Thank you Thank you Thank you for this post. Can’t be too broke now can they? Thank you maboulette.
Aren’t they supposed to be out of money? Hostess on Thursday asked for a judge’s approval to give top executives bonuses totaling $1.8 million. The company is arguing that the pay is needed to keep 19 corporate officers and “high-level managers” through the liquidation process, which may take up to a year. The bonuses would come in addition to their regular salaries. The company’s closure is expected to bring the loss of about 18,000 jobs. A Hostess attorney argued on Thursday that the company can no longer pay retiree benefits, which cost about $1.1 million each month. Wonder where they could get that money …
November 29, 2012 1:27 PM