John Stankey Wiki – John Stankey Biography
John Stankey is an American businessman who currently serves as CEO of AT&T Inc. and a member of the board of directors of AT&T Inc. Previously served as president and COO of AT&T and was former CEO by WarnerMedia. Stankey led the acquisition of DirecTV and Time Warner by AT&T in 2015 and 2018, respectively. He assumed the position of CEO of AT&T effective July 1, 2020, succeeding Randall L. Stephenson.
Stankey grew up in a Jewish home in Los Angeles, the youngest of three siblings. His father was an insurer and his mother a homemaker. In the 1980s, he graduated with a B.B.A. in Finance from Loyola Marymount University. In 1991, he obtained an MBA from UCLA.
In 1985, Stankey assumed an entry-level position at Pacific Bell. which was acquired by SBC Communications in 1996. Stankey served as Executive Vice President of Industrial Markets beginning in 1998 and became Executive President of Industrial Markets in 2000. In 2001 Stankey became President and Chief Executive Officer of SBC Southwest. Stankey served as CIO of the “new AT&T” after SBC’s merger with AT&T Corporation ended in 2005, becoming AT&T Senior Executive Vice President and CTO 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.
In 2015, Stankey became the CEO of AT&T Entertainment Group (AEG), taking control of the newly acquired DIRECTV business. Stankey then took over the recently acquired Time Warner company (acquired by AT&T in 2018), which was quickly renamed WarnerMedia (WM). He earned $ 22.5 million from AT&T in 2019 and $ 21 million in 2020; In 2020 alone, AT&T lost $ 5.4 billion and cut tens of thousands of jobs, while in the period between 2015 (when Stankey took over DIRECTV and AT&T Entertainment Group) and 2021, AT&T laid off more than 42,000 workers in the In 2021, Stankey oversaw the sale of DTV and WM at a substantial loss.
Stankey served on the board of directors of UPS from 2014 to 2020. In 2018, Stankey was named CEO of WarnerMedia, which owns several film and media corporations, including Warner Bros., HBO, Turner Broadcasting System, and CNN. Immediately after taking over, Stankey expelled the creative staff and initiated regular layoffs among WM staff.
On October 1, 2019, Stankey became AT & T’s chief operating officer while continuing to serve as the CEO of WarnerMedia. On April 1, 2020, AT&T announced that Stankey would be stepping down as CEO of WarnerMedia. Former Hulu CEO Jason Kilar took over as of May 1, 2020, reporting to Stankey. On July 1, 2020, Stankey replaced Randall L. Stephenson as CEO of AT&T Inc.
On April 30, 2021, AT&T announced that a non-binding shareholder vote had rejected AT & T’s executive compensation proposal by a slight majority. This was after several AT&T executives, including Stankey and Jason Kilar, landed major equity awards in 2020 despite the COVID-19 pandemic, mass layoffs, poor service, and subscriber results, continued subscriber losses, and returns from intermediate actions.
John Stankey Slammed for asking staff to admit to ‘White privilege’
AT&T Chief Executive Officer John Stankey has come under fire after journalist Christopher Rufo revealed his internal show launched after George Floyd’s assassination in May. Stankey became the CEO of the telecommunications company in July 2020 and launched the project: Listen to Understand Act. By virtue of this, the white staff of the organization was ordered to read an article that says they are racist, they are also he has called for them to admit their “white privilege” and to recognize “systemic racism.”
Stankey sent an email to 230,000 AT&T workers in April 2021, which was obtained by Rufo, who posted it on his website. The email read: “As individuals, we can make a difference by doing our part to promote racial equity and justice for all. If you are looking for tools to better educate yourself and learn about racial equality, resources are available at Listen. Understand. Act.”
“We also encourage you to be actively involved in our recently launched Equality First learning experience, a new initiative to increase awareness and action around our value to Advocate for Equality,” Stankey added in his email.
Rufo’s article quoted an anonymous senior employee and mentioned on his website that “AT&T managers are now evaluated annually on diversity issues, with mandatory participation in programs such as discussion groups, book clubs, mentoring programs, and exercises. of racial reeducation “. Additionally, staff members are supposedly required to sign a loyalty pledge to “keep pushing for change” and engage in things like “reading more about systemic racism” and “challenging other people’s language that is hateful.” The informant added: “If you don’t, you are a racist.”
As part of the program, employees were asked to read various things. One of them includes a Chicago Tribune article from May 31, 2020 by columnist Dahleen Glanton, titled “White America, if you want to know who is responsible for racism, look in the mirror.” Another recommendation is Robin DiAngelo’s Daniel Hill’s “White Frailty: Why It’s So Hard for White People to Talk About Racism” and “Awake White: An Honest Look at What It Means to Be White.”
After the recent revelation, Stankey and AT&T were mercilessly beaten on the internet. One critic tweeted: “Maybe @ATT CEO John Stankey should step down so a POC can take his place, otherwise he‘s just a hypocrite and perpetuates white supremacy.” The second wrote: “Says White CEO John Stankey.” “Great job discovering this POS! Stanley should be removed, the company sucks anyway… .. ”commented the third user.
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