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Capitol Report: AT&T CEO may feel hiring Cohen was ‘big mistake,’ but market doesn’t judge Time Warner deal as any less likely

Reuters
The revelation AT&T paid Michael Cohen hasn’t dented Wall Street’s confidence in the Time Warner deal closing.

Embarrassing or not, the market doesn’t seem to think the disclosure that AT&T paid President Trump’s personal lawyer makes the Time Warner deal any less likely to close.

AT&T’s T, +1.29% CEO Randall Stephenson in a memo on Friday called the decision to pay Michael Cohen $600,000 a “big mistake” and said the company lobbyist who oversaw the decision to hire Cohen has retired.

AT&T CEO: “To be clear, everything we did was done according to the law and entirely legitimate. But the fact is, our past association with Cohen was a serious misjudgment.

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