AOL CEO Tim Armstrong Sees Huge Pay Cut

by Christopher Freeburn | April 8, 2014 12:00 pm

AOL CEO Tim Armstrong Sees Huge Pay Cut

tim armstrong ceo aol s AOL CEO Tim Armstrong Sees Huge Pay Cut[1]Last year, AOL (AOL[2]) CEO Tim Armstrong took home a lot less money compared to the prior year[3]. The news didn’t seem to bother AOL shareholders. AOL stock rose more than 3% in Tuesday morning trading.

In 2012, AOL’s CEO received total compensation of $12.1 million. That package included $7.8 million in stock awards and options. Last year, Tim Armstrong’s overall pay package fell 46% to $6.48 million, Bloomberg notes.

Armstrong’s 2013 compensation comprised $3.3 million in stock awards and options, $2.17 million in non-equity incentives, and a $1 million salary. Last year, the AOL CEO received just $1.04 million in stock option awards, compared to $5.05 million in the previous year.

Since AOL separated from Time Warner (TWX[4]) in 2009, AOL stock has grown 70%.

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Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2011/09/tim-armstrong-ceo-aol-s.jpg
  2. AOL: http://studio-5.financialcontent.com/investplace/quote?Symbol=AOL
  3. took home a lot less money compared to the prior year: http://www.bloomberg.com/news/2014-04-08/aol-ceo-s-pay-drops-46-to-6-48-million-on-lower-options-award.html
  4. TWX: http://studio-5.financialcontent.com/investplace/quote?Symbol=TWX
  5. Intel CEO Brian Krzanich Takes a Huge Pay Cut: http://investorplace.com/2014/04/intel-ceo-pay-cut-intc-stock/
  6. 5 Huge CEO Pay Raises of 2013: http://investorplace.com/2014/01/ceo-pay-2013/4/
  7. Netflix CEO Reed Hastings to Get Huge Pay Raise: http://investorplace.com/2013/12/netflix-ceo-reed-hastings-get-huge-pay-raise/

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