- Hamas calls on Hezbollah to join in fight against Israel
- Senators to FIFA, others: Don’t reward Putin with the World Cup in 2018
- U.S. condemns Israeli shelling of shelter in Gaza
- Obamacare shoots premiums up by 88 percent in California
- Chicken pox outbreak puts illegal immigrant facility on lockdown
- Obama to Republicans: ‘Stop just hatin’ all the time’
- U.S. chemical sites vulnerable despite millions spent on security: Congress
- Driverless cars to hit the British streets by 2015
- GOP presses to scrap IRS commissioner position — but put in panel
- New bill would make sure women in military can get free birth control
AOL names board director as new CFO
Question of the Day
NEW YORK (AP) - AOL has harvested a new chief financial officer from its board of directors.
Minson had been handling the CFO duties since his promotion.
Dykstra, 53, previously serviced as CFO at the payroll service company, Automatic Data Processing Inc. After leaving ADP, Dykstra spent several years as a partner at Plainfield Asset Management, a money management firm.
In her new job at AOL, Dykstra will be paid a $700,000 salary and could earn a bonus of up to $700,000, according to regulatory documents. She is also getting AOL stock options and restricted stock valued at nearly $1.2 million. AOL will pay her additional stock valued at $583,333 if the company hits certain performance targets through 2014.
After years of setbacks, AOL has been on a roll under CEO Tim Armstrong, who was lured away from Internet search leader Google Inc. in 2009.
The company, which is based in New York, has been selling more ads in the past year and scored a coup when it sold about 800 of its Internet patents to Microsoft Corp. for more than $1 billion. AOL has been using most of that money to buy back its own stock, helping the stock more than double so far this year.
The stock hit a new 52-week of $35.30 Wednesday, before backtracking to close at $34.60, up 84 cents for the session.
TWT Video Picks
- Geraldo Rivera: Matt Drudge 'doing his best to stir up a civil war'
- Lois Lerner hated conservatives, new emails show
- Catholic League slams Obama: 'Do Christian lives mean so little to you?'
- CARSON: Rudderless U.S. foreign policy
- Obama thanks Muslims for 'building the very fabric of our nation'
- Patent workers paid to exercise, shop, do chores: report
- Proving A Point: Redskins' Bacarri Rambo vows to make impact in second year
- Fla. mom arrested for allowing 7-year-old son to walk to park alone
- Obama mum on where illegal immigrant children are sheltered
- Federal judge grants 90-day stay in D.C. gun case
Obama's biggest White House 'fails'
Celebrities turned politicians
Athletes turned actors
20 gadgets that changed the world