fbpx
  • About Us
  • Privacy Policy
  • Contact Us
  • Impressum
Dailycrypto
Ledger Nano X - The secure hardware wallet
ADVERTISEMENT
  • Home
  • Bitcoin
  • Ethereum
  • Cryptocurrency
    • Altcoin
    • Litecoin
  • Blockchain
  • Regulation
  • Market
  • Prices
  • ICO
No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Cryptocurrency
    • Altcoin
    • Litecoin
  • Blockchain
  • Regulation
  • Market
  • Prices
  • ICO
No Result
View All Result
Dailycrypto
No Result
View All Result
Home Market

AT&T Stock Up Nearly 1%, AT&T CEO Randall Stephenson to Step Down

crypto by crypto
April 25, 2020
in Market
0
AT&T Stock Up Nearly 1%, AT&T CEO Randall Stephenson to Step Down
189
SHARES
1.5k
VIEWS
Share on Facebook


AT&T CEO Randall Stephenson will retire while the company’s President and COO John Stankey will replace him. AT&T stock is in the green.

American multinational conglomerate holding company and one of the world’s largest telecommunications and mobile telephone services provider AT&T Inc (NYSE: T) made public on Friday that it’s Chief Executive Officer (CEO) Randall Stephenson is going to retire. Meanwhile, these days AT&T stock is in the green,

John Stankey, Chief Operations Officer and President, will succeed CEO Randall Stephenson on July 1.

Before Stephenson’s retirement, he was AT&T’s CEO and chairman for over a decade (13 years) and, upon retirement, would be the Executive Chairman of the Board of Directors till next year to make sure leadership succession in the firm gets into the right hands.

However, naming John Stankey as the next CEO and succession processes started two years ago at the Board level. As the process was near completion, suitable candidates were thoroughly evaluated within and outside the firm.

AT&T’s HR Committee, alongside independent directors and foreign consultants, searched thoroughly for five months to get the right successor for CEO Randall Stephenson.

The long time search was to make sure that the new CEO had characteristics and leadership qualities required to execute AT&T’s strategic plans.

However, with John Stankey, the new AT&T CEO, all looks good as the investment firm Elliott Management that championed the move for AT&T executive change is in support of Stankey as the new CEO after not liking the idea initially.

AT&T Stock Is Up after the News about CEO Retirement

Yesterday AT&T stock was on a bullish run. On Friday, it surged 0.7%, having open at $29.59 and now trading at $29.71. After hours, the stock was 0.13%. In the long run, however, AT&T is trying to maneuver these hard times amidst the coronavirus pandemic alongside a huge debt load after losing a lot of DirecTV subscribers.

Between January and April 2020, the telecom firm has lost not less than 890,000 premium TV subscribers. AT&T also has T-Mobile to compete within the industry following the latter’s merger with Sprint. Stephenson, before retirement, wanted to take over T-Mobile in 2011 but failed as the Department of Justice obstructed the acquisition.

The firm’s shares had also plunged 25% since 2007 when CEO Randall Stephenson assumed office. At the same Time, AT&T currently wallows in $200 billion debt following its DirecTV take over. However, the AT&T board is to elect an independent director who will be the chairman of the Board of Directors after Stephenson retirement next year.

Business, Market News, News, Stocks, Wall Street

Author: Muhaimin Olowoporoku

Muhaimin is a journalist, a fintech and crypto enthusiast who is passionate about its development in Africa and across the globe. Muhaimin derives pleasure in reporting and analysing happenings in the crypto world and a believer in Blockchain technology.

Thank you!

You have successfully joined our subscriber list.

Related articles

NewsCrypto Is Next Project Listed on PancakeSwap

NewsCrypto Is Next Project Listed on PancakeSwap

March 4, 2021
SNOW Stock Down 9% Yesterday, Snowflake Releases Q4 and Full Fiscal Year Earnings Report

SNOW Stock Down 9% Yesterday, Snowflake Releases Q4 and Full Fiscal Year Earnings Report

March 4, 2021



Source link

Tags: ATTCEORandallStepStephensonStock
Share76
ADVERTISEMENT

Related Posts

NewsCrypto Is Next Project Listed on PancakeSwap

NewsCrypto Is Next Project Listed on PancakeSwap

by crypto
March 4, 2021
0

With the NewsCrypto Coin (NWC) token now being launched on PancakeSwap, users are able to benefit from its impressive...

SNOW Stock Down 9% Yesterday, Snowflake Releases Q4 and Full Fiscal Year Earnings Report

SNOW Stock Down 9% Yesterday, Snowflake Releases Q4 and Full Fiscal Year Earnings Report

by crypto
March 4, 2021
0

In its earnings report, Snowflake also gave a projection of its anticipated performance for the fiscal 2022 financial year.American...

In First Physical Banksy Artwork Burned and Digitized to NFT

In First Physical Banksy Artwork Burned and Digitized to NFT

by crypto
March 4, 2021
0

The 21st-century art enthusiasts are stashing physical artwork and converting them into digital collectibles in the forms of blockchain-based...

DIS Stock Up 0.87%, Company Plans to Close 20% of Disney Stores to Focus More on e-Commerce

DIS Stock Up 0.87%, Company Plans to Close 20% of Disney Stores to Focus More on e-Commerce

by crypto
March 4, 2021
0

As Disney plans to focus on e-commerce, the company said it would work on a better shopDisney website.The Walt...

Hex Trust Announces Custodial Solutions for Non-Fungible Tokens (NFTs)

Hex Trust Announces Custodial Solutions for Non-Fungible Tokens (NFTs)

by crypto
March 4, 2021
0

Hex Trust is the first-ever platform to offer secure custodial services for NFTs. The decision comes amid NFTs gaining...

Load More
  • Trending
  • Comments
  • Latest
Sergei Polunin Embraces the Future of Dance by Collaborating With Sensorium Galaxy in 3D Social Virtual Reality

Sergei Polunin Embraces the Future of Dance by Collaborating With Sensorium Galaxy in 3D Social Virtual Reality

April 25, 2020
AT&T Stock Up Nearly 1%, AT&T CEO Randall Stephenson to Step Down

AT&T Stock Up Nearly 1%, AT&T CEO Randall Stephenson to Step Down

April 25, 2020
Top Crypto Whale Trashes DeFi, An Ethereum Marketing Ploy with “No Utility”

Top Crypto Whale Trashes DeFi, An Ethereum Marketing Ploy with “No Utility”

April 25, 2020
Coinbase Oracle, Gun Sirer’s Grants and Blandina ‘Bakkts’ Out

Coinbase Oracle, Gun Sirer’s Grants and Blandina ‘Bakkts’ Out

April 25, 2020
Coinbase CEO Brian Armstrong Tops Hurun List of Blockchain Billionaires

Coinbase CEO Brian Armstrong Tops Hurun List of Blockchain Billionaires

0
Liquidity Crisis: The Fed Is Sending Billions of Emergency Dollars to USD-Dependent Nations

Liquidity Crisis: The Fed Is Sending Billions of Emergency Dollars to USD-Dependent Nations

0
Dydx Processed $1.1 Billion Cryptocurrency Loans in 12 Months — 70% in Just 60 Days

Dydx Processed $1.1 Billion Cryptocurrency Loans in 12 Months — 70% in Just 60 Days

0
Bitcoin to Be Digital Gold in 2020, Says Bloomberg Report

Bitcoin to Be Digital Gold in 2020, Says Bloomberg Report

0
Coinbase CEO Brian Armstrong Tops Hurun List of Blockchain Billionaires

Coinbase CEO Brian Armstrong Tops Hurun List of Blockchain Billionaires

March 4, 2021
Coinbase CEO Brian Armstrong Tops Hurun List of Blockchain Billionaires

Coinbase CEO Brian Armstrong Tops Hurun List of Blockchain Billionaires

March 4, 2021
NewsCrypto Is Next Project Listed on PancakeSwap

NewsCrypto Is Next Project Listed on PancakeSwap

March 4, 2021
NewsCrypto Is Next Project Listed on PancakeSwap

NewsCrypto Is Next Project Listed on PancakeSwap

March 4, 2021
Dailycrypto

We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency. Simple logic and real-world examples are preferred before technical jargon and personal rants.

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Ethereum
  • Litecoin
  • Market
  • Regulation

Archives

  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • About Us
  • Privacy Policy
  • Contact Us
  • Impressum

© 2020 dailycrypto.blog

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Cryptocurrency
    • Altcoin
    • Litecoin
  • Blockchain
  • Regulation
  • Market
  • Prices
  • ICO

© 2020 dailycrypto.blog