With the WarnerMedia -Discovery merger on the cusp of closing, AT&T CEO John Stankey sent a farewell memo to WarnerMedia employees Friday, commending them for their work, and wishing them well. John Stankey is known to be married to Shari Stankey and to possibly have a few children with her, although this is not information that he himself has ever verified. He began his career in an entry-level position at Pacific Bell in 1985. Disney is also launching its own streaming product. Stankey should happily recuse himself from all such responsibilities, and leave CNN editorial alone. Those who know him describe him as extremely smart, an excellent operator and possessing a dry sense of humor. Therefore, John Stankey has an estimated net worth of $70 million. 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. 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. Its 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. Stankey was born in 1962 and was the youngest of three. Stankey plans to add subscribers by starting with HBO and hitting more underserved demographics. 919 Albany Street hitType: 'event', John Stankey bio also includes the following Quotes. John Stankey, Shari's husband, is a well-known American money manager. Los Angeles, CA 90015 pg.acq.push(function() { Sometimes the subjects complain to the reporter in question; sometimes they complain to the reporters boss; and, a lot of the time, they complain to anybody they can find at the highest levels of the organization. She seldom appears in public as she likes to stay away from the public sphere and unwanted attention from the media. First CEO Jeff Bewkes stepped away in June, along with Turner CEO John Martin. 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. eventCategory: event.slot.getSlotElementId(), In 2022, Stanked made $25 million this includes stock awards for $13.4 million. Disney said in April it estimated Disney+ would have 60 million to 90 million subscribers by 2024. You can contact him through John Stankeys mailing address, 208 S. Akard Street, Dallas, Texas, or through: John Stankey has gathered a wealth of experience by serving various roles at AT&T. Copyright 2023 Loyola Marymount University. A combined product with a common search and user interface which, like the standalone streaming service, could also come bundled at a discount with an AT&T wireless subscription would give customers access to live pay-TV streaming channels and Warner's library and originals, all in the same ecosystem. WESTCHESTER MAIN CAMPUS Stankey is aware of the confusion that comes with transition. Resides in Ventura, CA. 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 reality is that almost every corporation in America has become less functional in how theyre structured and operate, he said. This first experience in a telecommunication company proved to be decisive as he has stayed in telecommunications for over three decades. ga('ads.send', { The "new direction" Stankey's talking about is a systematic reorganization of Time Warner, renamed WarnerMedia last year. WarnerMedia leadership sends a memo out every Wednesday that explains changes and why they're happening, titled "WarnerMedia: Keeping You Informed." Tags: Academics, Alumni, Philanthropy, Kristin Agostoni I received tremendous inspiration from great professors and experiences around learning that were formative in my life, he said. Pin. Besides, he grew up with three siblings. 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. Mr. Stankey is a renowned businessman, currently serving as the CEO of AT&T Inc. after succeeding Randall L. Stephenson in July 2020. That's also why losing Plepler as HBO's CEO was such a big blow, said Jason Hirschhorn, CEO of Redef Media. Slate is published by The Slate Group, a Graham Holdings Company. His first CEO position came only one year later when in 2001, he became the President and CEO of SBC Southwest. This is a numerical representation of 90%. 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. eventAction: 'click_image_ads' In February 2017, Stankey appeared before the Mobile World Congress in Barcelona, Spain, discussing his . Maybe @ATT CEO John Stankey should resign so a POC can take his place, otherwise he's just a hypocrite and perpetuating white supremacy. 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. 1 LMU Drive However, the businessman is a very private individual; therefore, details of his personal life are very scarce.. John Stankeys wealth is approximately $31.2 million in 2021, from approximately $24.6 million as of January 2020. "What is AT&T prepared to spend?". AT&T pays more than $100 billion for Time Warner, leaving it with a debt load that one analyst describes as "terrifying." 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. }); As CEO of AT&T, he has become one of the most powerful men in the company. 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. "Netflix spends $2.5 billion on marketing," Greenfield said. Lived In San Luis Obispo CA. According to the CEOs LinkedIn, he served in various leadership positions at AT&T between 1985 and 2012. Stankey habitually donates to members of the Republican Party through the National Republican Congressional Committee (NRCC). He is a phone company guy. Stankey is not a media guy. 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.. stock. Notifications can be turned off anytime from browser settings. If you are looking for tools to better educate and inform yourself on racial equality, resources are available at Listen. However, it will have to start from scratch. Netflix and Disney are almost certain to be two of the others, he said. mason.stockstill@lmu.edu Playa Vista, CA 90094 To do so, he and his wife, Shari Stankey 83, established a competitive faculty fellowship award focused on interdisciplinary research and creative work. His family was a traditional 1960s family, with the father working as an insurance underwriter and his mother being a housewife. Los Angeles, CA 90045 [according to whom? Stankey is a 35-year AT&T executive who was named chief operating officer last Septemb Instead, he'd watch with her, in real time, at home including the finale. in Finance, which he received after his graduation from Loyola Marymount University. Stankey's view of the future media world is four or five streaming services dominating the landscape. 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. The Stankey Fellowship is the first to have a specific interdisciplinary requirement at LMU. }) 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. 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. Jews are approximately 2% of the U.S population. 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.. 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. 213.736.1000, PLAYA VISTA CAMPUS Stanley should be removed, company sucks anyway.. the third user commented. John Stankey just made a big mistake. I believe very strongly in this.. Westchester Main Campus 1 LMU Drive Los Angeles, CA 90045 310.338.2700 Downtown Law Campus 919 Albany Street 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. Los Angeles, CA 90045 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. All good reporters annoy the subjects of their reporting, and often those subjects get very upset, and complain that the reporting in question is unfair and unprofessional. John Stankeys salary was about $22.5 million in 2019 and $21 million in 2020. 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.. Cars He is currently scheduled to become CEO of AT&T effective July 1, 2021. 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. The Stankey Fellowship is the first to have a specific interdisciplinary requirement at LMU. 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. [10] }); Matthew Lerman In addition, he also joined and graduated from UCLA with a masters degree in Business Administration. 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 . Shari Stankey. } You need breadth of selection. Like Netflix, Disney+, Amazon Prime Video and others, WarnerMedia will also create new originals for the service. Stankey won't force customers to switch from HBO Go or HBO Now to the company's new streaming service. Includes stock awards for $ 13.4 million ; T, he became the President and CEO of &... April it estimated Disney+ would have 60 million to 90 million subscribers starting... At at & T prepared to spend? `` Stankey bio also includes the following Quotes HBO or. 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