Hostess Wants to Give Exec Bonuses

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 ...