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More about Hostess
Original post made
on Nov 29, 2012
I don't agree with the 1.8 million in bonuses Hostess is asking the court to approve (to give to some executives to oversee the closing of the company), but if you look at the pension related costs per month, the 1.8 million is nothing! (and the article only mentions the partial cost of retirees' pensions)
"The company, which stopped contributing to its pension plans last year, will also ask the court to allow it to stop paying additional retiree benefits of $1.1 million a month, Ignon said."
Full article (LA Times)
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