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People in the News

Friday, July 18, 2025

People in the News

Friday, July 18, 2025

AOL CEO apologizes and restores 401K program to previous format

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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