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11-30-2012, 09:27 AM #1
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Hostess to seek approval for executive bonuses
Hostess to seek approval for executive bonuses
Thursday, November 29, 2012
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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Read more: Hostess to seek approval for executive bonuses – Patriot Update
18000 workers out of a job but :
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.
Isn't that a nice Merry Christmas!!!!!!
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