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0.000514050719671027 0.000579163810829446 0.000517477724468826 0.00205620287868411 0.00273132282385204 0.00545579163810836 0.00376970527758749 0.00753941055517486
Stock impact report

AT&T CEO Randall Stephenson to step down, COO Stankey to take over [CNBC]

AT&T Inc. (T) 
Last at&t inc. earnings: 4/22 06:54 am Check Earnings Report
US:NYSE Investor Relations: en.wiktionary.org/wiki/at
Company Research Source: CNBC
AT&Twill retireStephenson, 60,said in FebruaryStankey, who was being groomed as Stephenson's successor over the last couple years, recentlydropped his position as CEO of AT&T's WarnerElliott Management, the activist investment firm thatpushed for executive changes at AT&TCNBC previously reported"We have been engaged with the company throughout the search process, which was a robust one, including a range of highly qualified outside candidates and overseen by independent directors," Elliott partner Jesse Cohn said in a statement.Stankey will take over AT&T as the company is navigating the Covid-19 pandemic while juggling a massive debt load, a mass loss of subscribers for DirecTV and its entrance into the streaming wars with the launch of HBO Max next month. AT&T will also have to compete with a bigger competitor inT-In thefirst quarterHBO Max will launch on May 27AT&T's heavy spending on acquisitions of DirecTV and Time Warner has landed it into about $200 billion in debt. Elliott cri Show less Read more
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