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AT&T CEO admits hiring Michael Cohen was "a big mistake"

 Michael Cohen, longtime personal lawyer and confidante for President Donald Trump, exits the United States District Court Southern District of New York
Michael Cohen, longtime personal lawyer and confidante for President Donald Trump. Photo: Drew Angerer/Getty Images

AT&T CEO Randall Stephenson said in an employee memo Friday morning that hiring President Trump's personal attorney, Michael Cohen, was "a big mistake."

The fallout: Stephenson also reportedly announced in the memo that Bob Quinn, AT&T's head lobbyist who oversees the Washington office that Stephenson said failed to properly vet Cohen, is retiring after less than two years in the role.