Hostess Wants $1.8 Million in Executive Bonuses

Discussion in 'Economy' started by Dont Taz Me Bro, Nov 29, 2012.

  1. Dont Taz Me Bro
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    Dont Taz Me Bro USMB Mod Staff Member Gold Supporting Member Supporting Member

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    So let me get this straight, the company failed, but they want to hand out $1.8 million in bonuses to the executives? Really?? Talk about having some brass balls.

     
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  2. waltky
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    waltky Wise ol' monkey Supporting Member

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    Granny says if dey got dat kinda money, dey shoulda kept the company goin'...
    :mad:
    Hostess to seek approval for executive bonuses
    Thursday, November 29, 2012, Wants give top execs bonuses totaling up to $1.8Mn as part of its wind-down plans
     
  3. martybegan
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    martybegan Gold Member

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    How else do you keep someone from jumping ship the second the find a better job? Hostess is done, they need people to liquidate its assets. Its not really a bonus, its holding out compensation until the job is done so they do not leave.
     
  4. uscitizen
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    uscitizen Senior Member

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    A bonus for failure?

    Capitalism at it's finest.
     
  5. martybegan
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    martybegan Gold Member

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    these are the people who have to stick around at a failed company, liquidate the assets and close the door behind them. To keep them, you have to offer them money at the completion of thier work, and you have to give them an incentive to stick around and not go job hunting now.

    Would you stay and liquidate a company, ending your own job, without compensation?
     
  6. Mr. H.
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    Mr. H. Diamond Member

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    A business that's been around for decades, employed thousands, contributed tens of millions to the GDP... and you bark about compensation packages?

    At least they've seen more success than Solyndra- a company that threw millions in taxpayer dollars, not private capital, at fleeing executives.
     
  7. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    :lol:
     
  8. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    I love it when a viable company gets fleeced and the fleecers get to pick the bones before leaving.

    Good stuff.

    :clap2:
     
  9. Mr. H.
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    Mr. H. Diamond Member

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    Fleeced by whom? Unions?
     
  10. CrusaderFrank
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    CrusaderFrank Diamond Member

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    The Judge should make the union leaders clean the homes of the executives, cut the grass and take out the trash too
     

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