Tim Armstrong will leave Verizon Communications with an awards and benefits package worth more than $60 million. The Wall Street Journal calculated the total amount based on a securities filing from last Monday by combining Armstrong’s compensation in 2018, severance and a special incentive package he was given by Verizon when it acquired AOL in […]
View More Former Oath CEO Tim Armstrong is exiting Verizon with a payout worth more than $60 millionCategory: tim armstrong
Verizon declines to comment on WSJ report saying Tim Armstrong is in talks to leave Oath
The Wall Street Journal is reporting that Tim Armstrong is in talks to leave Verizon as soon as next month. Armstrong heads up the carrier giant’s digital and advertising division, Oath (formerly AOL, prior to the Yahoo acquisition and the subsequent merger of the two units). Oath also happens to be TechCrunch’s parent, of course. […]
View More Verizon declines to comment on WSJ report saying Tim Armstrong is in talks to leave OathLatest round of Verizon layoffs at Oath affects <4% of staff globally
Verizon has initiated another round of layoffs as a result of its acquisition of Yahoo and subsequent combining of the company with its existing business property AOL to form a new division — called Oath. Read More