- Moderator
- #1
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.
NEW YORK (AP) -- Hostess Brands Inc. plans to ask for a judge's approval Thursday 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 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
News from The Associated Press