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Tim Armstrong
AOL takes 'blame Obamacare' to a new level
AOL takes 'blame Obamacare' to a new level

As we observed back in December, one of the solid benefits the Affordable Care Act has brought to business leaders is to give them a convenient scapegoat for their own management problems. AOL's chairman and CEO, Tim Armstrong, this week raised that practice to an art form. In the process he blamed a couple of the company's employees, bizarrely, for their high medical costs.  Armstrong announced changes to AOL's retirement benefits that may save the company millions a year, at a commensurate cost to its more than 5,000 employees. The reason? "Obamacare is an additional $7.1-million expense for us as a company," he told CNBC.   So something had to...

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