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Hostess Shutdown and Liquidation is Final - Execs Still Getting Bonuses

 
Anonymous Coward
User ID: 1306234
United States
11/29/2012 10:56 PM
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Hostess Shutdown and Liquidation is Final - Execs Still Getting Bonuses
Yep, the rich get richer and the poor and middle class go home...

Judge OKs bonuses for execs in Hostess liquidation

A federal bankruptcy judge finalized the liquidation of Hostess Brands on Thursday and approved a bonus plan for senior executives involved in the wind-down of the company.

Union representatives had opposed the plan, which offers $1.75 million in bonuses ranging from $7,400 to $130,500 for 19 executives


[link to money.cnn.com]
Anonymous Coward
User ID: 15341514
United States
11/29/2012 11:09 PM
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Re: Hostess Shutdown and Liquidation is Final - Execs Still Getting Bonuses
Good execs should divide up the money and don't give the workers a bloody penny. Let them eat cake.
Anonymous Coward
User ID: 28714784
United States
11/29/2012 11:13 PM
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Re: Hostess Shutdown and Liquidation is Final - Execs Still Getting Bonuses
Completely crooked. Privatize profit, Socialize debt.

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