AT&T CEO says company not planning to roll back DEI initiatives amid new deal that may need Trump’s approval
John Stankey, AT&T CEO, is asserting that the new $5.75 billion merger with Lumen Technologies won't be rolled back DEI initiatives due to potential political costs, even though the agreement may require Trump's approval. The decision reflects a balance between protecting AT&T's reputation and strategic interests, particularly in gaining market leadership in wireless communications. While Stankey emphasizes company commitment to diversity, equity, and inclusion (DEI), the merger involves significant geopolitical risks, which could impact long-term business growth and innovation. This move underscores the complexities of merging large companies with regulatory challenges, where corporate strategies intersect with political considerations.------
