It sounds like the Hostess execs wanted to squeeze all the money they could out of the company before they filed for bankruptcy.
you are on the wrong board....perhaps you should head over to Du where they would appreciate your dumb comment
“It sounds like the Hostess execs wanted to squeeze all the money they could out of the company before they filed for bankruptcy.”
It was their company... they could have as easily just shut it down - but they gave the unions a choice.
I wouldn’t be surprised when someone else buys the brands - it won’t be a union shop any mo.....
unless it can be shown that any “bonuses” were contractual, based on longevity or something like that -— what you assume happened would be criminal fraud -— you cant suck money out in anticipation of bankruptcy and get away with it.