BUSINESS

Firestorm At AOL Over Employee Benefit Cuts

NEW YORK, NY - NOVEMBER 20:  CEO and Chairman of AOL, Inc. Tim Armstrong attends the Advertising Council's 60th Annual Public
NEW YORK, NY - NOVEMBER 20: CEO and Chairman of AOL, Inc. Tim Armstrong attends the Advertising Council's 60th Annual Public Service Award dinner at The Waldorf=Astoria on November 20, 2013 in New York City. (Photo by Ben Gabbe/Getty Images)

It should have been a glorious week for AOL chief executive Tim Armstrong. His company’s quarterly earnings, announced Thursday, were the best in a decade. “Olympian,” he declared.

Instead, he angered employees, insulted parents with sick babies and shined a light on a practice seeping its way into corporate America that threatens to rob workers of thousands of dollars in 401(k) savings.

Read more on The Washington Post

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