AOL’s CEO Tim Armstrong must do a great job in leading the company in many ways. however, the public only knows him from the crazy things he does. And for someone leading a media — social media — company he is one the least media savvy CEOs around.
While on a conference call discussing the company’s fourth quarter performance he declared they were changing the 401K program, because they had to spend roughly a million dollars each on the sick babies of two women in 2013.
Saturday after the employee and Internet beating AOL took — suddenly they found a way to leave program as is.
To his credit, Armstrong officially apologized as well.
Read more at TheWrap
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