There should have been no pay raise for management unless and until the pensions were fully funded. What Hostess did was immoral. If hourly workers are asked for givebacks, that same request should be made of management.
In a perfect world, perhaps. But this isn’t it, so your point is invalid since the executive compensation changes had basically no effect on this outocome.
In a perfect world, perhaps. But this isn’t it, so your point is invalid since the executive compensation changes had basically no effect on this outcome.
http://reason.com/blog/2012/11/19/who-killed-hostess
“According to David A. Kaplan at Fortune, who wrote a lengthy and extremely fascinating look at Hostess’ financial situation back in July, many of those raises were proposed but never actually happened. In fact, the new CEO brought in earlier this year dropped the salaries for four top executives to $1 for the remainder of the year.”