Sunday, February 9, 2014
HCR Update from Mark Sanna: AOL chief executive Tim Armstrong e-mailed employees Saturday evening that he was reversing the company’s 401(k) policy and apologized for his controversial comments last week. “The leadership team and I listened to your feedback over the last week,” wrote Armstrong in his e-mail to the company. "... we have decided to change the policy back to a per-pay-period matching contribution.” The decision came after days of pressure on the company, after many employees were angered by a report by The Washington Post that retirement benefits were being changed.
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