him as extremely smart, an excellent operator and possessing a dry sense of humor. In 1998, he became the Executive Vice President of Industry Markets and rose to the level of President in 2000. His family was a traditional 1960s family, with the father working as an insurance underwriter and his mother being a housewife. matthew.lerman@lmu.edu Who wants that? A year later, while holding on to his position as CEO of Warner Media, he also became the COO of AT&T. [1][2] In 1991, he earned an M.B.A. from UCLA. eventAction: 'render' That premium, said Stankey, is precisely why AT&T is making drastic changes. Office: 310.338.7768 His next promotion came not long after, as he became the Executive President of Industry Markets two years later. 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