1. 1 Percent

    Hostess Executives Get Bonuses

    CHICAGO, IL - NOVEMBER 15:  Hostess Brands products are shown on November 15, 2012 in Chicago, Illinois. Hostess Brands Inc. has warned striking workers with the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union that it will move to liquidate the company if plant operations don’t return to normal levels by this afternoon.  (Photo by Scott Olson/Getty Images)

    Scott Olson / Getty Images

    Thousands of workers will be without retirement perks, but 19 Hostess executives will be taking bonuses from a pool of $1.75 million after a federal bankruptcy judge approved the union-opposed plan Thursday. The executives will be overseeing the company’s liquidation, which is “significantly beyond the type of jobs that [they] were doing at the start of this case,” according to the judge. On the bright side, 3,000 other employees will be getting paid beyond their salaries, and Hostess CEO Greg Rayburn declined a bonus for himself.

    Read it at CNN