Like Follow Contact Us
Scarsdale Daily Voice serves Hartsdale & Scarsdale
Scarsdale Daily Voice serves Hartsdale & Scarsdale

Nearby Towns

business

Greenwich's Tim Armstrong Backtracks On AOL 'Distressed Babies' Comment

Greenwich resident and AOL CEO Tim Armstrong is backtracking from comments he made about employee health care costs.
Greenwich resident and AOL CEO Tim Armstrong is backtracking from comments he made about employee health care costs. Photo Credit: Flickr user TCDisrupt

GREENWICH, Conn. -- AOL CEO Tim Armstrong of Greenwich is backtracking on statements he made last week about two employees' medical costs and controversial adjustments to a 401(k) system that many AOL employees opposed, according to TIME.com.

Armstrong mentioned "distressed babies" that cost the company "a million dollars each" in health care costs in an interview. He later apologized for the comments and announced that he would reverse the 401(k) decision.

Click here to read the full TIME report .

Welcome to

Scarsdale Daily Voice!

Serves Hartsdale & Scarsdale

This is a one time message inviting you to keep in touch

Get important news about your town as it happens.