ABSTRACT
AT&T PAC is the largest corporate PAC, having raised and spent more than other corporate funds since 1986. AT&T created its current PAC in 1984 after divesting itself, under federal court order, of its twenty-two operating companies. Divestiture was an event of massive proportions for the company, and the consequent reorganization of the PAC and reassessment of its purpose led directly to its rapid attainment of number-one status in 1986. AT&T has fully integrated the PAC with its lobbying arm, the Government Relations Division.
