Instead, AT&T is sticking with an insider who hasn't inspired much confidence in the past, and who could struggle to solve the company's most pressing issues in a timely manner.Stankey is taking over at a challenging time for the telecom and media giant.
Acquiring DirecTV wasn’t a good move, she said, but what she saw as his positive decisions included the Leap Wireless takeover, which gave AT&T a significant amount of airwaves.AT&T Inc. Chief Executive Officer Randall Stephenson, under pressure from investors to stem customer losses and justify his US$85 billion foray into films and TV, will step down from that role on July 1, handing the job to his handpicked successor, John Stankey.The information you requested is not available at this time, please check back again soon.Stephenson announced the transition Friday during the company’s annual shareholder meeting, which was held via an audio webcast in aid of social distancing. Randall L. Stephenson . The stock was little changed at US$29.42 as of 2:43 p.m. in New York. However, the firm recently stated that it "supports" Stankey as its next CEO.AT&T currently offers AT&T TV, AT&T TV Now (formerly DirecTV Now), WatchTV, HBO Now, and DC Universe as separate streaming services, and it plans to launch HBO Max (which adds additional WarnerMedia content to HBO Now) in May.AT&T initially bought DirecTV to strengthen its pay-TV business, but it continually lost pay-TV subscribers to OTT streaming platforms over the past few years. In financial filings released this week, Stephenson and other AT&T executives were revealed to have taken bonuses last year thanks to the corporation’s merger with Time Warner, a plan opposed by President Trump’s administration.. Last year, Stephenson earned $29.1 million, an increase from his year earlier salary of $28.7 million. I am passionate about advocating for job seekers. But generous dividends have more than made up the difference, according to FactSet. President Donald Trump, a frequent critic of WarnerMedia’s CNN, crowed about Stephenson’s retirement in a tweet. Randall Lynn Stephenson (born April 22, 1960) is an American telecommunications executive. Both Stephenson and Stankey have vocally supported CNN and its reporting.Stephenson, 60, is retiring but will serve as executive chairman through January to ensure a smooth transition, AT&T said Friday. AT&T recently sold some assets -- including its towers, data centers, and its stakes in the Game Show Network and Hulu -- to reduce its debt.