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Of course the question is......

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Of course the question is......

Postby The Bart » Tue Dec 11, 2012 6:25 am

How much executive pay and compensation was "detoured" into this thievery?

http://finance.yahoo.com/news/hostess-m ... 00720.html
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Re: Of course the question is......

Postby Fredo » Tue Dec 11, 2012 7:21 am

Hostess had 115 different collective-bargaining agreements with employees represented by the bakers union. Each contract let those workers choose an amount of wages to direct to the pension plan.

This is a recipe for failure.
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Re: Of course the question is......

Postby Andyc » Tue Dec 11, 2012 7:37 am

The Bart wrote:How much executive pay and compensation was "detoured" into this thievery?

http://finance.yahoo.com/news/hostess-m ... 00720.html


Probably very little. But I am sure that people will be led to believe that it was all diverted for those purposes. It is not unusual for cash-strapped businesses to divert payroll and pension payments to try and keep the doors open.
Sarcasm:the ability to insult idiots without them realizing it
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