Twinkies may not last forever after all.

[PsychoViking]

Same old, same old. The management team of this company is a real mess, just like every other part of it.

http://finance.yahoo.com/news/hostes...125545163.html

Hostess to seek approval for executive bonuses

NEW YORK (AP) -- Hostess Brands Inc. plans to ask for a judge's approval Thursday to give its top executives bonuses totaling up to $1.8 million as part of its wind-down plans.

The maker of Twinkies, Ding Dongs and Ho Hos says the incentive pay is needed to retain the 19 managers during the liquidation process, which could take about a year. Two of those executives would be eligible for additional rewards depending on how efficiently they carry out the liquidation.

[Superbelt]

They worked really hard to disintegrate an 82 year old American icon. That deserves something.

[PsychoViking]

Clearly they need to be retained because of their impressive track record, same as the last 5 or 6 impressive groups of managers that failed there. They deserve their bonuses while everyone else deserves nothing.

[PatsFan2003]

Well they are rich so that automatically makes them more worthy doesn't it?

[Hyped]

To be fair, liquidation is a lengthy process...believe me...I know. And they have to retain people on board who know they won't have a job in a year...usually they double up the salaries to keep people on board. This is standard practice for liquidation and/or when a company relocates, but some management personnel do not want to relocate....or a company gets bought out.

[PatsFan2003]

To be fair, liquidation is a lengthy process...believe me...I know. And they have to retain people on board who know they won't have a job in a year...usually they double up the salaries to keep people on board. This is standard practice for liquidation and/or when a company relocates, but some management personnel do not want to relocate....or a company gets bought out.

That is all true and there's always money to do that right. ;^)

[ctc]

Ugh, its good to see that you are still a clown.

They have the same choice everyone else does - stay on the job and fix the company or jump ship.

Here's a clue on how the world works, something you might be able to relate to.

Your football team is in rebuilding mode. They want/need a top line quarterback. They'd like to sign Brady. Do you really think Brady (or any other top line qb) is going to come to a rebuild (or stay through a rebuild) for the same thing he could get by staying with the Pats or moving to a contender?

[DonMan]

Here's a clue on how the world works, something you might be able to relate to.

Your football team is in rebuilding mode. They want/need a top line quarterback. They'd like to sign Brady. Do you really think Brady (or any other top line qb) is going to come to a rebuild (or stay through a rebuild) for the same thing he could get by staying with the Pats or moving to a contender?

Even that analogy is being generous. A more accurate analogy would be trying to get a few star players to stick around and play for a team that had already announced it was folding.

Considering these bonuses averaged less than $100K, and had to be approved by a judge, I don't see what the big deal is here.