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Hostess seeks sweet bonus deal for top executives

 
JUST.HERE
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11/29/2012 11:44 AM
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Hostess seeks sweet bonus deal for top executives
Hostess Brands Inc. is asking for a judge's approval to give its top executives bonuses totaling up to $1.8 million as part of its wind-down plans.

The maker of Twinkies, Ding Dongs and Ho Hos says the incentive pay is needed to retain the 19 corporate officers and "high-level managers" during the liquidation process, which could take about a year. Two of those executives would be eligible for additional rewards depending on how efficiently they carry out the liquidation. The bonuses would be in addition to their regular pay.

The bonuses do not include pay for CEO Gregory Rayburn, who was brought on as a restructuring expert earlier this year. Rayburn is being paid $125,000 a month.
[link to www.nbcnews.com] wtf
:glp sign:
Anonymous Coward
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11/29/2012 11:46 AM
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Re: Hostess seeks sweet bonus deal for top executives
Can't have them going without, now can we?
JUST.HERE (OP)

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11/29/2012 11:47 AM
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Re: Hostess seeks sweet bonus deal for top executives
Can't have them going without, now can we?
 Quoting: Leslie Zevo


agree
:glp sign:
Earth Daughter

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11/29/2012 11:53 AM

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Re: Hostess seeks sweet bonus deal for top executives
125,000 a month! Damn! yeah, he's in desperate need of a bonus! Poor guy
"Arrows of hate have been shot at me too, but they never hit me, because somehow they belonged to another world, with which I have no connection whatsoever." - Albert Einstein
JUST.HERE (OP)

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11/29/2012 11:54 AM
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Re: Hostess seeks sweet bonus deal for top executives
125,000 a month! Damn! yeah, he's in desperate need of a bonus! Poor guy
 Quoting: Earth Daughter


crazy huh?
:glp sign:
Anonymous Coward
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11/29/2012 11:56 AM
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Re: Hostess seeks sweet bonus deal for top executives
125,000 a month! Damn! yeah, he's in desperate need of a bonus! Poor guy
 Quoting: Earth Daughter


Like, totally. His daughter? Only got ONE Louis Vuitton purse last Christmas. O.M.G. This year she absolutely deserves her own 2012 BMW. Lacy has one and Curt totally digs it and she's still stuck with that lame 2011 BMW which, HELLO? SUCKS! And she likes Curt. How will Curt like her back if she doesn't drive a 2012 BMW? So he's GOT to have this bonus. Like...like... like... TOTALLY!
JUST.HERE (OP)

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11/29/2012 11:57 AM
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Re: Hostess seeks sweet bonus deal for top executives
125,000 a month! Damn! yeah, he's in desperate need of a bonus! Poor guy
 Quoting: Earth Daughter


Like, totally. His daughter? Only got ONE Louis Vuitton purse last Christmas. O.M.G. This year she absolutely deserves her own 2012 BMW. Lacy has one and Curt totally digs it and she's still stuck with that lame 2011 BMW which, HELLO? SUCKS! And she likes Curt. How will Curt like her back if she doesn't drive a 2012 BMW? So he's GOT to have this bonus. Like...like... like... TOTALLY!
 Quoting: Leslie Zevo


laugh , green karma for you

Last Edited by JUST HERE on 11/29/2012 11:57 AM
:glp sign:
Anonymous Coward
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11/29/2012 12:00 PM
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Re: Hostess seeks sweet bonus deal for top executives
125,000 a month! Damn! yeah, he's in desperate need of a bonus! Poor guy
 Quoting: Earth Daughter


crazy huh?
 Quoting: JUST.HERE


Yeah, but compare that to say, Lady Gaga, Justin Bieber or even a journeyman linebacker in the NFL, he's not making very much at all.

Now THAT is crazy.
Anonymous Coward
User ID: 27801339
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11/29/2012 10:48 PM
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Re: Hostess seeks sweet bonus deal for top executives
My favorite part of the article, Hostess can't pay the $1.1 million for pensions but will ask permission to pay$1.8 million in bonus money to 237 TOP execs. Societal FAIL! I'm not some big pro union supporter by for fuck sakes, pensions for thousands or BONUS for 237 top paid execs? Gimme a fucking break......

Add to the burden on society you bastards, unemployment, social security, medicaide/ medicare, EBT.... well of course 'cause these ALREADY set up with more than enough rich fucking asshole can't possibly be expected to work from behind their desks or from their cars or god damned golf carts lifting all those heavy pens and cell phone with no BONUS right? Get the fuck out, so disgusting.....
Anonymous Coward
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11/29/2012 10:50 PM
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Re: Hostess seeks sweet bonus deal for top executives
WHY isn't this thread pinned?
Anonymous Coward
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11/29/2012 10:57 PM
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Re: Hostess seeks sweet bonus deal for top executives
Hostess Brands Inc. is asking for a judge's approval to give its top executives bonuses totaling up to $1.8 million as part of its wind-down plans.

The maker of Twinkies, Ding Dongs and Ho Hos says the incentive pay is needed to retain the 19 corporate officers and "high-level managers" during the liquidation process, which could take about a year. Two of those executives would be eligible for additional rewards depending on how efficiently they carry out the liquidation. The bonuses would be in addition to their regular pay.

The bonuses do not include pay for CEO Gregory Rayburn, who was brought on as a restructuring expert earlier this year. Rayburn is being paid $125,000 a month.
[link to www.nbcnews.com] wtf
 Quoting: JUST.HERE


what a loser, Anotonio Perez (Kodak CEO) could be getting 2+ million as part of his bankruptcy bonuses. And that's on top of the 15 million he's made in the past couple of years taking the companies stock from $30 to $0.20 and bonds down to pennies on the dollar
Anonymous Coward
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11/29/2012 11:02 PM
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Re: Hostess seeks sweet bonus deal for top executives
WHY isn't this thread pinned?
 Quoting: Anonymous Coward 27801339


The official stance around here is that this is all due to the "greedy unions".

Ignore all of the facts. All you need to do is mention "unions" and all the facts go out the window. The fact that the CEO tripled his pay, along with huge pay raises to all the execs, while asking workers to take pay cuts gets completely ignored once the word "union" is spoken/written.

Buy out a floundering company. Leverage company and pay yourself millions in "consultation fees" and bonuses. Give huge raises to all of the execs. Now that the money has been sucked out and you can't afford to pay the workers, you ask them to take pay cuts. You fire whomever you can. Now you can't make the payments to even keep up with the interest on all of that leveraged money.....

This is the Romney/Bain Capital model. Officially endorsed around these here parts. No pin gonna happen.
Anonymous Coward
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11/29/2012 11:10 PM
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Re: Hostess seeks sweet bonus deal for top executives
WHY isn't this thread pinned?
 Quoting: Anonymous Coward 27801339


The official stance around here is that this is all due to the "greedy unions".

Ignore all of the facts. All you need to do is mention "unions" and all the facts go out the window. The fact that the CEO tripled his pay, along with huge pay raises to all the execs, while asking workers to take pay cuts gets completely ignored once the word "union" is spoken/written.

Buy out a floundering company. Leverage company and pay yourself millions in "consultation fees" and bonuses. Give huge raises to all of the execs. Now that the money has been sucked out and you can't afford to pay the workers, you ask them to take pay cuts. You fire whomever you can. Now you can't make the payments to even keep up with the interest on all of that leveraged money.....

This is the Romney/Bain Capital model. Officially endorsed around these here parts. No pin gonna happen.

 Quoting: Anonymous Coward 28714784


very well stated, and absolutely true. you can also expect the thread to disappear, and probably one or two of we "reds" to be banned for uttering such heresy
Anonymous Coward
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11/29/2012 11:13 PM
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Re: Hostess seeks sweet bonus deal for top executives
Well if we can't pin it then bump it
Anonymous Coward
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11/29/2012 11:21 PM
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Re: Hostess seeks sweet bonus deal for top executives
bump
Anonymous Coward
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11/29/2012 11:25 PM
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Re: Hostess seeks sweet bonus deal for top executives
WHY isn't this thread pinned?
 Quoting: Anonymous Coward 27801339


because the selfish greed of those "job creators" is what those who run con games, try such dodges as "sovereign status", and sell snake oil to feeble minded hypochondriacs admire. it's the status they aspire to. never mind the direct relationship of the collapse of "middle class" status in this country with the destruction of unions. never mind the direct relationship with the concentration of wealth in the hands of the "elite" they all claim to despise and fear so much. it has to be the "little guys" fault, because they want to become those smirking blood suckers themselves.
Anonymous Coward
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11/29/2012 11:26 PM
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Re: Hostess seeks sweet bonus deal for top executives
Hostess Brands Inc. is asking for a judge's approval to give its top executives bonuses totaling up to $1.8 million as part of its wind-down plans.

The maker of Twinkies, Ding Dongs and Ho Hos says the incentive pay is needed to retain the 19 corporate officers and "high-level managers" during the liquidation process, which could take about a year. Two of those executives would be eligible for additional rewards depending on how efficiently they carry out the liquidation. The bonuses would be in addition to their regular pay.

The bonuses do not include pay for CEO Gregory Rayburn, who was brought on as a restructuring expert earlier this year. Rayburn is being paid $125,000 a month.
[link to www.nbcnews.com] wtf
 Quoting: JUST.HERE
It is obscene and a world war will sort them all out.
Burt Gummer

User ID: 7702124
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11/29/2012 11:28 PM

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Re: Hostess seeks sweet bonus deal for top executives
Hostess Brands Inc. is asking for a judge's approval to give its top executives bonuses totaling up to $1.8 million as part of its wind-down plans.

The maker of Twinkies, Ding Dongs and Ho Hos says the incentive pay is needed to retain the 19 corporate officers and "high-level managers" during the liquidation process, which could take about a year. Two of those executives would be eligible for additional rewards depending on how efficiently they carry out the liquidation. The bonuses would be in addition to their regular pay.

The bonuses do not include pay for CEO Gregory Rayburn, who was brought on as a restructuring expert earlier this year. Rayburn is being paid $125,000 a month.
[link to www.nbcnews.com] wtf
 Quoting: JUST.HERE


If I was one of the executives and/or owners....and the UNIONS forced the company out of business.

...I WOULD CASH OUT EVERYTHING I COULD TOO.

Good for them.

uniontwink
Anonymous Coward
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11/29/2012 11:32 PM
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Re: Hostess seeks sweet bonus deal for top executives
Hostess Brands Inc. is asking for a judge's approval to give its top executives bonuses totaling up to $1.8 million as part of its wind-down plans.

The maker of Twinkies, Ding Dongs and Ho Hos says the incentive pay is needed to retain the 19 corporate officers and "high-level managers" during the liquidation process, which could take about a year. Two of those executives would be eligible for additional rewards depending on how efficiently they carry out the liquidation. The bonuses would be in addition to their regular pay.

The bonuses do not include pay for CEO Gregory Rayburn, who was brought on as a restructuring expert earlier this year. Rayburn is being paid $125,000 a month.
[link to www.nbcnews.com] wtf
 Quoting: JUST.HERE


If I was one of the executives and/or owners....and the UNIONS forced the company out of business.

...I WOULD CASH OUT EVERYTHING I COULD TOO.

Good for them.

:uniontwink:
 Quoting: Burt Gummer



The CEO tripled his pay, along with all the other execs.... while asking the people who actually work to take pay cuts.

The company was leveraged to the hilt by a private equity firm. Million paid to execs in the forms of "consultation fees" and bonuses.

Stupid piece of shit.
Anonymous Coward
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11/29/2012 11:35 PM
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Re: Hostess seeks sweet bonus deal for top executives
Hostess Brands Inc. is asking for a judge's approval to give its top executives bonuses totaling up to $1.8 million as part of its wind-down plans.

The maker of Twinkies, Ding Dongs and Ho Hos says the incentive pay is needed to retain the 19 corporate officers and "high-level managers" during the liquidation process, which could take about a year. Two of those executives would be eligible for additional rewards depending on how efficiently they carry out the liquidation. The bonuses would be in addition to their regular pay.

The bonuses do not include pay for CEO Gregory Rayburn, who was brought on as a restructuring expert earlier this year. Rayburn is being paid $125,000 a month.
[link to www.nbcnews.com] wtf
 Quoting: JUST.HERE
It is obscene and a world war will sort them all out.
 Quoting: Anonymous Coward 13813766


it never has yet. folks pay lip service to "the little guy", but push come to shove, they side with the bully victimizing him. go take a peek at the top pinned thread. the union bashers daisy chaining into a blowjob ring. that's a microcosm illustration of our world. "how dare folks living in the most expensive city in the country try to get a paycheck that might be able to both house and feed them?? it's COMMIE TALK!!". 35 year olds spouting the same lines of shit their daddies did. wannabe aristocrats ignoring reality to conform to pre-supposition.
Anonymous Coward
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11/29/2012 11:39 PM
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Re: Hostess seeks sweet bonus deal for top executives
Hm shouldn't the executives that were running, and failed, the company be fired and not get a dime? What a strange world we live in, wish I could go to work and do the opposite and still get paid lol
Burt Gummer

User ID: 7702124
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11/29/2012 11:40 PM

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Re: Hostess seeks sweet bonus deal for top executives
Hostess Brands Inc. is asking for a judge's approval to give its top executives bonuses totaling up to $1.8 million as part of its wind-down plans.

The maker of Twinkies, Ding Dongs and Ho Hos says the incentive pay is needed to retain the 19 corporate officers and "high-level managers" during the liquidation process, which could take about a year. Two of those executives would be eligible for additional rewards depending on how efficiently they carry out the liquidation. The bonuses would be in addition to their regular pay.

The bonuses do not include pay for CEO Gregory Rayburn, who was brought on as a restructuring expert earlier this year. Rayburn is being paid $125,000 a month.
[link to www.nbcnews.com] wtf
 Quoting: JUST.HERE


If I was one of the executives and/or owners....and the UNIONS forced the company out of business.

...I WOULD CASH OUT EVERYTHING I COULD TOO.

Good for them.

uniontwink
 Quoting: Burt Gummer



The CEO tripled his pay, along with all the other execs.... while asking the people who actually work to take pay cuts.

The company was leveraged to the hilt by a private equity firm. Million paid to execs in the forms of "consultation fees" and bonuses.

Stupid piece of shit.
 Quoting: Anonymous Coward 28714784


IF they are writing bonuses then they are trying take as much cash out as they can before the bankruptcy.

If I owned the company....I would screw you union scumbags over for what you did too.
I'd take as much as I could for all the people who wanted the company to succeed and pay them ALL in disbursements of bonuses and leave NOTHING for you union thugs.

YOU REAP WHAT YOU SOW.



idgitdetect

Last Edited by Useless Cookie Eater on 11/29/2012 11:41 PM
Anonymous Coward
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11/29/2012 11:42 PM
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Re: Hostess seeks sweet bonus deal for top executives
Hostess Brands Inc. is asking for a judge's approval to give its top executives bonuses totaling up to $1.8 million as part of its wind-down plans.

The maker of Twinkies, Ding Dongs and Ho Hos says the incentive pay is needed to retain the 19 corporate officers and "high-level managers" during the liquidation process, which could take about a year. Two of those executives would be eligible for additional rewards depending on how efficiently they carry out the liquidation. The bonuses would be in addition to their regular pay.

The bonuses do not include pay for CEO Gregory Rayburn, who was brought on as a restructuring expert earlier this year. Rayburn is being paid $125,000 a month.
[link to www.nbcnews.com] wtf
 Quoting: JUST.HERE


If I was one of the executives and/or owners....and the UNIONS forced the company out of business.

...I WOULD CASH OUT EVERYTHING I COULD TOO.

Good for them.

:uniontwink:
 Quoting: Burt Gummer

your illiteracy is showing again burt. the liquidator in charge they shipped in to close the company down is making MORE than the union workers (who actually do ALL the work that produces the product) asked for. 11 months of that one mans pay would have kept the doors open. but, instead of looking at that reality, you make those imbecilic smileys and smile smugly, fully supporting the bonusing of execs 50% more in bon voyage money than it would have cost to keep the plant open. no liquidator, no golden parachute bonuses, pay off the workers the first concession to them since 04, and the company SAVES 2 million bucks. now, please, honestly, explain to me how that adds up to "the unions brought them down"???
Burt Gummer

User ID: 7702124
United States
11/29/2012 11:53 PM

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Re: Hostess seeks sweet bonus deal for top executives
Hostess Brands Inc. is asking for a judge's approval to give its top executives bonuses totaling up to $1.8 million as part of its wind-down plans.

The maker of Twinkies, Ding Dongs and Ho Hos says the incentive pay is needed to retain the 19 corporate officers and "high-level managers" during the liquidation process, which could take about a year. Two of those executives would be eligible for additional rewards depending on how efficiently they carry out the liquidation. The bonuses would be in addition to their regular pay.

The bonuses do not include pay for CEO Gregory Rayburn, who was brought on as a restructuring expert earlier this year. Rayburn is being paid $125,000 a month.
[link to www.nbcnews.com] wtf
 Quoting: JUST.HERE


If I was one of the executives and/or owners....and the UNIONS forced the company out of business.

...I WOULD CASH OUT EVERYTHING I COULD TOO.

Good for them.

uniontwink
 Quoting: Burt Gummer

your illiteracy is showing again burt. the liquidator in charge they shipped in to close the company down is making MORE than the union workers (who actually do ALL the work that produces the product) asked for. 11 months of that one mans pay would have kept the doors open. but, instead of looking at that reality, you make those imbecilic smileys and smile smugly, fully supporting the bonusing of execs 50% more in bon voyage money than it would have cost to keep the plant open. no liquidator, no golden parachute bonuses, pay off the workers the first concession to them since 04, and the company SAVES 2 million bucks. now, please, honestly, explain to me how that adds up to "the unions brought them down"???
 Quoting: Anonymous Coward 28147705


I say good to that as well.
I hope the liquidator gets rich from it.
You union thugs need to learn some hard lessons about real life without the government "in your pocket" politicians wiping your asses for you.


GUESS WHAT UNION FREAKS?

NO ONE CARES WHEN YOU CRY THE BLUES ANYMORE.


powerst

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