Stephenson resigns from PGA Tour board over 'serious concerns' about Saudi deal, according to report
Former AT&T Chairman Randall Stephenson resigned from the PGA Tour’s policy board over concerns about the tour’s proposed partnership with Saudi Arabia’s national wealth fund, The Washington Post reported Sunday. The PGA Tour confirmed the resignation in a memo to its members, referring to Stephenson’s “exemplary service” for more than 12 years. Stephenson retired as chairman and CEO of AT&T in June 2020. The Post said it obtained a copy of his letter that was dated Saturday and said the tour’s framework agreement with Saudi Arabia’s Public Investment Fund “is not one that I can objectively evaluate or in good