AOL CEO Blames Ad Slowdown on Activist Hedge Fund

Wed, 05/09/2012 - 10:15 EDT - Forbes.com - Top Stories

The hedge fund Starboard Value is fighting for a greater say in AOL's strategy, arguing that Tim Armstrong's focus on premium content and display advertising isn't delivering results. That isn't true, says Armstrong -- but Starboard's refusal to shut up about it might be making it just a little bit true.

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AOL CEO Armstrong's compensation dropped in 2011
(Reuters) - AOL Chief Executive Tim Armstrong's compensation declined to $3.2 million in 2011 from some $15.3 million in the prior year, according to a regulatory filing. The 41-year-old former Google executive did not receive any stock rewards or options in 2011 and received a base salary of $1 million, which remained unchanged from 2010. The proxy filing also urged shareholders not to vote for the activist hedge fund Starboard Value's slate of board nominees. Starboard, which spun off from Ramius LLC in March 2011, launched a campaign late last year to shake up AOL.
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AOL CEO Blames Ad Slowdown on Activist Hedge Fund

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