*Hostess has just laid off more than 18,000 people in their liquidation and bankruptcy of their near 90-year old company, yet it appears that SOME made out like fat rats in the deal.
Speaking of rats, Hostess executives will receive bonuses because they claim that they did a good job “meeting certain budget goals during the liquidation,” according to the Associated Press.
The bonuses for 19 of these execs total $1.8 million and it does not include the compensation for the CEO. (more…)
More Recent News
New Study Suggests Technology Is Causing Lower Test Scores and Attention Span
Jokey Joke: ‘Don’t Whoop Me! I Can’t Take It Anymore!’ (Video)
Filmmaker Profiles ‘Joe the Barber’ for Providing Free Haircuts for Homeless for 25 Years (Video)
Uni-Ball Apologizes to NewsOne Writer And Drops Racist Ad for Pen Once Exposed (Video)
Jay Harris Loses Scholarship to Michigan State with Rap Video Posted on YouTube (Video)