Tim Armstrong blames “distressed babies” for AOL benefit cuts. He’s talking about my daughter.

 TechCrunch Disrupt Europe: Berlin 2013 (Day 1)

Tim Armstrong blames “distressed babies” for AOL benefit cuts. He’s talking about my daughter.
[Via Slate]

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.

[More]

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.

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2 Responses to “Tim Armstrong blames “distressed babies” for AOL benefit cuts. He’s talking about my daughter.”

  1. labman57 Says:

    Another example of a corporate CEO demonstrating a lack of compassion and a callous disregard for the health and welfare of his employees, all in the name of profit margins.

    It’s all part of the corporate management mindset — layoff some of your wage earners and slash benefits for the rest … and then give yourself and your top level managers a bonus and a raise for doing such a wonderful job of managing the company.

    • Richard Gayle Says:

      It is not part of all corporate minds, though, just the sociopathic, authoritarian ones who make great MBA candidates. Unfortunately, the incentives of the last generation make it much easier for these people to get into a position to game the system. One thing ti watch for are those who are really anti-people and those who recognize that a commercial venture has to have strong community/social support to survive. People do not like things from sociopathic companies, generally.

      The easiest way to see companies with the right sort f bosses is to look for those who play win-win games, not zero sum. Zero-sum plans are the old way and will simply not survive. Win-win, on the other hand, is right in the sweet spot.

      So, a 21st century bss would have said that he was going to take $5million dollars less in order to make sure the employees had the same benefits as last year.


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