The Sumo Wrestler Way of Retaining Top TalentBen Waber
In early February, AOL announced a change to its retirement plan that touched off a media storm. Instead of contributing 401(k) benefits at each pay period, Chief Executive Officer Tim Armstrong decided AOL would pay a lump sum at the end of the year. He cited rising health-care costs, including the tab of treating two workers’ “distressed babies,” as the rationale for his decision.
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