Likely as a symbolic gesture, AOL's impassioned CEO Tim Armstrong has invested roughly $10 million in 477,000 shares of AOL stock. According to a filing with the Securities and Exchange Commission,
Armstrong bought the shares at an average price of $20.97 each last Friday. As
The Los Angeles Times note, "He nearly doubled his stake in the company to
4% after the stock dropped on news of AOL's $315-million acquisition of online news and opinion site Huffington Post."