Thursday, November 29, 2012

Why Should Hostess Executives Get The Bonuses They're Demanding? - Forbes

Why Should Hostess Executives Get The Bonuses They're Demanding? - Forbes:

"AP is reporting that the Irving, Texas company is planning to ask a bankruptcy judge to grant approval of bonuses totaling up to $1.8 million for its executives....It’s tough to see why managers should get bonuses for driving a company into the ground and sacrificing some 18,000 jobs. Hostess had become horribly insolvent, with a net loss of $1.1 billion in fiscal 2012 on revenues of $2.5 billion. The company also reportedly has $111 million in unfunded pension obligations."
Gee this could be a good class discussion! 

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