AT&T's acquisition of DirecTV has also been a "disaster," according to Moffett, who estimated DirecTV is worth less than half of the near $50 billion AT&T paid for it in 2015. He reportedly didn't furnish parts of the home for years, preferring to use the open space to Rollerblade and play Wiffle ball. Cosmetics queen Mary Kay Ash built this pink palace in 1984 and reportedly lived there until her death in 2001. AT&T misjudged the pace of how many satellite TV customers would ditch their traditional pay-TV service for so-called "over the top" internet video options. It was $0.355 back in May 2017. You can also subscribe without commenting. [17] On December 1, 2009, Whitacre became interim CEO following Fritz Henderson's resignation. Want to know more about Randall’s wife? A few months after Cuban sold to Yahoo for $5.7 billion in April 1999, he bought this 23,700-square-foot, ten-bedroom house, which features a spa, a sauna, a pool and five wet bars. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. [7] There had been allegations by former AT&T technician Mark Klein that such work had been done in Room 641A of the San Francisco offices. He's tried to be extremely aggressive with acquisitions throughout his tenure, first trying to buy wireless provider T-Mobile in 2011 for $39 billion, then pivoting to buy DirecTV for $48.5 billion in 2015, and finally landing his biggest blow by purchasing Time Warner for $85 billion in a deal that closed in 2018. AT&T CEO Randall Stephenson announced he's retiring effective July 1, 2020. When Stephenson took over AT&T as CEO in May 2007, the company's stock price was $39.47. He is also a former chairman of the board and chief executive officer of AT&T Inc., previously Southwestern Bell Corporation (SBC). How Did Two Young Lawyers Get To Have Dinner With The Obamas? Stephenson dated one of Jones' friends, Lenise Harris, all through high school, Jones said. Stankey has a grand vision for how AT&T can use HBO Max, WarnerMedia's new streaming service that launches next month, to bolster its own wireless service and help boost AT&T's trading multiple to something that looks more like Netflix's. Lenise Stephenson is affiliated with University of Texas. However, Time Warner also owns CNN, which was recently trashed by president elect, Donald Trump –for being a ‘terrible organization.’. ATL Special Report Podcast: Tactical Use Cases and Machine Learning with Lexis+. If Bush 43 ever gets nostalgic for his previous residence, a replica of the White House owned by multilevel-marketing entrepreneur Ralph Oats. He served as national president of the Boy Scouts of America from 1998 to 2000. The S&P 500 is up about 85% in the same period. Barack Obama, Fabulosity, Food, Health Care / Medicine, Music, Parties, Pictures, Politics, Small Law Firms. But choosing anyone else would "potentially be catastrophic," given the unfinished moves AT&T has already made. Whitacre was born in Ennis, Texas. King claimed that Randall helped to cover up racist texts that were sent by the then President, Aaron Slator. *Property value includes house and adjacent parcels of land. Chief Product Officer Jeff Pfeifer joins Ian to introduce the Lexis+ platform experience. Whitacre led SBC through a series of mergers and acquisitions in building the largest provider of both local long distance telephone services and wireless service (through its Cingular division) in the United States. HBO has stood for quality programming for decades. This may be hotter-than-hellfire Texas, but Beal's estate includes 11 fireplaces, a movie theater, a swimming pool, a tennis court and a wine cellar. We want to hear from you. $5.6 million (assessed value) AT&T's CEO picked up this 11,900-square-foot mansion in 2009. These acquisitions included Pacific Telesis (1997), SNET (1998), Comcast Cellular (1999), Ameritech (1999) and AT&T Corporation (2005), from which the post-merger company took its name, as well as the 2006 acquisition of Bell South. Her husband is the man who want to buy Time Warner which owns CNN, the latter has been trashed by Donald Trump. Whitacre was questioned regarding possible customer information leaks to the NSA in the interest of national security. AT&T Chief Laid Plans for His Exit. Staff writer at Forbes. [20], He continues to live in San Antonio, but frequently travels to Detroit. on Dec. 6th, 2018. in accounting from the University of Central Oklahoma and his Master of Accountancy from the University of Oklahoma. That perhaps best sums up Stephenson's tenure, which has been notable for its huge bets on acquisitions that have given AT&T sufficient streams of cash flow and potential new revenue streams away from wireless phone business. Lenise and her husband are the proud parents of two daughters, including daughter Abby. He graduated from Texas Tech University with a bachelor's degree in industrial engineering and is a member of the Delta Tau Delta fraternity.[5][6]. AT&T is also one of the world's most reliable dividend payers, and the company's dividend has consistently increased since 2007. Randall L. Stephenson is married to Lenise Stephenson, and together they are the parents of two children. Jews are very successful in America and have contributed much to its growth. or Vonage should not be able to “use the pipes for free.” [10], On April 27, 2007, at the AT&T annual stockholders meeting, Whitacre announced his intent to retire as chief executive officer and chairman of the board, effective June 3. She is a member, Board of Visitors at University of Texas – MD Anderson Cancer Center. Winning Deals, Cases and Clients with Legal Data. Mark Cuban's palatial spread (pictured above) is several blocks away. You may opt-out by, Live: What The Presidential Election Results Mean For Your Money, EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change. AT&T lost more than 4 million customers from its satellite, wireline and linear streaming-TV services in 2019, from 24.5 million to 20.4 million. Stephenson’s career advanced as the company grew and expanded from its regional focus.