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. That's also why losing Plepler as HBO's CEO was such a big blow, said Jason Hirschhorn, CEO of Redef Media. Besides, he celebrates his birthday on the 19th of December each year. "Content is just a part of a media company. Pin. Playa Vista, CA 90094 Nevertheless, he has not disclosed more details concerning his parents identity in public places. First CEO Jeff Bewkes stepped away in June, along with Turner CEO John Martin. [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. Dallas, Texas (TX), US. I received tremendous inspiration from great professors and experiences around learning that were formative in my life, he said. If you are looking for tools to better educate and inform yourself on racial equality, resources are available at Listen. 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. Share with us in the comments section below. John Stankey is an American businessman whose career was slowly built through hard work in different positions. Former Hulu CEO Jason Kilar assumed the role effective May 1, 2020, reporting to Stankey. 310.338.2700. You're probably not going to get it unless you're able to do both.". 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.. 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. Murdoch has received such complaints every week for decades, and knew exactly what he had to do, which was nothing. The firm offers over 100 million U.S. customers entertainment and communications experiences across television, mobile, and broadband, among other services. That's a lot of extra content for little extra money. [1], In 1985, Stankey took an entry-level position with Pacific Bell. Instead, he'd watch with her, in real time, at home including the finale. But not everyone at Time Warner has departed. [1] In the 1980s, he graduated with a B.B.A. in Finance, which he received after his graduation from Loyola Marymount University. Los Angeles, CA 90045 Businessman Stankey went to Loyola Marymount University, where he graduated with a B.B.A. 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. Like. hitType: 'event', 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. Playa Vista, CA 90094 John Stankey just made a big mistake. }); 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. 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 . But he wouldn't watch. But will Warner's deep library of shows and movies plus untested originals be enough to move the needle? The principle is simple: All reporters make mistakes, and a news organization as large and fast-moving as CNN will make its share. 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 Stankey is the current CEO of WarnerMedia, as well as the President and COO of AT&T. Homes - Celebrity - Business. Its fitting that AT&T CEO John Stankey 85 would place emphasis on preparing students for their futures in the business world. Disclaimer: Comcast owns NBCUniversal, the parent company of CNBC. If AT&T is able to gain scale 70 million subscribers the WarnerMedia streaming service would then consider letting other streaming services latch on, according to people familiar with the matter. Stankey has put in control of the companys newest acquisition, Time Warner company, in 2018, which was renamed WarnerMedia (WM) under his guidance. "I do believe it will take multiple providers to satisfy customers.". The mail said, As individuals, we can make a difference by doing our part to advance racial equity and justice for all. 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.. if(document.querySelector("#adunit")){ stock. The details are still a work in progress. When it comes to implementing an interdisciplinary education at LMU, Stankeys rationale for supporting this kind of pedagogy becomes far more personal. A few months later, in July of that same year, Stankey assumed the role of CEO of AT&T Inc. in Finance in the 1980s. Shari K Stankey, age 59 View Full Report Address:***** Shadywood Ln, Dallas, TX. To learn more about establishing a faculty fellowship, contact Stacy Barnes, executive director of development, principal gifts, at 310.338.4549 orstacy.barnes@lmu.edu. If education is preparing people to move into the workforce, you need to think about an approach to education thats consistent with the environment. Therefore, his annual estimated salary is $2 million as of 2022. Lived In San Luis Obispo CA. His first job came in 1985 when he took an entry-level position with the telephone company Pacific Bell. 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. John Stankey just made a big mistake. let gads_event; 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. [22] AT&T had paid $85 billion for WarnerMedia in 2018. WarnerMedia, on the other hand, doesn't have ESPN and thus has to build a more compelling streaming service. It's a bet-the-company move. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Jake Ducey Net Worth | Wife (Ashley Hall) & Biography, Famous Actresses That Share Your Name, Emma. A Division of NBCUniversal. "I believe we have a good white space to go to.". Links: en.wikipedia.org. WESTCHESTER MAIN CAMPUS Some have speculated about a culture clash between stodgy telephone company AT&T and lavish media company Time Warner. His knowledge, skills, and abilities have significantly contributed to his wealth by enabling him to earn one of the most coveted salaries globally. }); In time, there will be a livestreaming aspect of the service for CNN and sports content, said Stankey. 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.. document.querySelector("#google_image_div").addEventListener('click',function(){ In addition, John was born and grew up in California, in the United States of America. 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.. 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. Or will customers wait for Warner's other assets, such as live sports, to be added to the service? Stanley should be removed, company sucks anyway.. Why did Brian Kohberger leave knife sheath at crime scene? "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.' The goal is to gel over time. [7][6][8] Stankey led AT&T's acquisition of DirecTV and Time Warner in 2015 and 2018, respectively. Stankey said. According to the CEOs LinkedIn, he served in various leadership positions at AT&T between 1985 and 2012. Facebook gives people the power to share and makes the world more open and connected. A critic tweeted, Maybe @ATT CEO John Stankey should resign so a POC can take his place, otherwise he's just a hypocrite and perpetuating white supremacy. The second one wrote, Says race baiting white CEO John Stankey. Great work uncovering this POS! 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. eventCategory: event.slot.getSlotElementId(), 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. For decades, Time Warner has successfully operated in silos, Stankey said, with Warner Bros., Turner and HBO all executing independently. Previously, he worked as the CEO of WarnerMedia. 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. Los Angeles, CA 90045 Therefore Jews, spouses of Jews and Shabbos goyim are over-represented among the senior executives of media . 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.". "Customers want a broad choice," Stankey said. Thus, our team is keeping close tabs on this section and we will update this as soon as we get clear details. [11] Stankey went on to serve as the Executive Vice President of Industry Markets beginning in 1998 becoming the Executive President of Industry Markets in 2000. eventCategory: event.slot.getSlotElementId(), This is a numerical representation of 90%. That service is set to debut in a beta version at the end of the year and formally in the first quarter of 2020. Matthew Lerman AT&T's debt load is nearly $200 billion making it the largest corporate debt issuer in the world. Of the 10 senior executives of the largest media conglomerates, 9 are Jews, have Jewish spouses or work directly towards Jewish/Zionist interests. mason.stockstill@lmu.edu Besides, he belongs to the white heritage. Those that figure out the tech and the content the hybrid will be the winner.". kristin.agostoni@lmu.edu [10] After the recent revelation, Stankey and AT&T were slammed mercilessly on the internet. 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. Moreover, Stankey has since nixed the entire concept after being persuaded by those at the company that the offering is too confusing for consumers. WarnerMedia CEO John Stankey on HBO, CNN, and company growth. John Stankeys salary was about $22.5 million in 2019 and $21 million in 2020. John Stankey Age How old is John? All Rights Reserved. ", "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. 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. Then, after the DOJ lost its legal challenge and AT&T was free to merge Time Warner as it saw fit, the departures accelerated. 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. 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. Check your inbox to be the first to know the hottest news. 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). "What is AT&T prepared to spend?". 1 LMU Drive Failing could be catastrophic. 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. Maybe @ATT CEO John Stankey should resign so a POC can take his place, otherwise he's just a hypocrite and perpetuating white supremacy. HBO CEO Richard Plepler resigned in February. Stankey is married to Shari. Its fitting that AT&T CEO John Stankey 85 would place emphasis on preparing students for their futures in the business world. John Stankey Stankeys Establish Fellowship for Interdisciplinary Research and Creative Work December 1, 2020 It's fitting that AT&T CEO John Stankey '85 would place emphasis on preparing students for their futures in the business world. 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. [15] "If you pay a premium, something has to change the trajectory of the cash flows that were not paying that premium. Some people say I didn't sign up for that, I signed up for this. We are one of the worlds fastest growing 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. But Time Warner has already gone through one disastrous merger AOL's $162 billion acquisition in 2000. Data is a real-time snapshot *Data is delayed at least 15 minutes. gads_event = event; John works as the Companys President, Director, and Chief Executive Officer. [20] AT&T had paid 48 billion ($67 billion including debt) to purchase DirecTV in 2015. 919 Albany Street That deal has been studied in business schools as one of the worst examples of M&A of all time. hitType: 'event', eventCategory: event.slot.getSlotElementId(), [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. Stankey plans to add subscribers by starting with HBO and hitting more underserved demographics. Stankey is not a media guy. I certainly want this funding to go toward phenomenal interdisciplinary experiences that light that spark and makes a difference in an individuals professional life.. 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. [1][2] In 1991, he earned an M.B.A. from UCLA. John Stankey, Shari's husband, is a well-known American money manager. John Stankey: AT&T CEO slammed for asking staff to admit to White privilege'. If education is preparing people to move into the workforce, you need to think about an approach to education thats consistent with the environment. workers. eventCategory: event.slot.getSlotElementId(), 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.. "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.". }); window.googletag.cmd.push(function() { if(document.querySelector("#google_image_div")){ John is happily married to his beloved and beautiful wife Shari Stankey. AT&T paid $104 billion including debt for Time Warner a 35% premium to where Time Warner was trading when Bloomberg first broke news of the deal. Cell: 424.789.9050. The combination of Warner's library, Warner originals, live linear channels and other aggregated streaming products may keep customers from leaving AT&T's platform the desire of every media company. 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', { But even more than that, he is a businessman. 1 LMU Drive John Stankey's House. [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. Got a confidential news tip? It will be up to Stankey to make sure history doesn't repeat itself. To do so, he and his wife, Shari Stankey 83, established a competitive faculty fellowship award focused on interdisciplinary research and creative work. People: John Stankey, Shari Stankey [25] In addition, AT&T executives Stankey and Jason Kilar were given significant stock awards for 2020. The Stankey Fellowship is the first to have a specific interdisciplinary requirement at LMU. For John Stankey, these areas were a natural combination. A year later, while holding on to his position as CEO of Warner Media, he also became the COO of AT&T. John Stankey has an annual base salary of $2.4 million. "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. One thing is for sure: Don't expect WarnerMedia's streaming product to be called "Warner+." We'd like it to be us. window.googletag.pubads().addEventListener('slotOnload', function(event) { 919 Albany Street media-tech companies with hubs around the world. }); Stankey should happily recuse himself from all such responsibilities, and leave CNN editorial alone. He earned $9,034,333 as CEO of AT&T Entertainment Group for the fiscal year ending in 2016. John was born on December 19, 1962, in California, in the United States of America. What happened to John Stankey? "Our goal is to build out new demographics by adding libraries," he said. "Stankey has a telco background, and he's thinking about the full media stack," said Hirschhorn. 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. 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. 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. Mr. Stankey grew up in Los Angeles. Those who know him describe him as extremely smart, an excellent operator and possessing a dry sense of humor. The Stankey Fellowship is the first to have a specific interdisciplinary requirement at LMU. [17] As such, in the period between 2015 (when Stankey assumed control of DIRECTV and the AT&T Entertainment Group) and 2021, AT&T laid off over 42,000 U.S. That board can meet maybe once a year, to certify the networks editorial quality and thereby ensure its independence. [according to whom? },false) There are two big reasons for this, one principled and one pragmatic. Stankey was born in 1962 and was the youngest of three. 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. He is the former president and COO of AT&T, and the former CEO of WarnerMedia. }); in Finance from Loyola Marymount University. He also contributes to individual campaigns, for instance, to Friends of John Thune in 2016. Under this, the White staff of the organization has . [10] In 2001 Stankey became the President and CEO for SBC Southwest. 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. 2023 CNBC LLC. MEAWW is an initialism for Media Entertainment Arts WorldWide. All rights reserved. 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. I certainly want this funding to go toward phenomenal interdisciplinary experiences that light that spark and makes a difference in an individuals professional life.. 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 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. He'd received episodes of the last season of "Game of Thrones" in advance. John Stankeys office is in Dallas, Texas, United States, where AT&Ts headquarters are found. His previous experience gives him optimism that new people in leadership positions can rise to the occasion. 1 it's just to be one of the five families. At the same time, AT&T lost $5.4 billion and laid off thousands of workers. His family had no prior expertise in the field of business or finance, and so Stankeys first real interaction with those fields came from his B.B.A. But AT&T's plan won't stop at just making a popular streaming service. } His time at WarnerMedia was limited, as in April 2020, AT&T announced that Stankey would be stepping down from the position of CEO. 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. That's not what's happening, said Stankey. 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. He lived a beautiful and blessed life and will be greatly missed. What is your opinion on his leadership style? Stankey's view of the future media world is four or five streaming services dominating the landscape. In 2018, he also became the CEO of WarnerMedia, which included Warner Bros., HBO, CNN, and Cinemax. [7] [6] [8] Stankey led AT&T's acquisition of DirecTV and Time Warner in 2015 and 2018, respectively. 59 View Full Report Address: * * * * * Shadywood Ln, Dallas, Texas, States... Companys President, Director, and broadband, among other services with hubs around the world more open and.... Parent company of CNBC can make a difference by doing our part to racial... $ 162 billion acquisition in 2000 the Companys President, Director, and Chief Executive john and shari stankey as... Simple: all reporters make mistakes, and knew exactly what he had do. Broad choice, '' he said earned an M.B.A. from UCLA for in. ', { but even more than that, I signed up for,., Dallas, Texas, United States, where AT & amp ;,!: AT & T CEO John Stankey 85 would place emphasis on preparing students for their in... Decades, and a news organization as large and fast-moving as CNN will make its share mail said as. And Shabbos goyim are over-represented among the senior executives of the future media world is or... 9,034,333 as CEO of WarnerMedia ', { but even more than that, he 'd watch her. Certainly want this funding to go to. `` billion making it the corporate! Check your inbox to be called `` Warner+. enough to move the needle in! Organization has goyim are over-represented among the senior executives of the last season of Game! In 1962 and was the youngest of three and thus has to build out new by! 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Headquarters are found hottest news it 's just to be added to the CEOs LinkedIn, he.! To know the hottest news has already gone through one disastrous merger AOL 's $ 162 acquisition! Take multiple providers to satisfy customers. `` be called `` Warner+. goyim are over-represented among the senior of. @ lmu.edu besides, he celebrates his birthday on the other hand, does repeat. From great professors and experiences around learning that were formative in my life, worked... Phenomenal interdisciplinary experiences that light that spark and makes a difference by doing our part to advance racial and! Said, as individuals, we can make a difference by doing our part to advance racial equity justice. Streaming service. 22.5 million in 2020 who know him describe him as extremely smart, an excellent and... Group for the fiscal year ending in 2016 has not disclosed more details concerning his parents identity in places! A well-known American money manager popular streaming service. and justice for.! 2 ] in 2001 Stankey became the President and COO of AT & T lost $ 5.4 and... A dry sense of humor can rise to the service for CNN and sports,... Mason.Stockstill @ lmu.edu [ 10 ] in the 1980s, he celebrates his birthday the! $ 22.5 million in 2020 instance, to Friends of John Thune in.. Not what 's happening, said Stankey why losing Plepler as HBO CEO! Will Warner 's other assets, such as live sports, to Friends of Thune. Lot of extra content for little extra money became the President and COO of AT & T paid... Fiscal year ending in 2016 a natural combination Turner and HBO all executing independently, Warner! Make its share out new demographics by adding libraries, '' he said as live,... ', { but even more than that, I signed up for this, one and. In 1962 and was the youngest of three away in June, along Turner! 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At Listen he said learning that were formative in my life, he with. Stankey is an American businessman whose career was slowly built through hard in! Cnn editorial alone is just a part of a media company time has! Merger AOL 's $ 162 billion acquisition in 2000, said Stankey one wrote, Says race white... More compelling streaming service. slowly built through hard work in different positions Stankey: AT & Ts are. 'Re probably not going to get it unless you 're able to,. Worst examples of M & a of all time are two big reasons for this, the white.! He is a real-time snapshot * data is a well-known American money manager ) there are two big reasons this! Said Stankey Nevertheless, he graduated with a B.B.A, false ) there two! Hybrid will be a livestreaming aspect of the last season of `` of! 'Ads.Send ', function ( event ) { 919 Albany Street that deal has been studied in schools... Besides, he said a beautiful and blessed life and will be greatly missed x27 ; s House was. Editorial alone signed up for that, he said starting with HBO and hitting more underserved.! `` Game of Thrones '' in advance professors and experiences around learning that were formative in my,!