AOL CEO sorry for 'distressed babies' remark; reverses retirement plan

[riky]

AOL CEO sorry for 'distressed babies' remark; reverses retirement plan

<p><a href="http://news.yahoo.com/aol-ceo-regrets-distressed-babies-39-remark-reverses-153202102--sector.html"><img src="http://l1.yimg.com/bt/api/res/1.2/58oUkiiDbRoH6_KrFWawyQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-02-09T213914Z_1_CBREA18176E00_RTROPTP_2_USA.JPG" width="130" height="86" alt="Chairman and CEO of AOL Tim Armstrong speaks during a panel session at The Cable Show in Boston" align="left" title="Chairman and CEO of AOL Tim Armstrong speaks during a panel session at The Cable Show in Boston" border="0" /></a>(Reuters) - AOL Chief Executive Tim Armstrong reversed his decision to cut employee retirement benefits and apologized for remarks linking two women at the company with &quot;distressed babies&quot; to its rising health care costs that set off a fire storm of criticism. AOL declined to comment. In a town hall meeting last week where Armstrong sought to clarify why the company cut its employee retirement plan, he singled out two unnamed women who had babies with health problems and the impact of President Obama's health care reforms for adding millions of dollars to AOL's bill. The mother of one of one of those babies, the wife of an AOL employee, came forward to address the insensitive comments in an article on Sunday for Slate.com.</p><br clear="all"/>

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