AOL CEO Tim Armstrong Could Make $180 Million in Verizon Deal

Sunday, Monday, happy days. Tuesday, Wednesday, happy days. Thursday, Friday, happy days. Saturday, what a day.


Screen Shot 2015-05-14 at 8.37.02 AMYou’ll have to forgive AOL CEO Tim Armstrong for smiling so much lately. See, Armstrong just learned that he could rake in roughly $180 million after Verizon completes its acquisition of AOL.

According to The Wall Street Journal, Armstrong is the biggest shareholder of AOL stock. His 1.68 million shares have a market value of $84 million, but since Armstrong used some of his own money to build up that stock, selling the shares will net him about $59 million.

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