AOL's Tim Armstrong explains how he spent his first 100 days as CEO
AOL "was something that everyone had given up on, but they had a lot of resources, a lot of users, and they had a lot of talent," Armstrong told Business Insider US editor in chief Alyson Shontell in an episode of Business Insider's podcast, "Success! How I Did It."
He set out to change the company mindset in his first 100 days in the role, visiting employees around the world.
"We did a 100-day process, and I traveled around the whole globe," Armstrong said. "There were about 10,000 AOL employees at the time, I saw about 9,000 of them in person, and I had three processes I was running: feedback from the entire company and team, feedback from the management team, and then a list I was keeping of things that I thought we should be doing."
After he compiled the feedback from those three processes, he found an interesting pattern among the responses he got back from employees and management.
He told Shontell:
"After the 100 days, we held a meeting at the Time Warner Center and I put up three whiteboards. On one white board I wrote back the results from the entire global team of what they thought we should invest in.
"I put up a white board of what the management team thought, and I put up a whiteboard of what I thought. I flipped them all around at the same time. Each one had five things on them. All of the white boards were identical, except for one area on the white board that I had flipped around on my personal side.
"So the whole company was already in alignment and I think that got people excited. They weren't told what the strategy was. They got input, and everyone was on the same path in believing in it."