It has repeatedly favored growing through acquisition rather than confronting the nitty-gritty of improving its network infrastructure and long-derided customer service. 68. Over the course of fifteen years, he spent nearly $300 billion on thirteen . Ms. Carr is the director of MGIC Investment Group. 48 Barry and Elizabeth McAllen Roberts Endowed Chair in Transplantation, Bartell Zachry Memorial Endowment for Research in Neurodegenerative Diseases, Teresa Lozano Long Endowed Memorial Scholarship, Armando Nasta Symposium on Gynecologic Innovation, I Stand for The Hospital Employee Campaign, Give Cancer the Boot Survivorship 5K/1 Mile Walk donation, http://makelivesbetter.uthscsa.edu/galavirtual. Meanwhile, complaints over dropped phone calls and patchy internet were as consistent as iPhone sales, highlighted by a 2010 Consumer Reports ranking of AT&T as the least-reliable carrier by a significant margin. Last Year: No. 9 Gilbert Hodge $2,808,870 (Terrell Hills) $5,075,000 (Terrell Hills) 9 Keep Going, Keep Growing 121. Especially for a company, AT&T, that hadnt yet proved that it knew how to play the entertainment game. Whitacre had made all his acquisitions without any major roadblocks from regulators, projecting an aura of invincibility and unimpeded growth for the company. Berkley & Bonnie Dawson Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? maid rite recipe with chicken broth. 47 Even with much greater influence as the largest pay-TV provider in the country, AT&T found itself dealing with rapidly increasing rates for content by networks it sought to carry on DirectTV and the spinoff DirecTV Now streaming service it launched in November 2016. During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? Mr. Conn is a principal in L-C Concrete, Inc., L-C Transport LLC and real estate interests in San Antonio. 52 The drama is enough inspire a moviereleased directly to HBO Max, of course. John Spong writes primarily about popular culture. 78. . David and Karen Zachry Internationally renowned engineer Eric Brey is the Edward E. Whitacre, Jr. Endowed Chair in Mechanics and a distinguished leader in positioning UTSA as a premier institution for scientific research. 63 WarnerMedias decision, and its fallout, could well prove to be the most significant legacy of what now appears to be a short-lived foray by AT&T into movies and television. AT&T managers saw the portion of their compensation tied to stock prices dip, and felt that top executives left them in the dark on the direction of the company. Amid the pandemic, Stankey soon laid offa reported 3,400 phone workers and another 1,200 from WarnerMedia. He has received four Academy Award nominations, winning Best Supporting Actor for his performance as U.S. $3,300,000 (Greystone Country Estates) In 2005, Ed Whitacre (left) and David W. Dorman, then CEO of AT&T, announced that SBC Communications was acquiring the legacy brand that had once been its parent company. $2,821,550 (Hill Country Village) Last Year: No. Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance? Dr. Kiesz is the president and CEO of San Antonio Endovascular & Heart Institute and Mrs. Kiesz is identified as administrator of that facility. Taylor Prewitt is the newsletter editor for Texas Monthly. Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year? That unprecedented move would eliminate the ninety-day window when cinemas have traditionally enjoyed exclusive rights to show new releases. Competition among streaming-television providers was just beginning to intensify, and it was soon apparent the contenders needed as much content as possible on their services to keep customers attention (along with their monthly subscription payments). $4,100,000 (Terrell Hills) General Motors Co.'s upcoming stock offering will debut between $20 and $25 per share next month, GM Chairman Ed Whitacre Jr. predicted Wednesday in San Antonio. 77 He serves on the national board of Boy Scouts of America. AT&T's "Cowboy Swagger" Led to Its Hollywood Misadventure He was later named General Motors. Organization representatives - add corrected or new 59. 41 To leap back over Verizon, Stephenson employed a move from the Whitacre playbookannouncing a $39 billion purchase of T-Mobile in March 2011. The company projected that by 2025, it would have 150 million subscribers on HBO and HBO Max, up from an earlier projection of 90 million. $3,285,000 (Alamo Heights) 90. Mr. Daniell is the owner of JD Properties. Edward Whitacre Jr., the new chairman of General Motors, . AT&T made it official in a press release about 6:15 a.m., Dallas time, the next day. 33. There was no real engagement to try to bring people along.. While Stephenson fell for the lure of Tinseltown, Entner says, and it was a siren song, Stankey has given more focus in the area that matters most. 82. Ms. Baugh is the president of the John and Eula Mae Baugh Foundation and daughter of Sysco Corp founders John and Eula Mae Baugh. So Stephenson, again, planned to recover from a failure with a big swing. These guys cant say hello without making a deck to do it, the former executive said wryly. $3,460,000 (Terrell Hills) Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year? 37 Michael W. and Candace Humphreys 54 Agree to pay money or property to a government official? Furnish goods, services, or facilities to (or accept them from) a disqualified person? The short-term benefits seemed readily apparent. Mr. Jimenezs office is in Boerne, but his secretary declined to say who resides in the Dominion home. If you are not able to attend the Gala but would like to support the Linda and Ed Whitacre UT Health San Antonio Hospital Fund, please click here. AT&T CEO Whitacre to retire after 44 years with company. 9. David W. Dorman, AT&T chairman and chief executive and Ed Whitacre, CEO of SBC pose for a photograph in the Plaza Hotel February 1, 2005 in New York. October 30, 2021 . 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]. 3. On September 1, 2010, Whitacre stepped down as CEO, and retired as chairman of the board by the end of 2010. Sanjay and Swapnil Misra 7. 37 $4,148,620 (Shavano Park) and Elizabeth Buford Eilene Sullivan $3,910,200 (Terrell Hills) Verizon gave up on its comparably light gamble outside its core business in early May, announcing the sale of AOL and Yahoo to the private equity firm Apollo Global Management so it could focus on phones and internet. He worked at an Oshmans sporting goods store in high school, stringing tennis rackets, and followed his father and grandfather in becoming an Eagle Scout. David and Karen Zachry 96. BG Group LLC is a diverse investment holding company. 1. Last Year: 43 Annabell Sweeney Ames 6. He now manages Petty Interests, a variety of firms in ranching and natural resources headquartered in a stone and glass office building he built and owns on Austin Highway. He is clinical, he looks at facts, says Jeff McElfresh, who heads AT&Ts cellular and broadband sector. We encourage an environment of dialogue and discovery, where integrity, excellence, inclusiveness, respect, collaboration and innovation are fostered. Todd and Anna Wulfe (In the same time frame, cable-TV giant Comcast went from 22 million to 20 million subscribers.). 22. It was the runt of the Baby Bell litter, but it also soon had a Texan CEO with big ideas. Edward Earl Whitacre Jr. (born November 4, 1941) is the former Chairman and CEO of General Motors.He is also a former chairman of the board and chief executive officer of AT&T, previously Southwestern Bell Corporation (SBC). Their home, consisting of about 11,000 square feet of enclosed living area, has been listed for sale for more than $10 million in recent years. Memorial Fund, John J. Ghidoni, MD Memorial Fund in Pathology, Beth A. Goins, Ph.D. Radiological Sciences Graduate Program Endowed Scholarship, Milka M. Montiel, M.D. 91. Last Year: No. For more information about the information we collect and why we collect it, please review our Privacy Policy. Pay compensation to, or pay or reimburse the expenses of, a disqualified person? $3,090,000 (Alamo Heights) At UT Health San Antonio, we take your privacy and sensitive information seriously and will not use the information you provide for purposes other than those related to processing your donation or gift. In October 1988, Whitacre became president and chief operating officer of a regional bell operating company, Southwestern Bell Corporation. 8. $3,100,000 (Alamo Heights) $2,923,780 (Alamo Heights) Television and movie studios, owned by the likes of Disney, NBCUniversal, and Viacom, were charging escalating prices and using the proceeds to invest in their own planned streaming services to challenge front-runner Netflix. Spitfire Realty Robert and Sandora Kolitz Elliott bought $3 billion in AT&T shares, planning to use its financial position to influence the company to make changes it believed would increase the value of its stock. He started workwith the Southwestern Bell Telephone Company in 1963 as a facility engineer. There were signs, even before announcing the spinoffs of DirecTV and WarnerMedia, that Stankey was refocusing AT&T on its core businesses. Dr. William Cameron Powell is the cofounder and chief medical officer of AirStrip Technologies, a company that employs the power of mobile communications to speed the delivery and accuracy of health care. Mr. Gunn is chairman of the board of Gunn Automotive Group. He offered a response that matched his reputation as someone inspired more by spreadsheets and ledgers than Oscar winners and superheroes. Global Investors. He started work with the Southwestern Bell Telephone Company in 1963 as a facility engineer. Mr. McCombs needs no introduction. Stephens and other executives made the companys entre into entertainment sound like a natural progression. Crowds wrapped around AT&T and Apple stores throughout the country to snag iPhones, among the most hyped (and successful) technological devices ever. In February 2021, he announced that DirecTV and U-Verse would be spun off, creating a new company valued at $16 billion. Guenther & Son, Inc. (parent company of Pioneer Flour and other brands). Whitacre's "Lessons in Leadership" and amiable nature set the bar high for incoming speakers. The DirecTV and Time Warner acquisitions werent all on Stephenson. While Whitacre succeeded in growing SBC and launching the new AT&T, its stock often underperformed the S&P 500 during his final years in charge. Zachry Corp. in charge of heavy civil construction, as well as subsidiaries like Capitol Aggregates, Sunset Station and the Hilton Palacio del Rio. San Antonio 107. 60 12. Two years later, Whitacre became chairman of the board and chief executive officer. But the Obama administration Justice Department filed an antitrust suit that August, and AT&T backed away. Last Year: No. Firm partner Jesse Cohn authored a scathing letter to AT&Ts board, disparaging Stephenson and Stankey without calling them out by name. The marketing team, adept at assembling promos for prestige entertainments such as The Sopranos and Deadwood, cut together a clip to hype a new sort of attraction: a 55-year-old corporate executive with an MBA and more than thirty years of telecom experience. Whitacre handed Stephenson a company with 61 million cellular subscribers, edging out Verizons 59 million for the industrys top spot. 31 One of the critics on the board was Dan Akerson. Whitacre's Way - Forbes Butt, Jr. and collaborates with husband David Rogers to lead Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? $3,650,000 (Alamo Heights) Christopher Hall This posed a problem for Dallas-based AT&T, which in 2018 had spent $104 billion (including the assumption of debts) to purchase Warner Bros., DC Comics, HBO, and the Turner television networks from Time Warner, rebranding the collective assets as WarnerMedia. Last Year: No. The HBO Max release plan is indicative of how AT&T has long operatedcharging ahead with risky decision after risky decision in hopes of making up for (or at least obscuring) setback after setback. Ed Whitacre speaks to the media during an event at the GM Fairfax Assembly Plant in Kansas City in 2010. Credit: Ed Zurga / Bloomberg via Getty Images. Mr. Zachry is the president of the Zachry Corporation division of the old H.B. $2,825,000 (Olmos Park) $4,300,000 (Terrell Hills) Mrs. Sullivan is the former chair of the University of the Incarnate Word board of trustees. Whitacre was questioned regarding possible customer information leaks to the NSA in the interest of national security. Last Year: No. 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. RDH, Endowed Memorial Scholarship, Dr. John Littlefield Memorial Endowment Fund, Timothy B. Henson Endowment in Pediatric Dentistry, Dr. John Rugh Student Research Travel Award Endowment, Nita Swenson Wallace Endowment in Dental Hygiene, Dean William W. Dodge, DDS Endowment for Excellence in Dentistry, The East Africa Oral Health (EAOH) Initiative, Dr. Peter M. Loomer Endowment for Dental Faculty Excellence, Dr. Shannon Barnhart Distinguished Resident Award, Debbie Canales Yrle Distinguished Service Endowment, Oveland Family Leadership Endowment in Rehabilitation and Research, Floyd L. Carriker Memorial Endowed Scholarship, Shirlyn McKenzie Endowed Professorship Fund in Clinical Laboratory Sciences, Medical Laboratory Sciences Endowed Scholarship, Kimatha Grice Scholarship for Hand Therapy, Physician Assistant Studies Program - Laredo, Greehey Children's Cancer Research Institute, Deaf Education and Hearing Sciences Chatterbox program, Hanna E. Abboud, M.D. The Edward E. Whitacre, Jr., Endowed Chair in Mechanics Mr. Brundage is the president of Sun Loan Company and A-AAA Key Mini Storage. Last Year: 81 He is now listed as a partner in Save On Energy, Ltd. 13. Has the foundation filed a tax return on Form 990-T for this year? 16. Mr. Holt is the managing partner of the San Antonio Spurs and related entities that own the NBA franchise, the WNBA Silver Stars, the minor league Rampage hockey team, and the AT&T Center arena management firm. Bloomberg broke news of a possible spinoff of WarnerMedia on Sunday, May 16. As Stankey finished his comments, the camera zoomed out, and on a shelf in the background, a Batman figurinewith its fists squared for battleloomed over his shoulder. SAN ANTONIO - Edward Whitacre Jr., who led AT&T Inc.'s (T) expansion into the largest telecommunications company in the nation, announced unexpectedly . Beneath the giant screen was the AT&T Experience Store, featuring virtual reality Wonder Woman games and two life-size statues: Gadot sparkling in golden Wonder Woman armor, and Wiig grimacing in spotted fur as the villainous Cheetah. They were sending signals to the audience and investors and anyone whos listening that they were going down the road of streaming at that point, Swann says. 88 Mr. Jaffe is the son of Horseshoe Bay Resort founder Morris Jaffe and Jeanette Longoria. A . Last Year: No. And when the facts tell weve got to change because this industry is evaporating, this industry is winding down, whether or not he was the one who made the decision to launch the product, he is the first one in the organization to say that its got to change.. Nursing Scholarship Endowment in Honor of Victoria Boiling, Jane Powell and Thomas Powell, Jr. Endowed Scholarship, Robert W. Huff, M.D. 77. Whitacre Family Foundation in San Antonio, Texas (TX), NonProfitFacts.com - Tax-Exempt Organizations, Capital Gains and Losses for Tax on Investment Income, Statements Regarding Activities for Which Form 4720 May Be Required, Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations, Organizations performing similar types of work, Samuel Otero Evangleistic Association, Ministerio Proclamando Libertad, Theta Eta Chapter Of Chi Eta Phi Sorority Inc, Escuela Magnetico Espiritual De La Comuna Universal, Nancy Smith Hurd Foundation Tr, Nancy Smith Hurd Ttee, Fifth Age Of Man Foundation -A Delaware Non-Profit Corporation, National Taxonomy of Exempt Entities (NTEE), Philanthropy, Voluntarism and Grantmaking Foundations: Corporate Foundations. Last Year: No. Hardly anyone outside AT&T agrees it made sense: Inarguably one of the worst deals of all time, Craig Moffett, an analyst for MoffettNathanson and a prominent AT&T critic, wrote in one investors note. More than three years after the (WarnerMedia) deal was announced, the letter stated, there is still confusion over strategy and a growing sense that AT&T doesnt have a plan.. 20 Weeks later, during a videoconference presentation to investors and analysts on March 12, Stankey gave jargon-heavy explanations for why these disparate parts fit together. 59 Edward Whitacre Jr Photos and Premium High Res Pictures - Getty Images 86. 64 88. By Dennis Kneale. 2. Endowed Professorship, Peter Richard Stewart Endowment for Pediatric Brain Cancer Research, Norman Talal, M.D. Gabriel and Teresa Khodr At the end of 2020, combined HBO and HBO Max customers stood at 41.5 million, an increase of about 7 million since the end of 2019. Ed Whitacre grew up in Ennis, 35 miles southeast of Dallas. Rodney and Kim Lewis 73. 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. Last Year: No. Francis and Catherine Burzik AT&T executives still defend the DirecTV deal by citing $4 billion in annual cash flow it brought the company, which they say helped it fund expenditures for its core phone business. The Ames family is also identified with the oil industry. In response, AT&T and Verizon were forced to reprice their offerings, which cut into their margins. He is the former CEO of The Scooter Store and former executive vice president and CFO of Kinetic Concepts. There was a little bit of a feeling of powerlessness, says one of the laid-off executives, knowing that the people at AT&T thought of themselves as making decisions that had significantly more important results than any decision that a person in entertainment could possibly have.. 33 Peter Holt and Lauren Holt John and Jocelyn (Theard) Battles $3,170,000 (Terrell Hills) Mr. Buford is the president of sport franchises for Spurs Sports and Entertainment as well as the general manager of the San Antonio Spurs. Halff Foundation and wife of the late Hugh Halff, Jr. San Antonio's Premier City Magazine Since 1999, 2022 Top Personal Injury & Criminal Defense Ballots. Clark and Martha Mandigo, II Date and time of your visit to this nonprofit: 1177 Ne Loop 410, San Antonio, TX 78209-1517, 7825 Park Place Blvd, Houston, TX 77087-4639, 9311 San Pedro Ave Ste 600, San Antonio, TX 78216-4459, 103 Baronet Woods Ct, The Woodlands, TX 77382-2649, 1717 Main St Ste 900, Dallas, TX 75201-4687, 4211 Long Champ Dr, Austin, TX 78746-1161, 2700 Post Oak Blvd Ste 1050, Houston, TX 77056-5709, 2112 Rio Grande St, Austin, TX 78705-5513, 1 Dell Way Msc Rr1-8035, Round Rock, TX 78682-7000, 205 Lighthouse Dr, Horseshoe Bay, TX 78657-5870, 2828 Hood St Apt 1303, Dallas, TX 75219-7810, 745 E Mulberry Ave Ste 475, San Antonio, TX 78212-3127, 800 Gessner Rd Ste 1260, Houston, TX 77024-4273, 222 W Las Colinas Blvd Ste 900n, Irving, TX 75039-5421, 14801 Quorum Dr Ste 500, Dallas, TX 75254-1449, 7373 Broadway St Ste 502, San Antonio, TX 78209-3269, Number of organizations performing similar types of work. Last Year: No. In Sept. 2013, the Ruth Eilene Sullivan Ceramic and Sculpture Studios at the University of the Incarnate Word were dedicated to Mrs. Sullivan. 1 The deal struck by Whitacre to obtain the San Francis-co-based Pacific Telesis formed an 118,000-employee telecommunications company serving the country's two most populous states, California and Texas, and seven of the country's top 10 markets. By the end of its exclusivity pact with Apple in 2010, AT&T had sold services for more than 22 million iPhones. Last Year: No. Marshal Samuel Gerard Samuel Gerard in the 1993 thriller film Fugitive. Burger World Texas currently owns and operates 7 stores and are in process of developing the state of Nevada. Arun and Karuna Verma Oh, my gosh, no, no, this guy is like a deep technical engineer, says Anne Chow, who leads the unit dealing with AT&Ts wireless and broadband for business customers. If you were to talk to him, depending on the topic, you might think, Oh, my gosh, this guy has like, a freaking MBA in finance. If boredom doesn't get them first, a call . 100. Last Year: No. Shop Full Width; Shop With Sidebar; . Mr. Moorman is president of Moorman Kerr Land & Cattle Company and nephew of famed oilman Tom Slick. In November 2020, the fund revealed it was selling nearly all of its shares, just as Stankey and WarnerMedia were discussing one of their most audacious moves yet. Last Year: No. Bruce and Gail Smith Last Year: 100 $2,900,000 (Terrell Hills) Thats why the boring old phone company bought into the glitz and glam of Hollywood. The pair explained how the uncertainty of theatrical attendance during the pandemic had forced their decision. A. Lanham and Dacia Napier 42. Last Year: No. Last Year: No. 52. Breys research interests include tissue engineering, regenerative medicine and biomaterials. Meanwhile, while DirecTV likely would have declined under any owner, Phillip Swann, a longtime TV industry analyst, says AT&T hastened the satellite providers demise with its focus on WarnerMedia and the DirecTV Now service. Last year: No. 96. The numbers other executives chose to tout that day indicated that all was going according to plan. Last Year: 11 Edward E. Whitacre Jr.1941- Chairman and chief executive officer, SBC Communications Nationality: American. $3,600,000 (The Dominion) Over the course of fifteen years, he spent nearly $300 billion on thirteen purchases, consolidating four of the Baby Bells. Battles is a business administrator and developer. $3,280,000 (Terrell Hills) Where Whitacre was a Texas-twanged swashbuckler who never had a computer on his desk, Stephenson was a bespectacled accountant from Oklahoma who would track on his tablet a list of companies he wanted to acquire. Edward E Whitacre Jr. AT&T CEO Whitacre to retire after 44 years with company Southwestern Bells largest customer base was in Texas, as was Whitacres Marble Falls vacation property. Based on public records. 1 of 6 GM and AT&T executive Ed Whitacre, shown in this 2013 photo, is widely being reported as the Trump administration's pick as the next U.S. ambassador to Mexico. On 4,000 sun-baked acres of mesquite, blackbrush and cactus 60 miles south of San Antonio, Tex., AT&T Chairman Edward E. Whitacre Jr. keeps a Texas-size ranch house, five man . As Stankey gave a preamble on the companys widespread obligations and debt load, he said AT&T had too many mouths to feed. Edward & Linda Whitacre, Jr. He was president at one time of Central Park Mall, Inc., which was across San Pedro from North Star Mall before its demolition. In hindsight, it all got kick-started by that move to San Antonio, Whitacre wrote in his 2013 memoir, American Turnaround. 56. He also serves as a trustee for various funds managed by U.S. In an editorial on the occasion of Whitacre's relinquishing the leadership of GM, the, national president of the Boy Scouts of America, Edward E. Whitacre Jr. College of Engineering, "Digest of Other White House Announcements", GM's Whitacre Steps Down as CEO, Replaced by Akerson, "Dan Akerson to Become CEO, Whitacre Remains Chairman", "Whitacre's job turning around GM helps America and reflects well on Texas Tech", Washington Post: Long-Serving AT& T Chief To Leave With Huge Payout. On September 1, 2010, Whitacre stepped down as CEO, and retired as chairman of the board by . From 1982-1985, he headed Southwestern Bell's Kansas Division, leading them through the break-up of the Bell System. Mrs. Halff is a McNay Art Museum emeritus museum trustee. Mr. Goldsbury built Pace Picante into a national brand, sold to Campbell Foods for slightly more than $1 billion and launched Silver Ventures, a private equity firm known for the Pearl and hotel ownership. $4,038,000 (Hill Country Village) In 1988, for his outstanding work and leadership ability,Whitacrewas made president and chief operating officer at Southwestern Bell, which later became SBC Communications and finally AT&TInc.After17-yearsas AT&T chairman, CEO, and president, Whitacre announced his retirement in 2007.
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