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In reply to the discussion: HOSTESS Spinning BOGUS Story: NO profitable company shuts down over a spat with labor. [View all]thelordofhell
(4,569 posts)1. Yet they could afford to do this...........
Salary Increases at Hostess
Some creditors question Hostess pay raises approved in late July.
Brian Driscoll, CEO, around $750,000 to $2,550,000
Gary Wandschneider, EVP, $500,000 to $900,000
John Stewart, EVP, $400,000 to $700,000
David Loeser, EVP, $375,000 to $656,256
Kent Magill, EVP, $375,000 to $656,256
Richard Seban, EVP, $375,000 to $656,256
John Akeson, SVP, $300,000 to $480,000
Steven Birgfeld, SVP, $240,000 to $360,000
Martha Ross, SVP, $240,000 to $360,000
Rob Kissick, SVP, $182,000 to $273,008
This is Bain capitalism at it's worst........a company using bankruptcy as a bargaining chip........it failed so they are liquidating a profitable company.........
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HOSTESS Spinning BOGUS Story: NO profitable company shuts down over a spat with labor. [View all]
kpete
Nov 2012
OP
A smash-and-grab. The 1% have killed the Twinkie for personal, short-term gain.
Fire Walk With Me
Nov 2012
#7
The greedy bastards at the top bleed the company dry and get out while the going's good.
bulloney
Nov 2012
#33
yeah, if you believe the *crap* coming out of corporate. the pensions are "unfunded"
HiPointDem
Nov 2012
#43
+1. but some democrats are only interested in 'baining' when it's done by the republican
HiPointDem
Nov 2012
#48
The Comic strip "Over The Hedge" has been doing story lines about the end of Twinkies
alfredo
Nov 2012
#27
There sure is a lot CEO's crying in their soup about the Democratic process of this country.
aandegoons
Nov 2012
#53
that is how i saw it. i had been hearing about hostess woes way before now. agree and
seabeyond
Nov 2012
#57