John Stankey Net Worth

Stankey is an American businessman most well-known for his role as the director at AT&T Inc. as well as being a member of AT&T’s director’s board. John Stankey’s net worth is estimated at John Stankey net worth is around $25 million in 2022.

Early Life

John T. Stankey was born in the month of December in 1962. He was born in Los Angeles, California. His parents’ identities have not been disclosed however we know that his father was an insurance underwriter, and his mother was a housewife.

In addition, Stankey has two siblings of which he’s the youngest. In addition, the general public is not aware of about the name or the gender of the other siblings.

We know that he was born in an Jewish household located on the Palos Verdes Peninsula, south of LA. It’s unclear the high school Stankey attended however he did have an employment at Oshman’s sporting goods store as he completed his studies.

A scout from the Eagles, Stankey graduated with a B.B.A. of Finance at Loyola Marymount University in the 1980s. He then earned an M.B.A. in Finance from UCLA in 1991.

John Stankey Career

Stankey first entered the telephone business in 1985, after obtaining an entry-level job at the Pacific Bell Telephone Company. 13 years later the company was purchased from Ed Whitacre’s SBC Communications.

The businessman was constantly promoted upwards until he was appointed Director of Executive Vice Industry Markets in 1998, before being named an Executive Vice President for Industry Markets three years later.

The year 2001 was the time that Stankey appointed the president and chief executive officer in 2001. He was also named the President and CEO of SBC Southwest. In the following year, he was appointed in the position of CIO at”the new AT&T “new AT&T” after the merger of SBC with the AT&T Corporation was completed in 2005.

After holding various senior executive roles within the company Stankey was appointed CSO in addition to the president group of AT&T in January of 2012.

The New York Times stated that Stankey earned $22.5 Million from AT&T in the year 2019 and $21 million in the year following.

Business Deals

In the month of February 2021, under Stankey’s direction, AT&T sold a third of its stake in DirecTV to TPG Capital for $16.25 billion. The company spent an amount of $67 billion to acquire DirectTV in 2015.

Around the same moment, Stankey oversaw WarnerMedia’s sale to Discovery Inc. for roughly $102 billion, including stock. AT&T purchased WarnerMedia for $85 billion in 2018.

The was the same year that WarnerMedia appointed Stankey to be the company’s CEO. its business. In less than a year Stankey became the COO of AT&T as well as working for Warner.

In addition, Stankey as well as other executives were subject to some scrutiny in 2021, after it was revealed that they received significant stock awards in the year 2020 despite the COVID-19 epidemic, mass layoffs, bad customer service as well as ongoing loss of subscribers and mediocre return on stock.

Personal Life

First of all, Stankey is not a member of any social media accounts at the time of this writing. He is also engaged to Shari Stankey, however, we don’t have the date for their wedding.

However, it has been established that the couple are most proud grandparents of three kids. Unfortunately, we do not have specifics on their names, or genders as of yet.

We are told the fact that Stankey along with his wife have stunning houses situated in Dallas, Texas as well as Palm Desert, California.

John Stankey Net Worth

It is believed that the John Stankey net worth figure of $25 million was built up over the course of his time as the CEO of renowned firms, with the most notable being AT&T. Earning around $20 million annually in the latter part of 2010, Stankey has done quite well for himself, in spite of his company’s poor performance under his direction.

According to The Wall Street Journal, Stankey earned between $16.5 to $22.5 million between the years 2018 between 2018 and 2019.

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