[net-gold] PENSIONS : MEDICAL INSURANCE : BUSINESS: COMPANIES: NAMED COMPANIES : UNITED STATES: POLITICS: POLITICAL PARTIES: REPUBLICAN PARTY, TEA PARTY: AOL: Backlash Hits AOL CEO after 'Distressed Babies' Remark
- From: "David P. Dillard" <jwne@xxxxxxxxxx>
- To: Net-Gold -- Educator Gold <Educator-Gold@xxxxxxxxxxxxxxx>, net-gold@xxxxxxxxxxxxx, Net-Gold <Net-Gold@xxxxxxxxxxxxxxx>, NetGold <netgold@xxxxxxxxxxxxxxx>, K-12ADMINLIFE <K12ADMIN@xxxxxxxxxxxxxxxxxxx>, K12AdminLIFE <K12AdminLIFE@xxxxxxxxxxxxxxx>, MediaMentor <mediamentor@xxxxxxxxxxxxxxx>, Nabble Groups Net-Gold <ml-node+s3172864n3172864h56@xxxxxxxxxxxxx>, Net-Platinum <net-platinum@xxxxxxxxxxxxxxx>, Sean Grigsby <myarchives1@xxxxxxxxxxxxxxx>, Net-Gold <NetGold_general@xxxxxxxxxxxxxxxxx>, Temple Gold Discussion Group <TEMPLE-GOLD@xxxxxxxxxxxxxxxxxxx>, Temple University Net-Gold Archive <net-gold@xxxxxxxxxxxxxxxxxxx>, "Net-Gold @ Wiggio.com" <netgold@xxxxxxxxxxxxxx>, Health Lists -- Health Diet Fitness Recreation Sports <healthrecsport@xxxxxxxxxxxxxxx>, HEALTH-RECREATION-SPORTS-TOURISM@xxxxxxxxxxxxxxxxxxx
- Date: Fri, 7 Feb 2014 20:15:19 -0500 (EST)
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PENSIONS :
MEDICAL INSURANCE :
BUSINESS: COMPANIES: NAMED COMPANIES: AOL :
UNITED STATES: POLITICS: POLITICAL PARTIES: REPUBLICAN PARTY, TEA PARTY:
Backlash Hits AOL CEO after 'Distressed Babies' Remark
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Backlash Hits AOL CEO after 'Distressed Babies' Remark
By Jennifer Saba and Lisa Richwine
NEW YORK/LOS ANGELES
Friday February 7, 2014 5:12pm EST
Reuters
http://www.reuters.com/article/2014/02/07/
us-aol-healthcare-idUSBREA161Q920140207
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The complete article may be read at the URL above.
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http://tinyurl.com/knpuu84
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(Reuters) - AOL Inc Chief Executive Tim Armstrong tried to tamp down a
backlash after he blamed a pension cut on costs stemming from two
employees' "distressed babies," insisting that the Internet provider was
focused on families.
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Armstrong's comments on Thursday during a company town hall meeting about
why it was cutting 401(k) contributions caused a fire storm on social
media, overshadowing positive quarterly results from AOL. It marked the
second recent instance when a gaffe by Armstrong left the CEO with some
explaining to do.
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During the meeting, Armstrong singled out two unidentified employees who
had babies with health issues in 2012 and their impact on AOL health
costs, which he said had also increased because of "Obamacare" health
reforms.
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"We had two AOL-ers that had distressed babies that were born that we paid
a million dollars each to make sure those babies were OK in general,"
Armstrong said, according to the Capital New York, which first reported
the details.
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He said changes to the company's 401(k) retirement plan were made in the
wake of President Barack Obama's healthcare law, which he said added $7.1
million in expenses for the online media and entertainment company.
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The complete article may be read at the URL above.
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Sincerely,
David Dillard
Temple University
(215) 204 - 4584
jwne@xxxxxxxxxx
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