How rich is Tim Armstrong?
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Formerly, he was President of Google’s Americas operation. He replaced the outgoing Randy Falco as present CEO by March 12, 2009. He was also among the cofounders of the area news website Patch Media. He was likewise a creator of the United Football League and is whoever owns the Boston Blazers of the National Lacrosse League. On behalf of NYC Mayor Michael Bloomberg, he chaired Media.NYC.2020, which reviewed the future of the worldwide media industry, the consequences for NYC, and proposed actionable next steps for the NYC authorities. In August 2013 an audio recording was leaked of Armstrong offhandedly firing an employee before that month in a conference call with over 1000 attending for shooting a picture of the big event. Tim Armstrong has publicly apologized for the dismissal of the worker since then, but failed to offer to rescind the dismissal or supply any damages. In February 2014, Armstrong asserted that ObamaCare and two “distressed infants” increased health care costs for AOL by $7.1 million per year and that, as a consequence, 401(k) contribution benefits for rank and file workers would be changed so workers that left before the end of the year, received no firm contribution towards their 401(k).