Hostess to seek approval for executive bonuses [View all]

[LynneSin]

http://www.philly.com/philly/business/20121129_ap_hostesstoseekapprovalforexecutivebonuses.html

Hostess to seek approval for executive bonuses


NEW YORK - 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.

Hostess is also seeking final approval for its wind-down, which was approved on an interim basis last week.



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What better way to reward the loss of 18,000 jobs and the destruction of a very well-loved brand than to give those who caused it a bonus.

I hope the judge denies them. If there is $1.8million spare dollars then that money should be given to the working class out of a job.