The AT&T CEO Randall Stephenson has admitted a “mistake” made by the company — Michael Cohen. The name Michael Cohen has come up in conversation numerous times over the past two weeks. Respectively, though — Cohen is Trump’s attorney, the one that paid a $130,000 hush money payment to Stormy Daniels. This week, however, the name Michael Cohen is making headlines for other reasons.
AT&T CEO and Michael Cohen’s Strained Relationship
On Friday, Randall Stephenson, AT&T CEO, stated that hiring Michael Cohen was a serious misjudgment on the part of the company. Specifically, Stephenson admitted that hiring Cohen as a “political consultant was a big mistake.” For those who don’t know, AT&T paid Cohen roughly $600,000 through a contract which ended December of last year. To no surprise, AT&T (NYSE:T) is now receiving a considerable amount of backlash over this payment, primarily because Cohen is under investigation.
Last week, Donald Trump’s lawyer – Rudy Giuliani – admitted that the president had reimbursed Cohen for the hush money he paid Ms. Daniels, the porn star Donald Trump had an affair with. Now, Stephenson has alerted its employees that their team’s association with Cohen “was a serious misjudgment.”
The following message was sent to AT&T employees:
Does the Market Believe Stephenson?
After the comments of the AT&T CEO regarding Michael Cohen surfaced, the news started trending on Twitter. Mixed responses were given. Some agreed with Stephenson’s thinkings, others thought this statement had ulterior motives. What do you think?
Here are a couple tweets that stuck out on the #AT&TCEO hashtag. This tag was trending on Twitter for most of the day.
The AT&T Stock (NYSE:T)
According to Google Finance, AT&T Inc. (NYSE:T) ended the day trading at $32.29 on the New York Stock Exchange. This put the stock up 1.29%. Further, AT&T is currently down 0.12% in the after-hours trading session.
Featured Image: twitter