In case you missed it, MomsRising Executive Director Kristin Rowe-Finkbeiner was on CNN Friday morning brilliantly rebutting AOL CEO Tim Armstrong’s assertion that the multi-billion dollar company needed to cut retirement benefits over two employees’ “distressed babies” and “Obamacare”.
Armstrong has since apologized for his comments and reversed his decision to cut employees’ retirement benefits. But, of course, this story is not over as it has highlighted a larger problem in our corporate culture.
The spouse of one of the two employees whose babies were blamed for the company’s healthcare costs, spoke out in a chilling piece for Slate. She walked us through the trauma that was the birth of her now one-year-old daughter and highlighted the obvious scapegoating of the sick and those who need healthcare by a company that reported record earnings on Friday.
Let’s set aside the fact that Armstrong—who took home $12 million in pay in 2012—felt the need to announce a cut in employee benefits on the very day that he touted the best quarterly earnings in years. For me and my husband—who have been genuinely grateful for AOL’s benefits, which are actually quite generous—the hardest thing to bear has been the whiff of judgment in Armstrong’s statement, as if we selfishly gobbled up an obscenely large slice of the collective health care pie.
Exactly. If employees can’t access the health insurance that they pay for…then what’s it for? Why pay premiums? Jeez…
What else is in the news? What’s up with you?