“I read somewhere that they are seeking permission to give out a treasure chest of bonuses as they go bankrupt.”
OK, you’ve made the allegation, now give us the site, or are you just stirring some pot?
It was on Drudge yesterday. It comes up as the first result if you put "Hostess" into Google.
From the fourth paragraph of the article: "Hostess seeks approval in U.S. Bankruptcy Court in the Southern District of New York in White Plains, N.Y. to give its top executives bonuses totaling up to $1.8 million as part of its wind-down plans."