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Tim Armstrong (executive)

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Tim Armstrong
Tim Armstrong at TechCrunch Disrupt 2013
Born
Timothy M. Armstrong

(1971-12-21) December 21, 1971 (age 52)
United States
Occupation(s)Chairman and CEO

Timothy M. "Tim" Armstrong[2] (born December 21, 1971)[3][4] is CEO and Chairman of AOL Inc. Previously, he was President of Google's Americas operation.[5] He replaced the outgoing Randy Falco as current CEO as of March 12, 2009. He was also one of the cofounders of the local news website Patch Media.[6][7]

Early life

He is a 1993 graduate of Connecticut College with a double major in Economics and Sociology.[8][9][10]

Career

Armstrong sits on the boards of the Interactive Advertising Bureau (IAB), the Advertising Council, and the Advertising Research Foundation, and is a trustee at Connecticut College and Lawrence Academy.[11] He was also a founder of the United Football League and is the owner of the Boston Blazers of the National Lacrosse League.[12]

On behalf of NYC Mayor Michael Bloomberg, he chaired Media.NYC.2020,[13] which reviewed the future of the global media industry, the implications for NYC, and suggested actionable next steps for New York City's government.

Controversies

In August 2013 an audio recording was leaked of Armstrong offhandedly firing an employee earlier that month during a conference call with over 1000 attending for taking a photo of the event.[14] Tim Armstrong has publicly apologized for the firing of the employee since then, but did not offer to reverse the firing or provide any compensation.[15]

In February 2014, Armstrong claimed that ObamaCare and two “distressed babies” increased healthcare costs for AOL by $7.1 million per year and that, as a result, 401(k) contribution benefits for rank-and-file employees would be modified so employees that left before the end of the year, received no company contribution towards their 401(k).[16][17]

Further reading

Carson, Nicholas (November 6, 2013). "THE COST OF WINNING: Tim Armstrong, Patch, And The Struggle To Save AOL". Business Insider. Retrieved November 7, 2013.

References

  1. ^ James Callan (April 8, 2014). "AOL CEO Pay Drops 46% to $6.48 Million". Bloomberg Business.
  2. ^ Vega, Tanzina (August 9, 2011). "AOL Shares Fall on Report of Weak Gain in Ad Sales". The New York Times.
  3. ^ Metz, Rachel (May 13, 2011). "Was the CEO Tim Armstrong on AOL's turnaround". USA Today. Associated Press. Armstrong, 40
  4. ^ Kopytoff, Verne G. (August 17, 2011). "That Remake of AOL? It's Still Being Written". The New York Times. Armstrong, 40
  5. ^ Kell, John (March 12, 2009). "Time Warner: Google Executive Tim Armstrong Named AOL Chairman, CEO". CNN Money. Dow Jones Newswires. Archived from the original on March 12, 2009. Retrieved March 13, 2009. {{cite news}}: |archive-date= / |archive-url= timestamp mismatch; March 16, 2009 suggested (help)
  6. ^ Cain Miller, Claire; Stone, Brad (April 12, 2009). "'Hyperlocal' Web Sites Deliver News Without Newspapers". The New York Times.
  7. ^ Schonfeld, Erick (June 11, 2009). "AOL Buys Local Startups Going And Patch (And CEO Tim Armstrong Brings an Investment In-House)". TechCrunch.
  8. ^ "Tim Armstrong Named Chairman and CEO of AOL" (Press release). AOL. March 2009. Archived from the original on March 17, 2009. {{cite press release}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  9. ^ "Armstrong praised for teamwork". CamelTracks. Connecticut College. March 15, 2009.
  10. ^ Benner, Ellie (April 19, 2011). "AOL CEO Tim Armstrong '93 discusses career path since Conn". The College Voice.
  11. ^ "At a glance-Tim Armstrong". Forbes. Retrieved April 8, 2013.
  12. ^ "Executives". United Football League. 2010. Archived from the original on April 16, 2010. Retrieved April 15, 2010.
  13. ^ Strauss, Steven; Kristy Sundjaja; Peter Robinson; Andrew Chen (2012). Media.NYC.2020 (PDF). NYCEDC.
  14. ^ Nicholas Carlson, provided by (August 12, 2013). "LEAKED AUDIO: Listen To AOL CEO Tim Armstrong Fire A Patch Employee In Front Of 1,000 Coworkers". businessinsider.com. Retrieved May 18, 2015.
  15. ^ Kaufman, Leslie (August 13, 2013). "AOL Chief Apologizes Over Firing of Worker". The New York Times.
  16. ^ Lynn, Jia. "AOL chief cuts 401(k) benefits, blames Obamacare and two "distressed babies"". Washingtonpost.com. Retrieved February 10, 2014.
  17. ^ My Baby and AOL’s Bottom Line – Slate

External links

Wikimedia Commons has media related to Tim Armstrong (executive).
Preceded by CEO of AOL
2009–present 		Succeeded by
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