Randall Stephenson Latest Celebrity News & Gossip

PGA officials were in the hot seat on Tuesday as they faced lawmakers questions about the tour’s abrupt reversal that led to a deal with Saudi-backed rival LIV, despite months of criticism over the human rights record of the Saudi gpvernment.

Randall Stephenson, the former chairman and CEO of AT&T and architect of the telecom giant’s ill-fated acquisition of Time Warner, has resigned from the policy board of the Professional Golf Association at a critical moment.

Although an introductory video at Wednesday’s Warner Bros Discovery streaming event included clips of NBA star LeBron James and CNN host Anderson Cooper, the rest of the presentation was strikingly sports- and news-free.

Investor Nelson Peltz’s broadside against the the Walt Disney Co., and the prospect of rare proxy fight at the media giant, stunned media circles this week — and a flurry of SEC filings over the past few days suggest plenty more fireworks to come.

Brent Lang Executive Editor of Film and MediaAs 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 colleagues. Stankey led AT&T’s acquisition of DirecTV and Time Warner in 2015 and 2018, before replacing Randall Stephenson as CEO role of AT&T in July 2020.“My respect and appreciation for those I have worked closely with is enduring, and I will miss continuing to learn and problem solve with you,” Stankey wrote.

AT&T summoned the big players from the worlds of media and advertising to a beachside resort in Santa Barbara. The company had finally closed its $85 billion acquisition of Time Warner, after a protracted fight with the Department of Justice, and wanted to celebrate — and to mark its place at the center of the media ecosystem.The three-day AT&T Relevance Conference, at the lavish Ritz-Carlton Bacara, featured appearances by Derek Jeter and Issa Rae, as well as AT&T CEO Randall Stephenson.

AT&T’s chief executive John Stankey had a $24.8 million salary in 2021, as compared to his $21 million pay the year prior and $22.5 million earnings in 2019, per the telecommunications giant’s Securities and Exchange Commission filing made available Tuesday. While the CEO made a base salary of $2.4 million in 2021 (slightly higher than his $2.05 million in 2020), he received stock awards valued at $13.42 million. However, Stankey’s non-equity incentive plan more than doubled from $3.25 million to $6.88 million from 2020 to 2021.According to the filing, CFO Pascal Desroches received $11.7 million overall compensation in 2021, his first year in the position.

Jennifer Maas TV Business WriterWarnerMedia has been owned by telco giant AT&T for less than four years and it will soon have a new parent company — likely by the end of next month.Discovery’s shareholder vote on the acquisition of WarnerMedia is set for today during a special meeting of stockholders set for 10 a.m. ET. The deal is expected to get an easy thumbs-up given the approval already bestowed by Discovery’s oldest and most influential holders, investor John Malone and Advance/Newhouse Co.

Influential proxy advisor Institutional Shareholder Services (ISS) is recommending stockholders vote against AT&T’s executive compensation plan at its April 20 annual meeting after the company granted WarnerMedia CEO Jason Kilar a stock award valued at $48 million.

Randall Stephenson, AT&T's former chairman and CEO, has made good on his retirement from the telco giant, but with a one-year consultancy agreement in hand as he leaves the company's boardroom. On Monday, AT&T in an SEC filing said Stephenson on Jan.

Former FCC chairman and U.S. ambassador to the European Union William Kennard has been named chairman of the board of directors for telecom giant and WarnerMedia parent company AT&T.

Jill Goldsmith Co-Business EditorWarnerMedia parent AT&T today named former FCC chairman William Kennard chairman of the telecom giant’s board effective in January when current chair (and former CEO) Randall Stephenson retires.AT&T announced its plan to elect an independent chairman when Stephenson, who held both positions since 2007, stepped down in April. COO John Stankey stepped up as CEO in July.

Cynthia Littleton Business EditorFormer FCC chief William Kennard has been named chairman of AT&T’s board of directors.Kennard has been a member of AT&T’s board of directors since 2014. The telco giant vowed to separate the chairman and CEO posts following the retirement in January of Randall Stephenson, who previously was chairman-CEO.Last July, Stephenson handed the CEO reins to his longtime lieutenant John Stankey.

AT&T CEO John Stankey, who previously served as the CEO of WarnerMedia, will step down from the board of directors of shipping and logistics giant UPS. Stankey had been a UPS board member since 2014.

AT&T on Thursday said WarnerMedia will take control of its Xandr advertising unit, to be run by WarnerMedia chief revenue officer Gerhard Zeiler. The move follows Brian Lesser, who launched Xandr in 2017, last month leaving the telco giant.

By Elaine Low

By Ted Johnson

By Jill Goldsmith

AT&T has hired Ed Gillespie, the former chairman of the Republican National Committee and an aide to President George W. Bush, to serve as senior executive vp for external and legislative affairs.

WarnerMedia owner AT&T is canceling planned stock buybacks to maintain its financial flexibility amid the coronavirus pandemic. The telecommunications giant, led by chairman and CEO Randall Stephenson, earlier this month unveiled an accelerated share repurchase agreement with Morgan Stanley to buy back $4 billion of its stock during the second quarter.

WarnerMedia CEO John Stankey made $22.5 million in 2019, AT&T disclosed Wednesday in a regulatory filing. The executive,who was also promoted to the role of AT&T president and COO late last year, made $16.6 million in 2018 and $10.01 million in 2017.

In 2016, when AT&T revealed its intention to pay $85 billion for Time Warner, it said the deal would "enhance its revenue and earnings growth profile." Shortly after the merger closed in June 2018, AT&T CEO Randall Stephenson predicted TV subscribers would expand "over the next couple of years."But Jan.