Randall Stephenson tells the Goldman Sachs Communacopia Conference some ideas from Elliott Management make"a lot of sense," says the company doesn't plan any major acquisitions and lauds WarnerMedia CEO John Stankey, his potential successor.
"There are some things in the letter that we've looked at and say it makes a lot of sense. And we need to push further and talk about that," Stephenson told the Goldman Sachs Communacopia Conference in New York City during a session that was webcast. "There are some other areas you look at, and it's not as clear in terms of how it would make sense for us.
The upcoming HBO Max streaming service was also among the topics discussed during the Goldman session, not least as it has been preceded by the telecom giant naming WarnerMedia CEO John Stankey to take on the additional roles of president and COO of AT&T, effective Oct. 1, reporting to Stephenson. The AT&T boss said he and his board took time to consider who may help lead AT&T as it combines with WarnerMedia and Stankey quickly rose to the top of a list they drew up.
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