On December 3, 2012 "Mother Jones" reported that Armey, in an email on November 30 to Matt Kibbe, president of FreedomWorks Inc., resigned his positions as chairman and trustee of FreedomWorks and severed all his ties to that organization, effective immediately. "Mother Jones" reported that Armey's reasons for resigning were "matters of principle. It's how you do business as opposed to what you do. But I don't want to be the guy to create problems." The Associated Press reported that in September 2012, Armey agreed to resign by November 2012 in exchange for $8 million in consulting fees paid in annual $400,000 installments.