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View Diary: Hostess took workers' pension money to fund itself (158 comments)

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  •  And the conservatives (2+ / 0-)
    Recommended by:
    AoT, happymisanthropy

    scream about those who depend on government and want to cut Medicare and Social Security.  So these 18 executives will get a bonus of thousands of dollars that belong to the 18,000 losing their jobs.  That money would have helped pay the ex-employee's healthcare, kept a roof over their heads and put food on the table.  But, now what will happen to the employees losing their jobs?  I wonder what kind of contract the excutives had that allowed a Judge to allocate the employee's funds for bonuses.  

    At what point do the people get any real power back over the CEO's?  Seriously, I question what real power the people have anymore when this type of thing is the norm.  So the CEO with all the brains and entitlement had no idea that this was happening, well duh?  Is that why they are so entitled to all the money in the world?  And yet, they have no idea what the hell is going on in their own companies?  Man oh man what a bunch of hooey.

    "During times of universal deceit, telling the truth becomes a revolution­ary act. " George Orwell

    by zaka1 on Mon Dec 10, 2012 at 04:24:19 PM PST

    •  I read this at HP (1+ / 0-)
      Recommended by:
      AoT
      In November, a judge approved Hostess' plan to pay $1.8 million in bonuses to 19 executives, according to CNBC. Rayburn declined to take a bonus but also avoided a company-wide pay cut that he imposed, Hostess told HuffPost.

      "During times of universal deceit, telling the truth becomes a revolution­ary act. " George Orwell

      by zaka1 on Mon Dec 10, 2012 at 04:30:41 PM PST

      [ Parent ]

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