Tim Armstrong Apologizes; Mother of ‘Distressed Baby’ Speaks Up

On Saturday, AOL CEO Tim Armstrong apologized for his comments about distressed babies being a part of the reason why 401(k) benefits were being cut for employees, and announced that the old retirement savings plan would be restored (somehow?).

Cutting Benefits Because of ‘Distressed Babies’

Yesterday AOL CEO Tim Armstrong told employees during a company-wide conference call that AOL would be scaling back its 401(k) program and employer match. According to Joe Pompeo at Capital New York, Armstrong explained.