AOL chief executive's bumpy journey to the big Verizon offer

Tim Armstrong's success came from deals that put AOL on cutting edge for placing ads

Published Wed, May 13, 2015 · 09:50 PM

    San Francisco

    AOL Inc chief executive Tim Armstrong's six-year path to transforming the venerable dial-up Internet provider into a marketable mobile ad specialist has been filled with bumps.

    He spent hundreds of millions on the money-losing hyper local news site Patch. He presided over - or encouraged - the exit of a string of high level executives. He was inadvertently recorded firing an employee in an audio clip that ricocheted around the Internet. Perhaps most infamously, he publicly blamed an AOL employee's "distressed baby" as the reason for the company's escalating healthcare costs.