Twinkie CEO Admits Company Took Employees Pensions and Put It Toward Executive Pay | Alternet
Straight from the playbook of Bain Capital. Let the tax payers bailout the workers pensions while the exec's suck up millions from it. Corporate welfare bull****!
- The bankruptcy court just okayed $1.8 million in Christmas bonuses for the new fatcats at Hostess.
- Hostess CEO Cuts
Worker Pay, But Leaves Own Salary Untouched
- Though
he imposed an 8 percent pay cut for all Hostess workers, Gregory Rayburn’s
monthly $125,000 pay — or $1.5 million a year — will remain unchanged, a
company spokesman told The Huffington Post on Monday. Rayburn is not on the
Hostess payroll and therefore isn’t subject to the imposed pay cut, the
spokesman explained.
