Tucson Progressive

Pamela J. Powers, a progressive voice for Arizona

Boo Hoo: Two Sick Babies Hurt AOL’s Bottomline… Not

money02-bw-crop-sm72AOL Chairman and CEO Tim Armstrong reported that the highly profitable, multi-million-dollar company was forced to cut employee benefits because of  increased insurance costs under the Affordable Care Act (ACA) and the cost of care for two sick dependent children born to AOL employees.

Armstrong (who made $12 million in 2012) said because AOL paid $1 million for medical care for the two babies, the company must scale back the employee retirement plan. He also claimed that the ACA has increased AOL’s insurance cost for 5000 employees by $7 million.

On the same day that Armstrong blamed the babies, AOL announced it’s “strongest revenue growth in decades” — with 2013 revenue at $679 million, up 13% over 2012.

Oh, right, blame the sick babies! It’s obviously their fault. It has nothing to do with corporate greed or over-blown CEO salaries.

One comment on “Boo Hoo: Two Sick Babies Hurt AOL’s Bottomline… Not

  1. Pamela Powers Hannley
    June 30, 2014

    Due to public pressure, AOL reversed this decision.


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This entry was posted on February 8, 2014 by in Affordable Care Act, Capitalism and tagged , , , .

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The Tucson Progressive: Pamela J. Powers

I stand on the side of Love. I believe in kindness to all creatures on Earth and the inherent self-worth of all individuals–not just people who agree with me or look like me.

Widespread economic and social injustice prompted me to become a candidate for the Arizona House, representing Legislative District 9 in the 2016 election.

My platform focused on economic reforms to grow Arizona’s economy, establish a state-based public bank, fix our infrastructure, fully fund public education, grow local small businesses and community banks, and put people back to work at good-paying jobs.

In the Arizona House, I was a strong voice for fiscal responsibility a moratorium on corporate tax breaks until the schools were fully funded, increased cash assistance to the poor, expansion of maternal healthcare benefits, equal rights, choice, unions, education at all levels and protecting our water supply.

After three terms, I retired from the Arizona Legislature in January 2023 but will continue to blog and produce my podcast “A View from the Left Side.”

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