AOL announced that its Board of Directors has approved a $550M stock repurchase program. Following the expiration of the tender offer, AOL's Board of Directors authorized the repurchase of up to an additional $550M of its outstanding shares of common stock from time to time by the end of 2012 and re-authorized the repurchase of the remaining $40.8M from the Company's initial $250 million stock repurchase program announced in August 2011.
America has no tolerance for wealthy people griping about their financial woes. But they have concerns too.