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Likely brand sales won’t keep Hostess from screwing employees out of millions

  • $1.1M in monthly retiree benefits will not be paid by Hostess during the company’s liquidation process according to an attorney for the company.
  • $1.5M was collected by Hostess CEO Gregory Rayburn during fiscal 2012 — an average monthly salary of $125,000 — before bonuses or other incentives.
  • $1.8M has been set aside for the incentive bonuses of 19 Hostess executives, bonuses which the company argues are needed to retain the corporate officers and other high-level managers. Maybe it’s just us, but does this sound like, “Let us pay ourselves another $2 million, or we’ll quit too!” to anybody else?source
November 29, 2012 // 17:27 // 1 year ago
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106 notes from really cool Tumblrs like ours. Click to read.

  1. heebiejeebiejade reblogged this from pixyled
  2. ambergerchild reblogged this from shortformblog and added:
    Sorry, we can’t afford to pay you because we’re too busy paying ourselves
  3. thepandabaker reblogged this from shortformblog and added:
    Wow, corporations spend more or bonus for 20 people than they do on all other employees retirement? Golly gee this is...
  4. politiciansoc reblogged this from shortformblog
  5. tsumetai reblogged this from blue-author
  6. rainwasheseverythingaway reblogged this from deliciouskaek and added:
    yes pay more to the folks that broke it, not the ones who kept it going. makes nofucking sense.
  7. stupendous-operatic-spectacle reblogged this from dangercupcakemurdericing
  8. coochieclaws reblogged this from strugglingtobeheard
  9. attackofopportunity reblogged this from deliciouskaek
  10. angryqueerliveshere reblogged this from blue-author
  11. officialsmokescreen reblogged this from strugglingtobeheard
  12. thotty-by-nature reblogged this from strugglingtobeheard
  13. dangercupcakemurdericing reblogged this from strugglingtobeheard
  14. strugglingtobeheard reblogged this from blue-author
  15. eclecticpool reblogged this from so-treu
  16. lesugarbro reblogged this from pixyled
  17. muckrakingiswomenswork reblogged this from so-treu and added:
    How is this not blatant looting?
  18. deliciouskaek reblogged this from so-treu
  19. pixyled reblogged this from so-treu
  20. so-treu reblogged this from blue-author
  21. spaceships-in-the-club reblogged this from blue-author
  22. acatnamedhercules reblogged this from blue-author
  23. blue-author reblogged this from popelizbet and added:
    How much money would it cost to not retain the executives who managed to go broke selling Twinkies?
  24. popelizbet reblogged this from shortformblog
  25. junosmacguffin reblogged this from shortformblog
  26. arissanugles reblogged this from shortformblog and added:
    This disgusts me
  27. juanitothegreat reblogged this from shortformblog
  28. mjcjla reblogged this from shortformblog
  29. badwolfday reblogged this from goldenegg31
  30. goldenegg31 reblogged this from shortformblog
  31. lvmusic reblogged this from shortformblog
  32. cerulean-cinquedea reblogged this from mitchieshellychel and added:
    We were just takin bout this shit in bus 100 today
  33. mitchieshellychel reblogged this from shortformblog
  34. so-far-this-is-it reblogged this from shortformblog