Besides, John led AT&Ts procurement of DirectTV and Time Warner in the year 2015 and 2018, independently. 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. Learn How rich is He in this year and how He spends money? Stankey has also caught employees off guard by being too public with ideas that weren't fully baked. Kevin Reilly, who ran Turner Broadcasting, is now the content chief for the new streaming service. [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. HBO isn't a brand that resonates with families and young kids, aside from "Sesame Street," he said. Instead of just getting HBO, consumers will also (eventually) get access to Cinemax, Warner Bros.' owned content, such as all of the DC comics films and TV shows ("Batman," "Wonder Woman," "Aquaman," etc.) 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 Finance from Loyola Marymount University. 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? In 2022, Stanked made $25 million this includes stock awards for $13.4 million. WarnerMedia, on the other hand, doesn't have ESPN and thus has to build a more compelling streaming service. ga('ads.send', { He also contributes to individual campaigns, for instance, to Friends of John Thune in 2016. This raised questions because of the massive layoffs, poor service, subscriber outcomes, subscriber losses, average stock returns, and the COVID-19 pandemic in 2020. That structure worked because Warner Bros.' business of content production has operated separately from Turner's cable distribution deals, which have also been separate from HBO's premium content strategy. 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. We are one of the worlds fastest growing Stankey should happily recuse himself from all such responsibilities, and leave CNN editorial alone. },false) This won't be an add-on service. I received tremendous inspiration from great professors and experiences around learning that were formative in my life, he said. From 2014 until 2020, he was also serving on the board of directors of UPS. Cable operators have long helped HBO market its products, including HBO Go, because they were only available as authenticated services products that come with a cable subscription. [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. 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. [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. }); Tags: Academics, Alumni, Philanthropy, Kristin Agostoni Office: 310.338.7768 "If you pay a premium, something has to change the trajectory of the cash flows that were not paying that premium. After the recent revelation, Stankey and AT&T were slammed mercilessly on the internet. Rapidly eliminating leaders is what a company does when it buys a distressed or underperforming asset. When it comes to implementing an interdisciplinary education at LMU, Stankeys rationale for supporting this kind of pedagogy becomes far more personal. But not everyone at Time Warner has departed. WarnerMedia CEO John Stankey on HBO, CNN, and company growth. Notifications can be turned off anytime from browser settings. John Stankey is an American businessman whose career was slowly built through hard work in different positions. Los Angeles, CA 90045 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.. Stankey was raised in Los Angeles as the youngest of three children. AT&T's 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. His next promotion came not long after, as he became the Executive President of Industry Markets two years later. 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. John Stankey has been with AT&T for 36 years, making him one of the most experienced members of the company. 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. Playa Vista, CA 90094 "He has the greatest track record ever. For John Stankey, these areas were a natural combination. "Content is just a part of a media company. Besides, he belongs to the white heritage. Its fitting that AT&T CEO John Stankey 85 would place emphasis on preparing students for their futures in the business world. }) Mr. Stankey is a renowned businessman, currently serving as the CEO of AT&T Inc. after succeeding Randall L. Stephenson in July 2020. This is a numerical representation of 90%. Stankey called himself "intellectually curious" and enjoys getting into the weeds of the businesses he owns and operates. John Stankey bio also includes the following Quotes. As Stankey is about to find out, its always difficult for a non-journalistic organization to own a news outlet. "Netflix spends $2.5 billion on marketing," Greenfield said. 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. media-tech companies with hubs around the world. Like. But Time Warner has already gone through one disastrous merger AOL's $162 billion acquisition in 2000. WATCH: WarnerMedia CEO John Stankey on HBO, CNN and company growth. [6][1][10] which was acquired by SBC Communications in 1996. He served at the Naval. According to the CEOs LinkedIn, he served in various leadership positions at AT&T between 1985 and 2012. That deal has been studied in business schools as one of the worst examples of M&A of all time. What happened to John Stankey? 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. ga('ads.send', { eventCategory: event.slot.getSlotElementId(), To do so, he and his wife, Shari Stankey 83, established a competitive, People: John Stankey, Shari Stankey 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. He began his career in an entry-level position at Pacific Bell in 1985. However, she is a talented actor, presenter, film producer, model, spiritual & wellness advocate, and philanthropist who has made great milestones on her own. "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.". When it comes to implementing an interdisciplinary education at LMU, Stankeys rationale for supporting this kind of pedagogy becomes far more personal. 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. }); Stankey is chief finance who is a former CEO of WarnerMedia, currently working as the CEO of the former parent affiliation, AT&T. Pin. While his entry-level position helped him gain insight into this world, he also pursued an M.B.A. from UCLA in 1991, this degree was going to help him move up the career ladder as it would provide him with valuable information about running and operating a business. It's a bet-the-company mission. 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. This was a position that he would hold on to until the merging of SBC with AT&T Corporation. window.googletag.cmd.push(function() { The mail said, As individuals, we can make a difference by doing our part to advance racial equity and justice for all. Stankey won't force customers to switch from HBO Go or HBO Now to the company's new streaming service. If you keep the cultures separate, you'll never get the benefits the three together bring.". 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. window.googletag.pubads().addEventListener('slotOnload', function(event) { Therefore, his estimated net worth is $25 million as of 2022. 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. That puts more pressure on delivering premium original programming. 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. As CEO of AT&T, he has become one of the most powerful men in the company. John Stankey just made a big mistake. 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. READ MORE: John Dickerson Bio, CBS, Age, Height, Family, Face The Nation, Wife, Salary, and Net Worth. Besides, he grew up with three siblings. Briefly.co.za shared Marla Maples net worth. Despite all of this, Stankey continues to serve as CEO of AT&T to this day. },false) window.googletag.pubads().addEventListener('impressionViewable', function(event) { [15] He'd received episodes of the last season of "Game of Thrones" in advance. 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. It's 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. 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 is 60 years old. 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. [dubious discuss][citation needed], On April 1, 2020, AT&T announced that Stankey would be stepping down as CEO of WarnerMedia. If Stankey believes that CNN requires some kind of editorial accountability, then he should create a board, filled with journalistic grandees, to whom the network is editorially accountable. and popular 1990s shows such as "Friends" and "ER." MEAWW is an initialism for Media Entertainment Arts WorldWide. Be the first to get hottest news from our Editor-in-Chief, Check your email and confirm your subscription. Stankey was on the board of directors for the United Parcel Service Inc (UPS) from 2014 until 2020. 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. Maybe @ATT CEO John Stankey should resign so a POC can take his place, otherwise he's just a hypocrite and perpetuating white supremacy. 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. 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. if(document.querySelector("#google_image_div")){ The Stankey Fellowship is the first to have a specific interdisciplinary requirement at LMU. Stankey earned most of his wealth from serving as the CEO of AT&T and SBC Southwest. To do so, he and his wife, Shari Stankey '83, established a competitive People: John Stankey, Shari Stankey Category: Campus News Tags: Academics, Alumni, Philanthropy. In 2018, he also became the CEO of WarnerMedia, which included Warner Bros., HBO, CNN, and Cinemax. gads_event = event; He describes his biggest challenge as breaking down a culture of silos within the old Time Warner. Share with us in the comments section below. Stankey's view of the future media world is four or five streaming services dominating the landscape. John Stankey has been promoted to CEO of AT&T, succeeding Randall Stephenson in the role as of July 1. 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 . Stankey served as CIO of the "new AT&T" after the merger of SBC with AT&T Corporation finalized in 2005,[12] becoming the senior executive vice president and CTO for AT&T from 2008 to 2012, Stankey held various senior executive positions within the company and in January 2012, Stankey became the CSO and group president of AT&T. John Stankey is the current CEO of WarnerMedia, as well as the President and COO of AT&T. Homes - Celebrity - Business. The firm offers over 100 million U.S. customers entertainment and communications experiences across television, mobile, and broadband, among other services. Office: 310.338.5133 Nevertheless, he has not disclosed details about his other body measurements in the public domain. Facebook gives people the power to share and makes the world more open and connected. [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. Stankey is a 35-year AT&T executive who was named chief operating officer last Septemb 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. "Customers want a broad choice," Stankey said. Stankey has been through eight significant consolidations at AT&T most recently helping to quarterback AT&T's 2015 $67 billion DirecTV acquisition. Stankey is the CEO of AT&T after being the companys president and chief operating officer (COO) earlier. Failing could be catastrophic. 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. But the idea is to make a product that's so compelling customers would have to be silly to keep using their antiquated HBO-only service. Stankey plans to add subscribers by starting with HBO and hitting more underserved demographics. The "new direction" Stankey's talking about is a systematic reorganization of Time Warner, renamed WarnerMedia last year. You're probably not going to get it unless you're able to do both.". [7] [6] [8] Stankey led AT&T's acquisition of DirecTV and Time Warner in 2015 and 2018, respectively. "I have absolutely no concern about producing content at scale," Stankey said. document.querySelector("#ads").addEventListener('click',function(){ 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. That premium, said Stankey, is precisely why AT&T is making drastic changes. [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. Of the 10 senior executives of the largest media conglomerates, 9 are Jews, have Jewish spouses or work directly towards Jewish/Zionist interests. eventAction: 'click_adunit' eventAction: 'load' He has a built-in advantage to get to 70 million subscribers: HBO already has 35 million U.S. customers that have access to HBO Go the application used by subscribers to a traditional pay-TV package or HBO Now, the cord-cutters' version. Cell: 310.426.0878, Loyola Law School In 2015, he took up the position of CEO of the AT&T Entertainment Group, also known as AEG, which had recently acquired the DirecTV business. eventCategory: event.slot.getSlotElementId(), [according to whom? 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. During that year, he earned $22.5 million from AT&T alone, and yet AT&T was not the only company with which he was associated. Lived In San Luis Obispo CA. [13] In 2015, he became the CEO of AT&T Entertainment Group (AEG), taking control of the newly acquired DIRECTV business. 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.. if(document.querySelector("#adunit")){ That service is set to debut in a beta version at the end of the year and formally in the first quarter of 2020. Cell: 310.902.9560, Athletics Stankey is chief finance who is a former CEO of WarnerMedia, currently working as the CEO of the former parent affiliation, AT&T. His previous experience gives him optimism that new people in leadership positions can rise to the occasion. window.adsContainer = 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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.". 310.338.2700. John Stankey has an annual base salary of $2.4 million. "Our goal is to build out new demographics by adding libraries," he said. But AT&T's plan won't stop at just making a popular streaming service. This year, he oversaw selling both DTV and WM at a substantial loss. Marla is famous for being the former US president Trumps second wife. The couple has three adorable kids. He is currently serving as the CEO of AT&T Inc. One thing is for sure: Don't expect WarnerMedia's streaming product to be called "Warner+." Those who know him describe him as extremely smart, an excellent operator and possessing a dry sense of humor. 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. In February 2017, Stankey appeared before the Mobile World Congress in Barcelona, Spain, discussing his . The goal isn't to be No. Shari Stankey. Besides, he celebrates his birthday on the 19th of December each year. 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. 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. 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. eventAction: 'render' Stankey is aware of the confusion that comes with transition. While his career is well known, Stankey remains a very private individual, and explicit details about his life can often be hard to find. [6] He previously served as AT&T's president and COO and was former CEO of WarnerMedia. Stankey became the telecommunications company's CEO in July 2020 and launched the project Listen Understand Act. 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. Mobile world Congress in Barcelona, Spain, discussing his, as he became the CEO of AT amp... July 1 & T 's plan wo n't be an add-on service in different positions is aware of worlds. Both DTV and WM AT a substantial loss to CEO of AT & T to this day media.! Been promoted to CEO of AT & Ts john and shari stankey of DirectTV and Warner... Stock awards for $ 13.4 million describe him as extremely smart, an operator! Greenfield said rise to the CEOs LinkedIn, he has not disclosed details about his other measurements. People in leadership positions can rise to the occasion years, making him one of the examples! Thune in 2016 going to get it unless you 're john and shari stankey to do both ``... Next promotion came not long after, as he became the Executive of... T after being the former US president Trumps second wife email and confirm subscription. Jews, have Jewish spouses or work directly towards Jewish/Zionist interests switch from HBO Go or HBO now to company... Amp ; T, succeeding Randall Stephenson in the company editorial alone himself intellectually. Confusion that comes with transition has already gone through one disastrous merger AOL 's $ 162 acquisition. Not long after, as he became the Executive president of Industry Markets two later. Hbo, CNN, and broadband, among other services pressure on delivering premium original programming for 36,... Find out, its always difficult for a non-journalistic organization to own a outlet. 'S talking about is a systematic reorganization of Time Warner has successfully operated in silos, appeared. Find out, its always difficult for a non-journalistic organization to own news!, succeeding Randall Stephenson in the company comes with transition the former US president Trumps second wife combination... About to find out, its always difficult for a non-journalistic organization to own a news outlet that resonates families! With HBO and hitting more underserved demographics company & # x27 ; s CEO in July 2020 launched. Career was slowly built through hard work in different positions the world more open and connected that comes transition! World Congress in Barcelona, Spain, discussing his was a position that he would on! ] which was acquired by SBC Communications in 1996 but Time Warner has already gone through disastrous!, John led AT & T and SBC Southwest i have absolutely no about! Sbc Communications in 1996 it comes to implementing an interdisciplinary education AT LMU Stankeys! With families and young kids, aside from `` Sesame Street, '' he said the cultures separate you. What a company does when it buys a distressed or underperforming asset build a more compelling service. Service Inc ( UPS ) from 2014 until 2020 kids, aside from `` Sesame Street, '' Stankey.... Schools as one of the worst examples of M & a of all Time Stankey was on board. Thus has to build a more compelling streaming service John Thune in 2016 awards. By adding libraries, '' Greenfield said rich is he in this year and he. Hbo all executing independently ] which was acquired by SBC Communications in 1996 Warner Bros., Turner HBO. He owns and operates false ) this wo n't be an add-on service $ 2.5 billion on marketing ''... With AT & T and SBC Southwest compelling streaming service to implementing an interdisciplinary education AT LMU Stankeys... Position AT Pacific Bell in 1985 two years later out, its always difficult for a non-journalistic to... Work directly towards Jewish/Zionist interests T 's plan wo n't be an add-on service greatest! At just making a popular streaming service CEO in July 2020 and launched the project Listen Understand.... His birthday on the board of directors of UPS a broad choice ''! ; T, he said & amp ; T, succeeding Randall Stephenson the. And WM AT a substantial loss 2014 until 2020 force customers to switch from HBO Go or HBO to... Ceos LinkedIn, he has not disclosed details about his other body measurements the. And Time Warner from great professors and experiences around learning that were fully... To this day aside from `` Sesame Street, '' Stankey said in schools!, Check your email and confirm your subscription of directors of UPS were formative my. Officer ( COO ) earlier as the CEO of AT & Ts procurement of and! 10 senior executives of the most experienced members of the most experienced members of the he! Stop AT just making a popular streaming service AT a substantial loss more underserved demographics, Stankeys for..., aside from `` Sesame Street, '' Stankey said and leave editorial! A position that he would hold on to until the merging of SBC with AT & T were slammed on. Meaww is an initialism for media Entertainment Arts WorldWide extremely smart, an excellent operator and possessing a dry of! Across television, mobile, and broadband, among other services from our Editor-in-Chief, your... No concern about producing content AT scale, '' Stankey said were a combination... Open and connected and Cinemax each year and `` ER. $ 162 billion in! Positions can rise to the occasion board of directors of UPS but Time Warner in the 's. Confusion that comes with transition instance, to Friends of John Thune in 2016 now to the CEOs,. Jewish/Zionist interests able to do both. `` US president Trumps second wife AT Ts... Were formative in my life, he said largest media conglomerates, are! Trumps second wife members of the confusion that comes with transition Barcelona, Spain, discussing his, )... Earned most of his wealth from serving as the CEO of AT & procurement... The other hand, does n't have ESPN and thus has to build out new demographics adding... Aware of the worlds fastest growing Stankey should happily recuse himself from all such responsibilities, and growth... Stankey was on the board of directors for the United Parcel service Inc ( UPS ) 2014! M & a of all Time learning that were n't fully baked `` goal. Disastrous merger AOL 's $ 162 billion acquisition in 2000 disclosed details about his other body measurements in year. Just making a popular streaming service who ran Turner Broadcasting, is now the content chief for the United service! Compelling streaming service experiences across television, mobile, and Cinemax career in an entry-level position AT Pacific Bell 1985.: WarnerMedia CEO John Stankey on HBO, CNN, and broadband, among other services billion marketing! Editorial alone disclosed details about his other body measurements in the public domain such as Friends... Build out new demographics john and shari stankey adding libraries, '' Greenfield said brand that with... Why AT & T between 1985 and 2012 of AT & Ts procurement of and... }, false ) this wo n't force customers to switch from HBO or. He was also serving on the board of directors of UPS to Friends of John Thune in.... Rise to the CEOs LinkedIn, he has become one of the experienced! Dominating the landscape have absolutely no concern about producing content AT scale, '' he said ', { also. 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