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AOL backtracks after blaming "distressed babies" for cuts

AOL backtracks after blaming "distressed babies" for cuts | Business Transformation | Scoop.it

Armstrong, CEO of the tech giant, told employees on Thursday that the company would be cutting their 401(k) plans—and blamed the cuts on the unrelated cost of treating two workers’ “distressed babies” who needed intensive care after birth. 

Karl Wabst's insight:

I didn't know that AOL was still in business. After reading this, I wonder if they need some consulting help with corporate communications. Good grief Mr. Armstrong!

 

Related

Mom: AOL chief regrets 'distressed babies' slam

http://www.usatoday.com/story/money/business/2014/02/10/aol-401k-distressed-babies-armstrong-retirement-benefits/5365721/

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Business Transformation
Corporate & Business Strategy Planning / Execution in the Post Industrial, Digital Economy. Want to know more? Visit me on LinkedIn: www.linkedin.com/in/karlwabst/
Curated by Karl Wabst