AOL To Pay $1,056 Bonus To All Employees To Celebrate $1.056 Billion Patent Sale

John Biggs

Biggs is the East Coast Editor of TechCrunch. Biggs has written for the New York Times, InSync, USA Weekend, Popular Mechanics, Popular Science, Money and a number of other outlets on technology and wristwatches. He is the former editor-in-chief of Gizmodo.com and lives in Bay Ridge, Brooklyn. You can Tweet him here and G+ him here. Email him directly at... → Learn More

Monday, December 17th, 2012
armstrong-scrooge

Like Scrooge after discovering the True Spirit Of Christmas, AOL is offering a shiny half-crown (worth $1,056) to the little boy (its employees) as thanks for bringing the prize Turkey from the Poulterer’s this holiday. The $1,000 cash bonus is a celebration of the company’s $1.056 billion patent sale it made earlier this year.

I rarely, if ever, comment on internal AOL stuff but this is a nice gesture at the right time. The company is doing well in the markets and traffic is up for its properties. Patch, the hyperlocal news organization of the future, has shown its true value in the wake of recent news in Connecticut and, in the end, AOL is still trucking even after many wrote it off.

I wish, in my heart of hearts, that “Tiny” Tim Armstrong would appear before the gathered employees and do a quick, Mary-Lou-Retton-style tumbling routine like in Scrooged, but perhaps I’m dreaming too big.

AOL closed at 30.94 today with a high of 31.

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