Give Them Their Bonus or the Terrorists Win
- Stock Rabbi
- November 29th, 2012
If this isn't post-millennial America in a nutshell I don't know what is...
NEW YORK (AP) -- Hostess Brands Inc. plans to ask for a judge's approval Thursday to give its top executives bonuses totaling up to $1.8 million as part of its wind-down plans.
The maker of Twinkies, Ding Dongs and Ho Hos says the incentive pay is needed to retain the 19 managers during the liquidation process, which could take about a year. Two of those executives would be eligible for additional rewards depending on how efficiently they carry out the liquidation.
Like rehiring the surgeon who dropped a pair of scissors in your belly during a procedure to go back in and fish them out.
Bravo Hostess Execs, you win today's Chutzpah Award.
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The Reformed Broker is a blog about financial markets and the economy. Joshua Brown is a New York City-based investment advisor for high net worth individuals, charitable foundations, retirement plans and corporations... More. -
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