Equities

Reuters reveals AT&T chief lobbyist out, CEO said 'big mistake' hiring Cohen

Reuters reveals AT&T chief lobbyist out, CEO said 'big mistake' hiring Cohen

Reuters was first to report on May 11 that AT&T had ousted its top lobbyist, and that the No. 2 wireless carrier’s chief executive officer said in a memo to employees that it was a “big mistake” to hire Michael Cohen, President Donald Trump’s personal attorney. The news of AT&T’s relationship with Cohen has turned into a major embarrassment for the telecommunications company as it awaits a U.S. judge’s decision on whether it can go through with the purchase of Time Warner. The company’s shares rose one percent after the memo was reported by Reuters.