81 $3,209,880 (Alamo Heights) SAN ANTONIO, Texas, April 27 (Reuters) - AT&T Inc. T.N chief Ed Whitacre said on Friday he will retire in June after building the largest U.S. telecommunications service provider through seven . Last Year: No. 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. Richard and Mary Azar Mr. Verma is the founder and chairman of the board of trustees of contracting firm Galaxy Companies. "It will be something like that . Last Year: No. Two years later, Whitacre became chairman of the board and chief executive officer. Curtis Gunn, Jr. and Kathleen Gunn John Spong writes primarily about popular culture. During the year did the foundation (either directly or indirectly): Engage in the sale or exchange, or leasing of property with a disqualified person? Apple deserved some of the blame because of an iPhone chip that led to dropped calls. Young, Ph.D. Endowed Chair for Excellence in Education, Air Force Nurse Corp Foundation Endowed Scholarship, Laura V. Alvarado, Colonel, USAF, NC (Ret.) Gary and Glenda Woods Mr. and Mrs. Azar are the co-owners of San Antonio Gas & Oil, and Mr. Azar, according to a business bio on Bloomberg, has more than 30 years as a leader in the Texas and Oklahoma energy industry. Mr. Rochelle is a managing partner and executive vice president of RamRoc Construction Company as well as the chairman of the board of directors for Good Samaritan Community Services. He didnt call it a mistake, but when you basically, within ten months, completely undo the legacy of your predecessor, you dont have to say that. Cassandra Carr Simple Product Mr. Dicke hails from the small town of New Breman, Ohio, where his family business, Crown Equipment, manufactures what they call The BMW of Forklifts. The last privately owned forklift company in the U.S., the Dickes family firm reported 2006 sales of $1.7 billion. Mr. Ellis was senior executive vice president and general counsel for AT&T for 20 years. It might have worked, if people still watched TV in 2015 like they had in 2005. $2,900,000 (Terrell Hills) When it came time to put someone in charge of the new WarnerMedia, Stephenson believed Stankey was the phone companys best fit. 37. But a pattern had been set. 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. Thomas and Maria Brundage Mr. Daniell is the owner of JD Properties. Mr. Zabihian is the president of World Car Motors. Stephens and other executives made the companys entre into entertainment sound like a natural progression. Mr. Watson is the owner of Watson Management Group and Diamond K Ranch as well as the former Texas Parks & Wildlife Commissioner. Did any persons become substantial contributors during the tax year? He served as national president of the Boy Scouts of America from 1998 to 2000. $4,038,000 (Hill Country Village) Butt, Jr. and collaborates with husband David Rogers to lead It was President Obama who reached out to Ed Whitacre to come out of retirement and take over GM in 2009. Berto Guerra, CEO of Avanzar Interior . 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. $2,890,000 (Alamo Heights) 37 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. $4,444,640 (The Dominion) Pat Maloney, Jr. Family Trust He oversaw a series of acquisitions that grew the firm into AT&T, then retired, only to be appointed interim CEO of General Motors as it struggled through bankruptcy. Mr. Parker is known throughout the NBA and in Europe as an extremely quick point guard on several title-winning basketball teams. $3,188,000 (Terrell Hills) 54 Mr. Mays is the former president and CEO of Clear Channel Communications. 70. He sought to bolster AT&Ts U-verse television service by purchasing satellite television provider DirecTV in 2015 for $67 billion. $3,300,000 (Greystone Country Estates) [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. 73. $4,120,000 (Olmos Park) 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. Last Year: No. I spoke with insiders who were not certain the anger would subside. If you have any questions about this information, please contact a member of the Institutional Advancement team at Makelivesbetter@uthscsa.edu. But its leaders saw potential in controlling the movies, TV shows, and other entertainment their customers were viewing. $2,906,410 (The Dominion) 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. Dr. Shadfan foundedSA Scientific in 1984, and has been the owner and manager of SA Scientific, LTD in San Antonio since then. Provide a grant to an individual for travel, study, or other similar purposes? San Antonio beat out Dallas and Austin. AT&T thought it would gain leverage in negotiating the fees charged by television networks to carry their content. Im absolutely the one who bears responsibility for that, he said. 17 During the same period, Verizon had a net loss of 300,000 subscribers and T-Mobile added 1.3 million. $8,008,250 (Olmos Park) He retired as senior vice president and chief financial officer of Rockwell International in 2001. HBO corporate meetings, which previously had involved freewheeling discussions, began under Stankey to feel like the bureaucratic grilling of U.S. Senate hearings, according to one former WarnerMedia executive. $5,075,000 (Terrell Hills) After graduating from Texas Tech University in 1964, he went to work for Southwestern Bell, climbing the corporate ladder from lineman all the way up to CEO, a job he took in 1990. SBC Communications took on the AT&T name and brandingplus its famous T-for-telephone stock symbol. Endowed Chair in Orthopaedics, Robert and Jo Nell Bailey Endowment for Alzheimers Discovery, Jose Luis Perales, Sr., J.D. 54. San Antonio Express-News . $2,893,000 (Hill Country Village) UTSA Endowed and Named Chairs and Professorships, UTSA will be a great public research university, UTSA will be an exemplar for strategic growth & innovative excellence, as designated by the U.S. Department of Education, Sexual Harassment and Sexual Misconduct Policy. Breys research lab is currently investigating new, biomaterial approaches for engineering vascularized tissues and novel imaging methods for analysis and monitoring of engineered tissues. With theaters shuttered for most of 2020 because of the COVID-19 pandemic, North American box office totals were the worst in nearly forty years, and thats without accounting for inflation. Viewers were increasingly cutting the cord, opting out of pricey, one-size-fits-all cable bundles in favor of streaming their preferred entertainment on demand. 55. To leap back over Verizon, Stephenson employed a move from the Whitacre playbookannouncing a $39 billion purchase of T-Mobile in March 2011. 16 59 The chance soon came with Time Warner, which had already sold off its own distribution arms, AOL and Time Warner Cable. In 2010, Whitacre was named as a finalist for Texan of the Year.[16]. Dr. Kiesz is the president and CEO of San Antonio Endovascular & Heart Institute and Mrs. Kiesz is identified as administrator of that facility. Mr. Hall is the chairman of Call Now, Inc. 94. When he retired, AT&T carried right on operating with his brand of cowboy swagger. Last Year: No. Employer Identification Number (EIN) 200184488. Martin and Denise Landon 9. Last Year: No. His other notable starring roles include former Texas Ranger Division Woodrow F. Call in the TV mini-series Lonesome Dove, the Men in Black film series and a host of other films and nominations. 53 David and Karen Zachry Forbes declared that Whitacre infused the company with cowboy swagger and Texas-size ambitions.. $3,834,330 (Olmos Park) Tammy Watts Last Year: No. 86 Francis and Catherine Burzik It had failed to attract the sort of industry buzz heaped on the rival Disney+ service that launched a short time before it and garnered 50 million subscribers in its first five months, compared with HBO Maxs 8.6 million. Last Year: No. maid rite recipe with chicken broth. We have no problem going where others have not gone before, Kilar told her. Last Year: Not Ranked It was his position as the former chairman of the board and chief executive officer with SBC (Southwestern Bell Corporation) that established him as a world renowned executive. Now Stankey must do what Stephenson, and even Whitacre, did not: the boring, hard work necessary to grow AT&T the old-fashioned way. Gabriel and Teresa Khodr Both Sarnoff and Kilar say the COVID-19 pandemic made the HBO Max release plan the right financial move, regardless of the theatrical revenue the studio would have reaped during a normal year. 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. October 30, 2021 . On June 29, 2007, that swagger seemed well-earned. 64. He is now listed as a partner in Save On Energy, Ltd. 13. Whitacre handed Stephenson a company with 61 million cellular subscribers, edging out Verizons 59 million for the industrys top spot. He serves on the national board of Boy Scouts of America. From 1981 to 1991, Mr. Mandigo was president and CEO of Intelogic Trace, a firm that sold and leased computer and communications systems. $3,050,000 (Terrell Hills) Harvey Najim Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income? Whitacres moves had been bold, but Aanstoos saw those purchasesrooted in phone and broadbandas part of a telecoms core offerings, part of the knitting. Janet and James Dicke, II Stephenson had agreed to the largest breakup fee in history. Mrs. Weaver is the owner and general manager of Kiddie Park on Broadway, which she and her husband Rad purchased and revitalized several years ago. On a corporate earnings call in late January, AT&T revealed that HBO Max had amassed 17 million active users (about a quarter of whom receive the service for free as an add-on to their phone plans). You will work very hard, and this next year willmy wife hates when I say thisfeel like childbirth, he said. Their home, more than 24,000 square feet on 30 acres of land, was listed for sale at $17.5 million. $2,950,000 (Alamo Heights) 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. The Barnses live in a 5-bedroom, 5-bath home with approximately 8,300 square feet in Alamo Heights. , Non-representatives - add comments about Whitacre Family Foundation, You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated, (additional info to increase the weight and the placement of your review and ratings), NonProfitFacts.com is not associated with, endorsed by, or sponsored by Whitacre Family Foundation and has no official or unofficial affiliation with Whitacre Family Foundation, Would you recommend Whitacre Family Foundation to others? Mr. Lindner is the former senior executive vice president and CFO of AT&T. 45 Zachry Corp. in charge of heavy civil construction, as well as subsidiaries like Capitol Aggregates, Sunset Station and the Hilton Palacio del Rio. Last Year: No. From there he joined the relaunchedGeneral Motors Corporation as chairman and CEO, helping the company to a profit of over $1 billion dollars,putting them in position to repay their 2009 government loan. Berkley & Bonnie Dawson 3. Such bundling also offered AT&T the opportunity to make use of what it knew about its customerstheir viewing habits, location datato target ads at them on streaming platforms. 41. 24. The couple has donated generously to Texas A&M. Mr. Jimenezs office is in Boerne, but his secretary declined to say who resides in the Dominion home. The Kolitzes are major supporters of the Cancer Therapy and Research Center. Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? Amid the pandemic, Stankey soon laid offa reported 3,400 phone workers and another 1,200 from WarnerMedia. 62 Last Year: 89 Mr. Dietz, the former vice president of Investor Relations at AT&T, resides in a house that is nearly 9,000 square feet, plus porches and outbuildings, on 1.3 acres in the Dominion. including the Greater San Antonio Chamber of Commerce's Freeman Award, the Spirit of Achievement Award from the National Jewish Medical and Research Center, and the International Citizen of . Outgoing CEO Ed Whitacre was never supposed to be the long-term chief executive at General Motors.In fact, he never even purchased a home in the Detroit area, instead opting to commute between San . When he retired in 2007, Whitacre helped pick his own successor, Stephenson, whose first telecom job had been loading magnetic tapes into a Southwestern Bell mainframe. Last Year: 81 The former director of a telecommunications infrastructure GIS provider in Florida, Mr. Humphreys and his wife Candace have lived in their 16,000+ square foot home for eleven years. (In the same time frame, cable-TV giant Comcast went from 22 million to 20 million subscribers.). 29 BG Group LLC is a diverse investment holding company. Heriberto "Berto" Guerra Jr. is chairman and CEO of Avanzar Interior Technologies, which makes interior parts for the Toyota Tundra and Tacoma trucks. 82. Edward E. Whitacre Jr. was born on November 4, 1941 in Ennis, Texas. 96 Whitacre renamed the company SBC Communications and went on a buying spree. [3][4], Whitacre was born in Ennis, Texas. Last Year: No. Edward E. Whitacre Jr. was born in Ennis, Texas and graduated from Texas Tech University in 1964 with a degree in Industrial Engineering. The drama is enough inspire a moviereleased directly to HBO Max, of course. The pair explained how the uncertainty of theatrical attendance during the pandemic had forced their decision. Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? Last Year: No. In it, Bill Hader, star of the series Barry, deadpanned that he had always wanted to work for the phone company. $3,200,000 (Terrell Hills) While current executives brush off the consequences of the failed merger, they acknowledge one result: I think it probably led us to the conclusion that we needed to look elsewhere for other opportunities for growth, says Stephens, the former CFO. Mr. Jimenez is listed as the agent for Nayeli Properties, owner of this Dominion home. Her home, most of which was built in 1922, sits on a little more than two acres. John Stankey in October 2018, during his stint as head of WarnerMedia. It appeared in the August issue of Texas Monthly with the headline Inside AT&Ts Hollywood Hot Mess. Subscribe today. $4,175,000 (Terrell Hills) The 63-year-old chairman and CEO of SBC Communications on merging with AT&T, landlines versus cell phones, and the evils of regulation (imagine that). 80. Last Year: No. At that 2018 town hall where most at HBO were meeting him for the first time, a recording of which was leaked to the New York Times, Stankey introduced himself as a Bellhead, the industry slang for phone company lifers who got their start at the Baby Bells. It beat AT&T to building the first stand-alone 5G network. 1. 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. 19. 15 Whitacre Family Foundation. Last Year: No. 74 He notably had help from John Stankey, who supported AT&Ts ventures into entertainment as chief strategy officer. John and Laura Zachry 37 Foundations for Laity Renewal, which includes a popular Christian youth camp and retreat center on the Frio River between Leakey and Kerrville. Mr. Hayes is the president of the Robert Tucker Hayes Foundation, which is headquartered in Dallas. Mr. Whitacre moved to San Antonio when he brought Southwestern Bells corporate headquarters to Houston Street. According to AT&T, the net gain was more than HBO alone had grown in the previous ten years combined. $6,692,350 (Terrell Hills) Last Year: 99 Some 70 percent of existing HBO customerswho could have used HBO Max for no extra chargehad not even signed up. Mrs. Ames is the owner of Hanley-Wood, an upscale gift store in Alamo Heights. Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes, Undistributed income for this year. Breys research is truly impressive, with over 150 publications, 5,177 citations and an h-index of 43. 7. He was president at one time of Central Park Mall, Inc., which was across San Pedro from North Star Mall before its demolition. In October 1988, Whitacre became president and chief operating officer of a regional bell operating company, Southwestern Bell Corporation. Brown Exploration, Ltd. 63. In both areas, Townsend says AT&T could succeed, particularly after spending $27 billion on 5G spectrum in February. 49 Name of Organization. 59. 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? Red and Charline McCombs Casey Family Living Trust Whitacre had made all his acquisitions without any major roadblocks from regulators, projecting an aura of invincibility and unimpeded growth for the company. AT&Ts downtown Dallas headquarters is in, Why These Ugly, Abandoned Longview Homes May Be Worth Saving. What AT&T didnt earn in profits, because of Apples steep fee for exclusivity and subsidized iPhone prices for new customers, it made up for with a more loyal customer base that could not get iPhone service anywhere else. 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. Jessica Worth A source close to the NAFTA talks in Mexico City told the Rivard Report that buzz is surrounding Whitacre and a couple other names. Mr. Shields is a former Texas State Representative and an attorney in private practice. 71. The executives were so obsessed with mergers and financial issues, this employee said, that they really took their eye off the ball on execution, on delivering value to customers, shareholders, and employees. He worked towards making it a diversified, global communications brand and swiftly increased . AT&T CEO Edward Whitacre Jr. to Retire. 44. $2,924,450 (Terrell Hills) Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period? 8 79. 2. 66 As these increasing expenses made it apparent that the DirecTV deal would not pay off as hoped, AT&T cast about for other opportunities to grow and/or lob more smoke grenades to obscure its failures. AT&Ts top executives assumed the deal would sail past regulators, giving the company about 45 percent of all wireless market revenue. That, to me, is far away from our knitting, she says. $3,100,000 (Alamo Heights) That Stankey had been the number one cheerleader for that deal and had managed DirecTV for two years did not deter him from spinning it off. Analysts appreciated the boldness of Stephensons plan to buy Time Warner, even though they were split on its chances of proving a success. Clark and Martha Mandigo, II During the year did the foundation pay or incur any amount to: Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? Mr. Roberts is the operations manager and co-trustee of Coates Energy. Last Year: No. For most of the twentieth century, that iteration of AT&T was a monopoly, stringing millions of miles of phone lines across the country and developing new technologies, including the transistor, at its renowned Bell Labs. Mr. Zachry is the chairman and CEO of Zachry Group, the division of the former H.B. Disney swallowed 21st Century Fox. 45. Edward E Whitacre Jr. AT&Ts wireless category brought in $30 billion in EBITDA last year, a metric that reflects a companys cash flow. $3,110,890 (Terrell Hills) Last Year: Not Ranked Stefan and Veronica Kiesz $2,985,000 (Midtown) If we can assist in any way, please do not hesitate to contact us at (210) 567-2508. Peter Holt and Lauren Holt Last Year: 74 The cuts and layoffs, which Stankey referred to as head count rationalization at a Morgan Stanley tech conference last year, didnt endear him to thousands of employees who lost jobs, but Elliott Management backed off. Meanwhile, a few feet away, a salesman in a gray and blue polo was explaining a wireless plan to a prospective customer. Last Year: No. Stephenson committed to working with the investors and postponed a planned retirement. Mike Hall writes about criminals, musicians, the law, and barbecue. That doubled the user count since the previous quarter, including about 4 million subscribers added during the month after Wonder Woman 1984 became the first straight-to-Max new release in late December. Mr. Maloney owns a law practice and is a Personal Injury Lawyer. Southwestern Bells largest customer base was in Texas, as was Whitacres Marble Falls vacation property. Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations? 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. In Lubbock, an evangelist preached to hundreds of people waiting in line, and rumors swirled that the stores staff had interrupted a noisy, amorous couple inside a tent waiting outside the night before. Edward Earl Whitacre Jr. (born November 4, 1941) is the former Chairman and CEO of General Motors. $3,280,000 (Terrell Hills) Lake University. 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. Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? While Stankey declined to be interviewed, in the months leading up to Mondays surprising announcement, Texas Monthly spoke with nineteen current and former AT&T and WarnerMedia executives and mid-level employees. Mr. Cantrell is the former president of Power Soak Systems. He and his wife Margaret were recently awarded the Beacon Award for their passionate service and many contributions to the San Antonio community. 33 Last Year: No. 69. Mr. Moorman is president of Moorman Kerr Land & Cattle Company and nephew of famed oilman Tom Slick. 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. $11,428,020 (Terrell Hills) Hes able to connect the dots in a way that perhaps others dont.. 10 Betting on People, Not Products . 20 10 Tammy is Executive Director of Rapha God Ministries, a ministry providing free Christian prayer counseling to those in need. Nicolas and Aliece Hollis Worth and Associates, a successful commercial real estate firm. Dr. Misra is an orthopaedic surgeon affiliated with the Orthopaedic Center of San Antonio. On September 1, 2010, Whitacre stepped down as CEO, and retired as chairman of the board by . This amount must be distributed in the next year, Private Operating Foundations (for 2010 - 2013), The lesser of the adjusted net income or the minimum investment return, Qualifying distributions made directly for active conduct of exempt activities, Value of assets qualifying under section 4942(j)(3)(B)(i), Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties), Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii), Analysis of Income-Producing Activities (for 2013), Fees and contracts from government agencies, Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013). 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. Over the course of fifteen years, he spent nearly $300 billion on thirteen . One UTSA Circle. Emilia Clarke, who played the Mother of Dragons in the megahit Game of Thrones, announced, I will bend the knee to Lord Stankey.. Whitacre renamed the company SBC Communications and went on a buying spree. Draco Hoke Trust c/o Frank Ruttenberg Last Year: No. 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. 30. Annabell Sweeney Ames Copyright 2011-2022 UT Health San AntonioLinks from web sites affiliated with UT Health San Antonios web site (www.uthscsa.edu) to other web sitesdo not constitute or imply university endorsement of those sites, their content, or products and services associated with those sites.
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