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...In De l’Esprit des Lois, published in 1748, he claimed: “The natural effect of commerce is to bring peace....
...The end of Mr Stephenson’s 13-year tenure at the top of the US telecoms group was widely expected....
...Unfortunately for AT&T boss Randall Stephenson, that is what he is being pushed towards by one of the world’s most feared activist hedge funds....
...Mr Stephenson promoted Mr Stankey to group chief operating officer this month in what was widely seen as a move to line up a successor....
...Luckily for Randall Stephenson, the AT&T boardroom is a more forgiving place than Hollywood....
...Mr Stephenson said the company does not want to become “another Netflix …in terms of being a warehouse of content”, likening Netflix to Walmart....
...Mr Stephenson argued that it was important to “take a stand” against discrimination....
...AT&T’s unequivocal victory vindicates beleaguered boss Randall Stephenson, adding lustre to a checkered dealmaking record....
...Mr Bewkes on Wednesday dismissed the suggestion as “ridiculous”, and Mr Stephenson echoed the comment....
...The decision is a win for Randall Stephenson, AT&T chief executive, and Jeffrey Bewkes, his Time Warner counterpart, who argued that the tie-up between their two companies was necessary to compete with the...
...“There is no other way to say it — AT&T hiring Michael Cohen as a political consultant was a big mistake,” Mr Stephenson wrote....
...Period,” said Randall L. Stephenson, AT&T’s CEO during the New York Times’ DealBook conference in New York. “And likewise I have never offered to sell CNN....
...“The rule of law is at issue here,” said Randall Stephenson, AT&T’s chief executive, framing its predicament as standing for a broader principle....
...AT&T chief executive Randall Stephenson recently said he was never told that selling CNN would be a condition of getting the deal done....
...Time Warner, HBO’s parent company, is in the midst of being acquired by AT&T for $85.4bn and Randall Stephenson, AT&T’s chief executive, has been vocal about the value of HBO content in driving adoption...
...“Mr Stephenson had a very good meeting with President-Elect Trump earlier today covering a wide-range of topics,” AT&T said in a statement....
...“I’m a novice in the world of politics,” Mr Stephenson said....
...But not all of Mr Stephenson’s deals have been successful....
...Call that the ultimate “vertical integration”, a cliché Mr Stephenson and Jeff Bewkes, Time Warner boss, tossed around when discussing their $108bn tie-up....
...“This is a classic vertical merger and it eliminates no competitors from any market,” Mr Stephenson said....
...Randall Stephenson, AT&T’s chief executive, expressed confidence that the deal would be approved, saying there was no overlap between the two businesses. “This is not a horizontal deal....
...“We believe premium content is always going to win,” Mr Stephenson said on a media call to announce the deal....
...Mr Stephenson said outright ownership of popular shows such as Game of Thrones and Veep would enable the company to “innovate our content much quicker”....
...By the end of the call, Mr Stephenson concluded there was a way to get the acquisition done....
...The pay package catapults him past Randall Stephenson, the chief executive of AT&T, the second-largest US carrier, who earned $24m last year, but for a full 12 months....
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