Here's an excerpt from the link firebrand posted above:
"Hostess Brands Inc., in the midst of winding down its business, won approval Thursday from a federal bankruptcy judge to give as much as $1.75 million in bonuses to its executives.
The money is intended as an incentive for 19 top-level managers to remain with the Twinkies and Ding Dongs maker to oversee its liquidation.
The payouts will be granted only if managers "achieve a set of specific tasks and goals within a specified time frame that are designed to speed and lower the cost of the wind-down," Hostess spokesman Lance Ignon said.
The maximum bonus amount, Ignon said, represents 0.07% of Hostess' revenue and 0.17% of the value of its assets and is below the average for bonuses in comparable bankruptcy cases. Hostess Chief Executive Greg Rayburn would be not be eligible for a bonus, Ignon said."
BTW, Those are the first 4 paragraphs. It's $1.75 million spread across 19 managers, and contingent on specific goals regarding the wind-down. Additionally, the CEO doesn't qualify for a bonus.
Not sure if that was supposed to change my mind but it does not. It seems times have changed since the last time I dealt with a trustee overseeing a company reorganization. Admittedly it has been a long time.