1. Cash Flow

    Hostess Wants to Give Exec 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

    Aren’t they supposed to be out of money? Hostess on Thursday asked for a judge’s approval to give top executives bonuses totaling $1.8 million. The company is arguing that the pay is needed to keep 19 corporate officers and “high-level managers” through the liquidation process, which may take up to a year. The bonuses would come in addition to their regular salaries. The company’s closure is expected to bring the loss of about 18,000 jobs. A Hostess attorney argued on Thursday that the company can no longer pay retiree benefits, which cost about $1.1 million each month. Wonder where they could get that money ...

    Read it at NBC News