Former Oath and AOL CEO Tim Armstrong is getting a $60 million payout
|03/20/2019||Posted by BusinessMediaguide.Com under General World News||
- Former AOL CEO Tim Armstrong is getting a $60 million payout package from Verizon.
- The so-called golden parachute follows Armstrong’s departure from the company in October, and comes after Verizon wrote down about about half of Oath’s $9 billion value.
- The integration of AOL and Yahoo has never been on solid footing and Verizon is now taking a new direction with its recently re-named Verizon Media Group.
Tim Armstrong, the former CEO of AOL and later Verizon’s media and advertising business, Oath, is getting a $60 million payout package from Verizon, The Wall Street Journal reported on Tuesday.
The so-called golden read more >>>