(Reuters) - AOL (AOL) Chief Executive Tim Armstrong reversed his decision to cut employee retirement benefits and apologized for remarks linking two women at the company with "distressed babies" to its rising health care costs that set off a fire storm of criticism. AOL declined to comment. In a town hall meeting last week where Armstrong sought to clarify why the company cut its employee retirement plan, he singled out two unnamed women who had babies with health problems and the impact of President Obama's health care reforms for adding millions of dollars to AOL's bill.
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