John5507 Wrote:
Nov 18, 2012 9:42 PM
By the way: BCTGM members are well aware that as the company was preparing to file for bankruptcy earlier this year, the then CEO of Hostess was awarded a 300 percent raise (from approximately $750,000 to $2,550,000) and at least nine other top executives of the company received massive pay raises. One such executive received a pay increase from $500,000 to $900,000 and another received one taking his salary from $375,000 to $656,256. But it was the union that killed them. You'll note that my previous analysis about the hostess "bankruptcy" was correct and there will still be twinkies but they'll shed all the pensions that they owe.