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US Corporate Chief Retreats After 'Distressed Babies' Remark

An American corporate executive is apologizing after he cited the high cost of the birth of two "distressed babies" as a reason to trim the retirement benefits of his employees. The chief executive of Internet company AOL, Tim Armstrong, last week told workers that he was changing the timing of company contributions to their retirement accounts.  The change would save the company money and likely cost employees thousands of dollars. Armstrong cited AOL's rising...

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