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The Defination of ...

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Old Nov 29, 2012 | 11:11 AM
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irocpractice's Avatar
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The Defination of ...

CHUTZPAH ='s unbelievable gall; insolence; audacity

I say pay them the bonus....in TWINKIES !

Hostess to seek approval for executive bonuses
Hostess to seek approval for executive bonuses, liquidation plan
Associated PressAssociated Press – 3 hours ago



NEW YORK (AP) -- Hostess Brands Inc. plans to ask for a judge's approval Thursday to give its top executives bonuses totaling up to $1.8 million as part of its wind-down plan
s.

The maker of Twinkies, Ding Dongs and Ho Hos says the incentive pay is needed to retain the 19 managers during the liquidation process, which could take about a year. Two of those executives would be eligible for additional rewards depending on how efficiently they carry out the liquidation.

Hostess is also seeking final approval for its wind-down, which was approved on an interim basis last week.

The process includes the quick sale of its brands, which also include Wonder Bread. Hostess says it has received a flood of interest in the brands.

The company's bankruptcy means loss of about 18,000 jobs.
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Old Nov 29, 2012 | 04:09 PM
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Originally Posted by irocpractice
Twinkies, Ding Dongs and Ho Hos.
Sounds like they listed all the top executives by name in the article.
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Old Nov 29, 2012 | 11:19 PM
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I have always carried out my duties and tasks pretty darn efficiently and yet have never rec'd any bonuses...what gives?
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Old Dec 2, 2012 | 11:35 AM
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Originally Posted by SIXSLUG
I have always carried out my duties and tasks pretty darn efficiently and yet have never rec'd any bonuses...what gives?
You haven't done a poor enough job managing a company that it ended up going bankrupt... Seems to me that's how one gets a rather large bonus these days.
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