Greenwich's Tim Armstrong Backtracks On AOL 'Distressed Babies' Comment

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Greenwich resident and AOL CEO Tim Armstrong is backtracking from comments he made about employee health care costs. Photo Credit: Flickr user TCDisrupt

GREENWICH, Conn. -- AOL CEO Tim Armstrong of Greenwich is backtracking on statements he made last week about two employees' medical costs and controversial adjustments to a 401(k) system that many AOL employees opposed, according to

Armstrong mentioned "distressed babies" that cost the company "a million dollars each" in health care costs in an interview. He later apologized for the comments and announced that he would reverse the 401(k) decision.

Click here to read the full TIME report.

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