Late last week, Tim Armstrong, the chief executive officer of AOL, landed himself in a media firestorm when he held a town hall with employees to explain why he was paring their retirement benefits. After initially blaming Obamacare for driving up the company’s health care costs, he pointed the finger at an unlikely target: babies.
Specifically, my baby.
Tim Armstrong made over $12 million last year. If he had his way, this family would have had to make the choice of trying to save their infant daughter’s life or letting her die so they would be able to support their other child and not go into bankruptcy, losing everything.
Good for this mother to come forward with a real story. The doctors and parents fought a tremendous battle no matter the cost. A cost that the AOL CEO counted every penny of. In order to hurt everyone at the company.
Sociopathic CEOs – Destroying their brand one community member at a time. Actually blaming people using the benefits provided. Amazing that the very words of Ebenezer Scrooge from 170 years ago still fit.
“Are there no prisons?”
“Plenty of prisons…”
“And the Union workhouses.” demanded Scrooge. “Are they still in operation?”
“Both very busy, sir…”
“Those who are badly off must go there.”
“Many can’t go there; and many would rather die.”
“If they would rather die,” said Scrooge, “they had better do it, and decrease the surplus population.”
He does not want human employees who simply cost the company profits for salary and benefit. He wants unpaid robots so he can keep everything. Sociopathic, especially at a company whose whole reason for existing it to connect social communities.
I’d really be shorting AOL now as they are run by people who simply do not understand the reason for the company to exist.