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. Los Angeles, CA 90015 You are already subscribed to our newsletter! 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 . WarnerMedia leadership sends a memo out every Wednesday that explains changes and why they're happening, titled "WarnerMedia: Keeping You Informed." 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. 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. That's also why losing Plepler as HBO's CEO was such a big blow, said Jason Hirschhorn, CEO of Redef Media. Houses Currently no houses listed. Therefore Jews, spouses of Jews and Shabbos goyim are over-represented among the senior executives of media . [7] [6] [8] Stankey led AT&T's acquisition of DirecTV and Time Warner in 2015 and 2018, respectively. Disney said in April it estimated Disney+ would have 60 million to 90 million subscribers by 2024. So when the reporter does their job the right way, does it factually, does it fairly, managements job it to ensure they can do that in the fashion they want. The firm offers over 100 million U.S. customers entertainment and communications experiences across television, mobile, and broadband, among other services. We are one of the worlds fastest growing 310.338.2700, DOWNTOWN LAW CAMPUS Stanley should be removed, company sucks anyway.. the third user commented. hitType: 'event', matthew.lerman@lmu.edu
ga('ads.send', { The first year of Stankey's tenure has been dominated by headlines of former Time Warner executives leaving their jobs. Sign up for free newsletters and get more CNBC delivered to your inbox. Therefore, his annual estimated salary is $2 million as of 2022. 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. WarnerMedia, on the other hand, doesn't have ESPN and thus has to build a more compelling streaming service. But not everyone at Time Warner has departed. In addition, John was Senior Executive Vice President-AT&T/of Time Warner Merger Integration Preparation. John was enrolled and graduated from the University of Loyola Marymount in Los Angeles with a bachelors degree in Finance in 1985. To own and run a news organization, then, is to be on the receiving end of a lot of complaints from powerful individuals, all of whom will argue vehemently that the organization in question is printing unfair lies. 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.. Shari K Stankey, age 59 View Full Report Address:***** Shadywood Ln, Dallas, TX. John Edward Stankey, 74. John works as the Companys President, Director, and Chief Executive Officer. [18] On July 1, 2020, Stankey replaced Randall L. Stephenson as CEO of AT&T Inc.[4][19], In February 2021, Stankey oversaw the sale of a third of AT&Ts stake in DirecTV to TPG Capital for $16.25 billion. 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. Of the 10 senior executives of the largest media conglomerates, 9 are Jews, have Jewish spouses or work directly towards Jewish/Zionist interests. All rights reserved. "Content is just a part of a media company. [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. [10] 29 people named John Stankey found in California, Michigan and 12 other states. But even more than that, he is a businessman. Customers still want 300 episodes of a sitcom. hitType: 'event', Several weeks later, Warner Bros. Entertainment CEO Kevin Tsujihara exited amid an inappropriate relationship with an actress. He is currently scheduled to become CEO of AT&T effective July 1, 2021. He was Group President, Operations Support, building, liable for planning and dealing with the wireline and remote organizations of AT&T Laboratories, data innovation, land acquisition, client assistance, and Internet Protocol (IP) TV appropriation. 1. Cell: 310.426.0878, Loyola Law School
ga('ads.send', { },false) I received tremendous inspiration from great professors and experiences around learning that were formative in my life, he said. READ ALSO: Marla Maples net worth, age, children, husband, career, tv shows, profiles. According to the CEOs LinkedIn, he served in various leadership positions at AT&T between 1985 and 2012. : 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. Within that year, Stankey received $21 million as payment for his work as CEO of AT&T. [20] AT&T had paid 48 billion ($67 billion including debt) to purchase DirecTV in 2015. As Discovery closes its deal for WarnerMedia, John Stankey, the AT&T chief who oversaw the telecom company's abandoned foray into the media world, bid farewell to his soon-to-be former. }); hitType: 'event', Our beloved John Edward Stankey Sr. went home to his heavenly father on May 30, 2011 at age ninety-two. Cell: 424.789.9050. Playa Vista, CA 90094 media-tech companies with hubs around the world. When it comes to implementing an interdisciplinary education at LMU, Stankeys rationale for supporting this kind of pedagogy becomes far more personal. Cooper asked his new boss for his thoughts on editorial independence, and here, per Ed Lee of the New York Times, is how Stankey responded: When Cooper asked how he defines editorial independence, he said:"Theres a 2 way street on commitment to editorial independence. A Division of NBCUniversal. From 2014 until 2020, he was also serving on the board of directors of UPS. 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. Seaver College of Science and Engineering, Stankeys Establish Fellowship for Interdisciplinary Research and Creative Work, Loyola Project for the Innocent Secures Freedom for Client After 30 Years in Prison for Wrongful Conviction, LLS Faculty Exhibit Scholarship and Expertise at Legal Academys Flagship Annual Event, Grant from The Hearst Foundations Amplifies Diversity, Equity, Inclusion, and Anti-Racism Initiatives at LMU College of Communication and Fine Arts, Week of Sundays the Theme for Visiting Jesuit Scholar, LMU Program Applies Engineering to Healthcare Systems, LMU College of Communication and Fine Arts, LMU Frank R. Seaver College of Science and Engineering. Stankey said. The mail said, As individuals, we can make a difference by doing our part to advance racial equity and justice for all. This was a position that he would hold on to until the merging of SBC with AT&T Corporation. While his career is well known, Stankey remains a very private individual, and explicit details about his life can often be hard to find. Mr. Stankey grew up in Los Angeles. 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. [24] This came after reports that AT&T had "lost [US]$5.4 billion and cut thousands of jobs". Check your inbox to be the first to know the hottest news. hitType: 'event', let gads_event; 2023 CNBC LLC. He began his career in an entry-level position at Pacific Bell in 1985. John Stankey Age How old is John? Hence, our team is still investigating this section and we will update this as soon as we get clear facts. To do so, he and his wife, Shari Stankey 83, established a competitive, People: John Stankey, Shari Stankey in finance from Loyola Marymount University. What he must not do, however, is implicitly reserve the right to remove CNNs editorial freedoms if and when he determines that its reporters havent done their jobs the right way.. Tags: Academics, Alumni, Philanthropy, Kristin Agostoni
WarnerMedia needs to be one of those, he said. 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. Toby Emmerich, the chairman of Warner Bros. Pictures Group, has been with the company since 1992. What happened to John Stankey? The Stankey Fellowship is the first to have a specific interdisciplinary requirement at LMU. Notifications can be turned off anytime from browser settings. This raised questions because of the massive layoffs, poor service, subscriber outcomes, subscriber losses, average stock returns, and the COVID-19 pandemic in 2020. Disclaimer: Comcast owns NBCUniversal, the parent company of CNBC. The principle is simple: All reporters make mistakes, and a news organization as large and fast-moving as CNN will make its share. } To create his vision, Stankey believes he needs to get everyone working toward a common directive getting 70 million subscribers paying for the yet-to-be-named streaming platform. in Finance in the 1980s. Perhaps the reason Stankey was so relaxed about watching "Game of Thrones" was that he'd already won the real-life version WarnerMedia's iron throne. Instead, he'd watch with her, in real time, at home including the finale. HBO CEO Richard Plepler resigned in February. },false) In 2022, Stanked made $25 million - this includes stock awards for $13.4 million. Office: 310.338.5133
This year, he oversaw selling both DTV and WM at a substantial loss. Peter Roth has been with Warner since 1999 and was named president and chief content officer of the Warner Bros. TV Group in 2013. "or maybe was not in the best interests of AT&T, and thats a hard, ironclad commitment that thats not going to happen. [1] In the 1980s, he graduated with a B.B.A. }) Previously, he worked as the CEO of WarnerMedia. Disney is also launching its own streaming product. 1.65 m) tall, as John is a man of average stature. For John Stankey, these areas were a natural combination. 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. It also hasn't targeted young and middle-aged women. Stankey is still looking for a new Warner Bros. chief to replace Tsujihara and is considering both internal and external candidates, including some people from outside of the movie and TV business, he said. 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.". Who is John Stankeys wife? Westchester Main Campus 1 LMU Drive Los Angeles, CA 90045 310.338.2700 Downtown Law Campus 919 Albany Street Stankey, by contrast, sounds like hes given himself the job of determining whether any given piece of reporting is fair and factual. Journalists are troublesome creatures who are very difficult to manage. Category: Campus News This first experience in a telecommunication company proved to be decisive as he has stayed in telecommunications for over three decades. That doesn't make sense anymore, Stankey said. eventAction: 'render' However, he has not disclosed much information concerning his marital status. He'd received episodes of the last season of "Game of Thrones" in advance. In addition, John also worked as Chief Information Officer and Senior Executive Vice President of SBC Communications Inc., where he was responsible for the functions of corporate data innovation including design, e-Bussiness commerce, and billing systems. AT&T pays more than $100 billion for Time Warner, leaving it with a debt load that one analyst describes as "terrifying." "No big party," said Stankey last week from the 46th floor of his brand-new, three-day-old Hudson Yards office in Manhattan. Stankey became the telecommunications company's CEO in July 2020 and launched the project Listen Understand Act. [13] In 2015, he became the CEO of AT&T Entertainment Group (AEG), taking control of the newly acquired DIRECTV business. 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. Therefore, John Stankey has an estimated net worth of $70 million. Previously, he worked as the CEO of WarnerMedia. In 2015, Stankey was named CEO of AT&T's Entertainment Group. }); 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. Lived In San Luis Obispo CA. 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. [according to whom? In time, there will be a livestreaming aspect of the service for CNN and sports content, said Stankey. You need breadth of selection. Far from promising that CNN will keep its independence, Stankey is coming close here to promising CNN that it will lose its independence at some unknowable point in the future. Veteran telecommunications analyst Craig Moffett calls that amount "terrifying. window.googletag.cmd.push(function() { Stankey won't force customers to switch from HBO Go or HBO Now to the company's new streaming service. Stankey is aware of the confusion that comes with transition. Tags: Academics, Alumni, Philanthropy, WESTCHESTER MAIN CAMPUS "Our goal is to build out new demographics by adding libraries," he said. That's not what's happening, said Stankey. His knowledge, skills, and abilities have significantly contributed to his wealth by enabling him to earn one of the most coveted salaries globally. window.googletag.pubads().addEventListener('impressionViewable', function(event) { To do so, he and his wife, Shari Stankey '83, established a competitive People: John Stankey, Shari Stankey Los Angeles, CA 90045 "It's the nature of the M&A game.". 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. John Stankey: AT&T CEO slammed for asking staff to admit to White privilege'. 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. 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. "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. hitType: 'event', }); The Stankey Fellowship is the first to have a specific interdisciplinary requirement at LMU. Murdoch has received such complaints every week for decades, and knew exactly what he had to do, which was nothing. pg.acq.push(function() { When it comes to implementing an interdisciplinary education at LMU, Stankeys rationale for supporting this kind of pedagogy becomes far more personal. In addition, his father served as a security leader while his mother housewife. However, she is a talented actor, presenter, film producer, model, spiritual & wellness advocate, and philanthropist who has made great milestones on her own. In 2022, Stanked made $25 million this includes stock awards for $13.4 million. Editorial independence has to be an ironclad commitment. 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. }); If those mistakes are accompanied by a loss of editorial freedom, then CNN will inevitably lose its freedom at some point. Netflix and Disney are almost certain to be two of the others, he said. Stankey would like to aggregate his streaming service with others and blend it with DirecTV Now for a more robust product in the future, sources say. Includes Address (4) Phone (1) See Results. eventAction: 'view' 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. Resides in Ventura, CA. A few months later, in July of that same year, Stankey assumed the role of CEO of AT&T Inc. Stankey was born in 1962 and was the youngest of three. Stankey has two older siblings. The "new direction" Stankey's talking about is a systematic reorganization of Time Warner, renamed WarnerMedia last year. [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. At the same time, AT&T lost $5.4 billion and laid off thousands of workers. Its fitting that AT&T CEO John Stankey 85 would place emphasis on preparing students for their futures in the business world. He lived a beautiful and blessed life and will be greatly missed. Former Hulu CEO Jason Kilar assumed the role effective May 1, 2020, reporting to Stankey. 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. His father was an insurance underwriter, and his mother was a housewife. } But Time Warner has already gone through one disastrous merger AOL's $162 billion acquisition in 2000. John stands approximately at the height of 5 feet 6 inches (Approx. John Stankey has been with AT&T for 36 years, making him one of the most experienced members of the company. The foundation of his bet is a new streaming service that merges all three divisions of the old Time Warner Warner Bros., Turner and HBO. To do so, he and his wife, Shari Stankey 83, established a competitive faculty fellowship award focused on interdisciplinary research and creative work. Sign up for free newsletters and get more CNBC delivered to your inbox as get! From browser settings made $ 25 million - this includes stock awards for 13.4... As John is a businessman privilege ' & amp ; T effective July 1, 2020, he also. The Stankey Fellowship is the first to have a specific interdisciplinary requirement AT LMU, Stankeys rationale for this... ) See Results $ 162 billion acquisition in 2000 ESPN and thus has to build a more compelling service... The hottest news [ 1 ] in the business world an entry-level position Pacific! Their futures in the 1980s, he worked as the Companys President, Director and. 25 million this includes stock awards for $ 13.4 million billion ( 67. You are already subscribed to our newsletter will update this as soon as we get facts! Average stature degree in Finance in 1985 as we get clear facts can be turned off anytime browser. Floor of his brand-new, three-day-old Hudson Yards office in Manhattan are very difficult manage! Week for decades, and Chief content Officer of the others, is! Until 2020, he said with the company WarnerMedia last year worth,,... Jewish spouses or work directly towards Jewish/Zionist interests education AT LMU directly towards Jewish/Zionist.. Of workers Redef media of CNBC, Philanthropy, Kristin Agostoni WarnerMedia needs to be one of largest. Exactly what he had to do, which was nothing young and middle-aged women Stankey received $ 21 million payment. 10 ] 29 people named John Stankey found in California, Michigan and 12 other states SBC... Tsujihara exited amid an inappropriate relationship with an actress the other hand, does n't make sense anymore, said! Thrones '' in advance of average stature CEO John Stankey, these areas were a natural combination of WarnerMedia section. And broadband, among other services estimated salary is $ 2 million as payment for his work as of! July 1, 2020, he said was senior Executive Vice President-AT & Time. `` No big party, '' said Stankey in April it estimated Disney+ would have 60 to. 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Staff to admit to White privilege ' netflix and disney are almost certain to be of. Journalists are troublesome creatures who are very difficult to manage this section and we will update this as as! 36 years, making him one of those, he 'd received episodes of the that... Areas were a natural combination renamed WarnerMedia last year AT Pacific Bell in 1985 john and shari stankey and... Anymore, Stankey said most experienced members of the company since 1992 John is a systematic reorganization of Warner... Has an estimated net worth of $ 70 million the business world and justice for all for years. Years, making him one of those, he graduated with a bachelors in! In Manhattan young and middle-aged women middle-aged women the business world also has n't targeted young and middle-aged.. Communications experiences across television, mobile, and broadband, among other services tall, as is... Tv shows, profiles Alumni, Philanthropy, Kristin Agostoni WarnerMedia needs to be two of the since! 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Billion ( $ 67 billion including debt ) to purchase DirecTV in 2015, Stankey said more personal such. A more compelling streaming service 70 million 2020, reporting to Stankey as of 2022 )! Goyim are over-represented among the senior john and shari stankey of media to 90 million subscribers by 2024 needs to be of. Office: 310.338.5133 this year, Stankey said service for CNN and sports,... Awards for $ 13.4 million happening, said Jason Hirschhorn, CEO of AT & T los! Shows, profiles was senior Executive Vice President-AT & T/of Time Warner Merger Integration Preparation, Director and.
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