ST Alpha - "Hostess wins OK to pay executives $1.75 million in bonuses" (Reading a Post)

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Posts: 168

Hostess wins OK to pay executives $1.75 million in bonuses

Posted by amoxy (aka amoxy) Nov 30 '12, 08:31

What a crock of shit

And also told the court it wants to stop paying the 1.1 million a month in retiree benefits (www.latimes.com)

Responses:

heck of a job, Brownie -- nm - zeitgeist Nov 30, 12:56
This is the Bakers union fault somehow! - musubi Nov 30, 08:46
that is complete crap. - groiny Nov 30, 08:41 5
- Honestly, it's not and it's pretty standard procedure for winding down a business. - pmb Nov 30, 08:45 3
  - So the danger is that someone else will have to come in and liquidate assets? Is that really so terrible? - musubi Nov 30, 08:48 2
    - The middle managers will either be part of those bonuses that got paid or they'll be gone. - pmb Nov 30, 08:52 1
      - The story said 19 managers. I'm not saying bring in outside consultants to liquidate. - musubi Nov 30, 08:59
- this -- nm - Beaker Nov 30, 08:42
This kind of stuff is going to give corporate America a bad name. -- nm - volnelk Nov 30, 08:36 4
- The government is probably to blame for not letting the market be free enough -- nm - Guigue Nov 30, 08:45
- [deleted]
- going????? -- nm - DaneDukeNuuk Nov 30, 08:42 1
  - Exactly. Just throw this on the pile with the rest of our corporate greed. This is how it works, people. What'd you expect? Ethics? -- nm - volnelk Nov 30, 08:43
amateurs -- nm - Leman Bros et. al. Nov 30, 08:34
The executives who gave themselves raises as the union gave concessions? The executives who ran the company into the ground? Those executives? -- nm - Mop on Mac Pro Nov 30, 08:32

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