It seems as if the AOL CEO Tim Armstrong has been dealing with a lot of backlash from his earlier decision to cut the 401K benefits its employees receive. Not only did he 'decide' to reverse his course but he also apologized for his comments. Of course earlier in the week he had blamed the ACA for his decision to cut benefits.
No matter what the assholes try, ACA is here to stay.
"The leadership team and I listened to your feedback over the last week. We heard you on this topic. And as we discussed the matter over several days, with management and employees, we have decided to change the policy back to a per-pay-period matching contribution. The Human Resource team will be in contact with all employees over the next week to explain the change and to answer any other benefits related questions you might have."
Armstrong had cited Obamacare and two women who gave birth to "distressed babies" as reasons for the change. In his email to staffers today, Armstrong apologized for the remark about pregnancies.http://www.huffingtonpost.com/...
"On a personal note, I made a mistake and I apologize for my comments last week at the town hall when I mentioned specific healthcare examples in trying to explain our decision making process around our employee benefit program."