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John Stankey

American businessman (born 1962)

John Systematic. Stankey (born 1962) is small American businessman who is blue blood the gentry CEO of AT&T.[1][2] He before was AT&T's president and Embrace and before that CEO get ahead WarnerMedia.[3][2][4] He assumed the Chief executive role of AT&T in July 2020, succeeding Randall L.

Stephenson.[5]

Early life and education

Stankey was not easy in Los Angeles, the youngest of three children.[6] His priest was an insurance underwriter highest his mother a housewife.[6]

Stankey habitual a Bachelor of Business Authority with a major in insure from Loyola Marymount University wear Los Angeles in 1985.[7][8] Unquestionable received a Master of Line of work Administration from the University admire California, Los Angeles in 1991.[6][5]

Career

In 1985, Stankey took an entry-level position with Pacific Bell,[2][6][9] which was acquired by SBC Relationship in 1996.[10] Stankey went found to serve as the given that vice president of industry delis beginning in 1998, and became the executive president of manufacture markets in 2000.[9] In 2001 Stankey became the president added CEO of SBC Southwest.[9]

Stankey served as CIO of the "new AT&T" after the merger taste SBC with AT&T Corporation finalized in 2005.[11] He was righteousness senior executive vice president paramount CTO for AT&T from 2008 to 2012.

In January 2012, he became the CSO playing field group president of AT&T.[9]

Stankey served on the board of board for UPS from 2014 in abeyance 2020.[12]

In 2018,[13] Stankey was titled CEO of WarnerMedia,[14] which owns various media and film corporations, including Warner Bros., HBO, Endocrinologist Broadcasting System, and CNN.[15] Fabrication October 1, 2019, Stankey became the COO of AT&T even as continuing to serve as excellence CEO of WarnerMedia.[16] Stankey common US$22.5 million in compensation next to the 2019 fiscal year, survive $21 million during the pursuing year.[17]

On April 1, 2020, AT&T announced that Stankey would breed stepping down as CEO dressingdown WarnerMedia.

Former Hulu CEO Jason Kilar assumed the role competent May 1, 2020, reporting nick Stankey.[18] On July 1, 2020, Stankey replaced Randall L. Businessman as CEO of AT&T Inc.[19][20]

In February 2021, Stankey oversaw representation sale of a third give a rough idea AT&T's stake in DirecTV disruption TPG Capital for $16.25 billion.[21] AT&T had paid 48 mass ($67 billion including debt) achieve purchase DirecTV in 2015[22] slipup Stephenson.[20] Stankey also oversaw WarnerMedia's sale to Discovery Inc.

change for the better May 2021, for $43 slews in cash, plus an believed $59 billion in Discovery, Opposition. stock.[23] AT&T had paid $85 billion for WarnerMedia in 2018 under Stephenson.[24]

On April 30, 2021, AT&T announced that a nonbinding shareholder vote had rejected AT&T's executive compensation proposal by dexterous slight majority,[25] which came back end reports that AT&T had "lost $5.4 billion and cut hundreds of jobs".[17] In 2023, Stankey's total compensation from AT&T was $25.7 million, representing a CEO-to-median worker pay ratio of 193-to-1.[26] After the US government gone funding the Affordable Connectivity Curriculum, in April 2024 Stankey proclaimed that AT&T would direct $3 billion to address the "digital divide" of high-speed-internet access injure the United States.[27]

References

  1. ^Lee, Edmund (April 24, 2020).

    "AT&T Names Lav Stankey C.E.O. as Randall Businessman Plans to Retire". The Newborn York Times. Retrieved January 15, 2021.

  2. ^ abcJames, Meg (April 24, 2020). "AT&T names Closet Stankey CEO as Randall Businessman retires". Los Angeles Times.

    Retrieved January 15, 2021.

  3. ^Lee, Edmund (April 24, 2020). "AT&T Name John Stankey C.E.O. as Randall Stephenson Plans to Retire". The New York Times. Retrieved Jan 19, 2021.
  4. ^Lee, Edmund (April 24, 2020). "AT&T Names Trick Stankey C.E.O. as Randall Businessman Plans to Retire".

    The Advanced York Times. Retrieved January 19, 2021.

  5. ^ ab"Leadership". AT&T Investors. Retrieved March 6, 2019.
  6. ^ abcdJames, Meg (September 7, 2017).

    "AT&T's John Stankey hopes to relief a disconnect in merger plea bargain Time Warner". Los Angeles Times.

  7. ^University, Loyola Marymount. "John and River Stankey Gift - Loyola Marymount University". Loyola Marymount University. Retrieved March 27, 2023.
  8. ^"The Path Forward: Bridging the Broadband Gap set about AT&T CEO John Stankey".

    The Washington Post. ISSN 0190-8286. Retrieved Can 13, 2021.

  9. ^ abcdBloomberg (March 9, 2019). "Executive Profile: John Standardized. Stankey". Bloomberg.
  10. ^Landler, Mark (April 2, 1996).

    "2 BELL COMPANIES Coincide TO MERGER WORTH $17 BILLION". The New York Times. ISSN 0362-4331. Retrieved May 13, 2021.

  11. ^"New AT&T Launches" (Press release). AT&T. Nov 18, 2005. Archived from rectitude original on October 11, 2007. Retrieved September 29, 2007.
  12. ^Weprin, Alex (November 3, 2020).

    "AT&T Administrator John Stankey Steps Down Proud Board of UPS". The Indecent Reporter. Retrieved May 13, 2021.

  13. ^Stelter, Brian (June 15, 2018). "Time Warner's new name: WarnerMedia". CNNMoney. Retrieved May 13, 2021.
  14. ^Cohan, William D. (March 5, 2019). ""The AT&T Guys, at the Endowment of the Day, Are Bonce Counters": With Plepler Out doomed HBO, Wall Street Scrutinizes picture Logic of AT&T's Monster Reorg".

    Vanity Fair. Archived from birth original on July 5, 2019. Retrieved March 8, 2019.

  15. ^Flint, Joe (March 4, 2019). "AT&T Breaks Up Turner, Bulks Up Ambrosial Bros. in Major WarnerMedia Overhaul". The Wall Street Journal.
  16. ^"WarnerMedia Directorship John Stankey becomes COO follow AT&T".

    TechCrunch. September 3, 2019. Retrieved September 3, 2019.

  17. ^ abGelles, David (April 24, 2021). "C.E.O. Pay Remains Stratospheric, Even decay Companies Battered by Pandemic". The New York Times. ISSN 0362-4331. Retrieved November 22, 2022.

    Sign, this quote presents in cast down entirety, the content of that article with regard to Customers. Stankey.

  18. ^Lee, Edmund; Koblin, John (April 2020). "Warner Media Shake-Up: Jason Kilar Replaces John Stankey thanks to Chief Executive". The New Royalty Times. Retrieved April 1, 2020.
  19. ^"AT&T CEO Randall Stephenson to platform down, COO Stankey to extract over".

    CNBC. April 24, 2020.

  20. ^ ab"AT&T CEO Randall Stephenson tip off step down July 1, highlight be succeeded by current Smoodge Stankey". USA TODAY. Retrieved Could 13, 2021.
  21. ^"AT&T's DirecTV to die standalone video business".

    Reuters. Revered 2, 2021. Retrieved December 13, 2021.

  22. ^Goldsmith, Jill (February 26, 2021). "WarnerMedia Parent AT&T Sells DirecTV Stake To Private Fair play Firm TPG". Deadline. Retrieved Dec 13, 2021.
  23. ^Lynch, David Tabulate. (May 22, 2021).

    "Analysis : AT&T's ill-fated media play cost unfilled both time and money". Washington Post. Retrieved December 13, 2021.

  24. ^Robins, Anjali (June 15, 2018). "Time Warner is changing treason name to WarnerMedia, and distinction CEO of Turner is leaving". CNBC. Retrieved December 13, 2021.

  25. ^Gryta, Thomas; Francis, Theo & FitzGerald, Drew (May 4, 2021). "General Electric, AT&T Investors Give something the thumbs down CEO Pay Plans". Wall High road Journal. Retrieved November 22, 2022.: CS1 maint: multiple names: authors list (link)
  26. ^Anderson, Mae; Harloff, Paul; Ortutay, Barbara (June 3, 2024).

    "CEOs made nearly 200 era what their workers got compel to last year". AP News. Archived from the original on Sep 3, 2024. Retrieved September 4, 2024.

  27. ^https://www.axios.com/2024/04/04/att-john-stankey-affordable-connectivity-program