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AOL chief reverses changes to 401(k) policy after a week of bad publicity

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Sheila Samples
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AOL chief executive Tim Armstrong told employees in an e-mail 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, ? Armstrong wrote in his e-mail to the company. ??We heard you on this topic. And as we discussed the matter over several days, with management and employees, we have decided to change the policy back to a per-pay-period matching contribution. ?
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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.

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