AOL’s 401(k) Plan Won’t Be Affected by ‘Distressed Babies’

Timothy "Tim" Armstrong, chief executive officer of AOL Inc., speaks during an interview in New York, U.S., on Wednesday, May 9, 2012. AOL Inc., owner of the Huffington Post and TechCrunch, reported a more than fourfold jump in first- quarter profit as online-advertising revenue increased.
Photo: Scott Eells/Bloomberg via Getty Images

Last week, AOL CEO Tim Armstrong was widely mocked for a conference call during which he blamed changes to his company's 401(k) plan on Obamacare and the high cost of caring for two of his employees' "distressed babies." But, after getting a lot of "feedback" on the matter, he sent out an internal memo announcing that AOL will return to its old benefits plan. Armstrong also apologized for his sick infant-shaming comment, which he called a "mistake." "I am a passionate advocate for the AOL family," he wrote. Just try to avoid being seated next to him at Thanksgiving dinner.