Tuesday, November 27, 2012

Hostess, maker of Twinkies, seeks permission to pay manager bonuses while sacking 18,500 workers


Hostess Brands Inc., the bankrupt baker of Twinkies and Wonder bread, is seeking permission to pay bonuses to key managers while closing operations that will leave most of its 18,500 workers unemployed as it begins a liquidation that may attract bids from private-equity firms and rivals.

MORE:  http://www.washingtonpost.com/business/hostess-moves-to-liquidate-as-us-seeks-trustee-control/2012/11/19/46e98922-326d-11e2-92f0-496af208bf23_story.html?wpisrc=emailtoafriend

I thought bonuses were a reward when a company did well. Since the company is now bankrupt, shouldn't the executives give money back???

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