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To: matt04
I'm seeing posts on Facebook about how the Hostess executives got 60-100% raises while the company was mired in bankruptcy and still got raises before they closed. I don't know how true this is or if it is a complete fabrication.

Anybody know more?

125 posted on 11/19/2012 3:33:53 AM PST by 3catsanadog (No more blaming Bush, Obama-now you inherited the mess you made.)
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To: 3catsanadog

Hostess is actually run by big-time Democrat Tim Collins of vulture-capitalist Ripplewood Holdings, who relies on former House Majority Leader Dick Gephardt.

Hostess has $2 billion in unfunded pension liabilities and was bankrupt a few years ago too.

Hostess execs were making ONE DOLLAR per year until recently. Dick Gephardt’s son is on the Board of Directors of Hostess.


126 posted on 11/19/2012 3:57:06 AM PST by jjotto ("Ya could look it up!")
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