Memo to AOL: This is what’s really distressed
Terry O’Neill writes for CNBC: “The outcry over AOL Chief Executive Tim Armstrong’s comment that the birth of two “distressed babies” led to his decision to change the company’s 401 (k) plan was jaw-droppingly callous. But it is only part of the real story. When the firestorm hit, this particular CEO was able to walk back his comment and reverse the decision to scale back employee benefits. But under the radar, kicking the foundation away from employee retirement security is looking more and more like the new normal.”