Tim Armstrong, Former AOL Boss, Getting More Than $60 Million as He Exits Verizon

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Tim Armstrong is getting more than $60 million as he leaves Verizon, which wrote down half the value of the internet business he led

The cash and stock awards and other benefits, pieced together from disclosures in a securities filing late Monday, are a combination of Mr. Armstrong’s 2018 compensation, severance and a special incentive package that Verizon granted Mr.

Armstrong when it bought AOL in 2015.

Source: News Formal (newsformal.com)

 

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carney

carney Must be nice!

morgfair Total con man.

Too bad for they share holders. They are left holding the bag for circus clown Armstrong’s failures.

WSJ making an excellent case for nationalizing communications sector.

Verizon's fault for trying to keep the dinosaur AOL relevant long past it's expiration date.

I could had done that for $30 million. Oh well.

Winning!

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