UPDATE 4-Twinkies maker Hostess wins court OK to close

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The CEO salary and raises and bonuses are listed in publicly available SEC filings. ( Nine Hostess executives recieved 60-100% increase in salary while filing for bancruptcy. The CEO recieved a 300 % increase. Meanwhile the employee compensation was stagnant even before the suggested 8% decrease in wages and 32% decrease in benefits. After executives refused to continue to pay into the employee pension fund the loss to employee pensions has been
$160,000,000. The bakers average pay was less than $20.00 per hour.

Nov 21, 2012 6:20pm EST  --  Report as abuse
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