×
You will be redirected back to your article in seconds

WarnerMedia CEO John Stankey Pay Rose 64% in 2018, to $16.6 Million

John Stankey, CEO of AT&T’s WarnerMedia who has dramatically reshaped the businesses of Time Warner, saw his total compensation package increase 64% last year, to a total of $16.6 million.

Meanwhile, AT&T chairman, president and CEO Randall Stephenson pulled in a pay package worth $29.1 million in 2018, up 1.4%. AT&T disclosed the compensation details in an SEC proxy statement filing Monday.

Among other senior AT&T execs, CFO John Stephens saw his total compensation rise to $15.6 million (up 13%) while AT&T Communications CEO John Donovan’s pay package declined 4%, to $14.6 million. General counsel David McAtee saw his comp more than double, to $12.85 million, in 2018.

Stankey, a 33-year veteran of the telco, oversees AT&T’s media business which includes HBO, Turner, Warner Bros., and Otter Media. He led the integration planning team for the AT&T takeover of Time Warner, which closed last June.

In the filing Monday, the AT&T board’s compensation committee said it hiked Stankey’s compensation “to reflect his new responsibility for all of AT&T’s content-related assets, including each of Time Warner’s businesses. In addition, the Committee determined that Mr. Stankey’s unique skills and experience are critical to executing the Company’s post-close strategic plan.”

Stankey received a base salary increase from $995,000 in 2017 to $1.1 million effective March 1, 2018 — and that was boosted to $2.9 million effective June 16, 2018, “to reflect the increased scope and complexity of his new role as CEO of WarnerMedia,” according to AT&T. Stephenson’s base salary for 2018 was unchanged, at $1.8 million.

For 2018, Stankey’s compensation package included $2.06 million in salary; a $2 million bonus; stock awards valued at $6.89 million plus $4.37 million under AT&T’s non-equity incentive plan; $574,835 for change in pension value and non-qualified deferred compensation earnings; and $655,696 in other compensation (which included company-paid life insurance premiums, matching contributions to deferral plans, and state and local income tax reimbursements made in connection with Stankey’s business travel).

Stankey recently enacted a significant reorganization of WarnerMedia, which saw the exit of HBO CEO Richard Plepler and Turner president David Levy and the appointment of Bob Greenblatt as chairman of WarnerMedia Entertainment and direct-to-consumer units. Among other changes, CNN chief Jeff Zucker, Warner Bros. chairman-CEO Kevin Tsujihara, and Turner International leader Gerhard Zeiler also picked up more oversight responsibilities.

Stankey previously has served in multiple senior roles at AT&T, including CEO of AT&T Mobility and Entertainment, after leading the company’s acquisition of DirecTV in 2015 when he was chief strategy officer.

AT&T has set its 2019 annual meeting of stockholders for Friday, April 26, starting at 9 a.m., at the Moody Performance Hall in Dallas. “At this year’s meeting, we will discuss our strategy to become a modern media company and deliver on our mission to inspire human progress through the power of communication and entertainment,” Stephenson wrote in a letter to investors included in the SEC filing. “Most important, we’ll discuss our plans to grow free cash flow and pay down our debt – all while continuing to invest in growth and maintain a solid, steady dividend for you, our owners.”

More Biz

  • pharrell brain child show

    'Blurred Lines' Flares Up Again - Marvin Gaye Family Claims Pharrell Perjured Himself

    Like a zombie that just won’t stay dead, the “Blurred Lines” case keeps coming back. While the 2015 verdict, in which Pharrell Williams, Robin Thicke and the song’s publisher were ordered to pay nearly $5 million to Marvin Gaye’s family for infringing upon the late singer’s 1977 hit “Got to Give It Up,” was basically [...]

  • WGA Agency Packaging Fight Placeholder Writer

    WGA-Agency Showdown: Role of Showrunners at Heart of Legal Arguments

    The Los Angeles courtroom of U.S. District Judge Andre Birotte was packed with well-dressed lawyers on Friday morning, eager to watch a high-stakes brawl between Hollywood’s largest talent agencies and the Writers Guild of America. Birotte allowed only four lawyers from each side to sit at each table, leaving the vast majority of the attorneys [...]

  • 700700 + Ted Turner Dedication. December

    Ted Turner Tributes Established With WarnerMedia Gift to University of Georgia

    WarnerMedia has established a scholarship, internship program and exhibition hall at the University of Georgia to be named after maverick media mogul Ted Turner. The company has gifted $550,000 to the university to create the Ted Turner Scholarship Fund, for students attending the school’s Grady College of Journalism and Mass Communication, which is also the [...]

  • WGA Agents Contract Tug of War

    Judge Leans Toward Agencies' Position in Writers Guild Antitrust Suit

    A federal judge indicated on Friday that he will allow the three major agencies to pursue their antitrust lawsuit against the Writers Guild of America. The WGA has urged U.S. District Judge Andre Birotte to throw out the suit, arguing that its actions in its ongoing battle with the agencies are protected under antitrust law. [...]

  • Keli LeeStep Up Women Network 9th

    Keli Lee Exits ABC Studios International as Disney Considers Division's Fate (EXCLUSIVE)

    ABC veteran Keli Lee has left the international arm of ABC Studios as Disney considers the future of the London-based content unit, Variety has learned. Sources said Disney has told the creative community that there “has been a re-evaluation of ABC Studios International” and that it is re-assessing “the creative direction” of the business. There [...]

  • Biggest Scandals Feuds and Apologies of

    Biggest Scandals, Feuds and Apologies of 2019

    Variety looks back on some of the biggest scandals, feuds and apologies of 2019: College Admissions Scandal Wealthy parents including Felicity Huffman and Lori Loughlin were charged with bribing school officials to get their unqualified kids into prestigious universities. Shane Gillis Executives at “SNL” hired, then fired, Gillis in September, before the new season started, [...]

  • Biggest Media Moments of 2019

    From 'Catch & Kill' to Shepard Smith: The Biggest Media Moments of 2019

    Variety looks back on some of the most memorable media events of 2019: ‘Catch & Kill’ Reopens Wounds at NBC News Ronan Farrow’s book relitigates his complaints that NBC News tried to tamp down his investigation of harassment and assault allegations against Harvey Weinstein. NBC News denies the claim. The book contains new allegations against [...]

More From Our Brands

Access exclusive content