Boo Hoo: Two Sick Babies Hurt AOL's Bottomline... Not
AOL Chairman and CEO Tim Armstrong reported that the highly profitable, multi-million-dollar company was forced to cut employee benefits because of increased insurance costs under the Affordable Care Act (ACA) and the cost of care for two sick dependent children born to AOL employees.
Armstrong (who made $12 million in 2012) said because AOL paid $1 mil…
Keep reading with a 7-day free trial
Subscribe to Powers for the People to keep reading this post and get 7 days of free access to the full post archives.