Exec VP Bob Quinn [right] seen with CEO Randall Stephenson [left], arriving for a meeting at Trump Tower was forced out of his job Friday, in the aftermath of his authorizing ‘bung’ payments to President Trump’s longtime lawyer and fixer Michael Cohen
AT&T Senior Executive VP of External and Legislative Affairs Bob Quinn was forced out of his job Friday, in the aftermath of his authorizing paying $600,000 to President Trump’s longtime lawyer Michael Cohen, according to new report emerging Friday.
The largest American telecommunications company informed employees in a memo that Bob Quinn was retiring. Sources close to events in the company however, said Quinn was forced out after the embarrassing revelation about the payment, the Wall Street Journal reports, to the Trump ‘Fixer’.
‘Hiring President Trump’s longtime lawyer Michael Cohen was a ‘big mistake’ – Randall Stephenson, AT&T CEO said in an internal memo to staff
In the wake of the negative publicity surrounding the news an internal memo to staff on Friday stated: ”There is no other way to say it — AT&T hiring Michael Cohen as a political consultant was a big mistake,” company CEO Randall Stephenson said in the message to employees.
Stephenson said in the memo that the company’s general counsel, David McAtee, would take over the company’s DC operations.
“David’s number one priority is to ensure every one of the individuals and firms we use in the political arena are people who share our high standards and who we would be proud to have associated with AT&T,“ Stephenson wrote.
AT&T admitted earlier this week that it hired Essential Consultants, a shell company created by Cohen that was also used to pay $130,000 in hush money to porn actress Stormy Daniels.
The payments supposedly, was for “insights” into the Trump administration shortly before the president’s inauguration, at the same time it needed government approval for an $85 billion takeover of Time Warner.
Michael Cohen the company said, received $600,000 in exchange for “advice” on a massive potential merger between the telecom giant and Time Warner, it was revealed on Thursday.
Observers are curious regarding the justifications for a seasoned Washington player like AT&T paid, inexperienced and unregistered lobbyist Michael Cohen [photo], $600K for ‘advice’ on Time Warner merger
Internal documents show that President Trump’s lawyer was paid the money to help guide the company on its proposed $85 billion merger, which must pass federal antitrust regulators, according to The Washington Post.
Cohen, who is not a registered lobbyist, received the cash in installments of $50,000 a month. However, he reportedly, promised access to Trump and his inner circle in exchange for the payoffs, but performed no legal or lobbying work for the company, AT&T said.
The payments were made through an offshore shell company called Essential Consultants. President Trump ultimately opposed the merger.
The payments from AT&T and other corporate entities were exposed earlier this week, initially by, Michael Avenatti, the lawyer for Stormy Daniels. Daniels allegedly was paid to shut up about a one-night stand she said she had with Donald Trump in 2006, a few months after his third wife, Melania, gave birth to their son, Barron.
Trump has denied the fling but offered conflicting accounts about whether he knew about the hush-money payoff.
Daniels as arranged by Cohen, allegedly received $130,000 as part of a Non-Disclosure arrangement, from the same shell company just before the 2016 election.
Cohen, whose office was raided by federal agents last month, is under investigation for possible bank fraud and campaign finance violations.
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