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View Diary: RIP: Hostess Brands, 1925-2012 (66 comments)

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  •  I suspect Hostess execs never intended to save... (3+ / 0-)
    Recommended by:
    Ice Blue, JayC, ladybug53

    the company. Given that they had a whole shutdown website ready to go this morning, they've been planning this shutdown for a while. And sometime today, they'll probably hit the bankruptcy courts with hundreds of pages of new filings... They can't produce that overnight!

    •  One can hope that "clawback" will recapture (1+ / 0-)
      Recommended by:
      ladybug53

      the significant executive "raises" (exit overcompensation, methinks) recently enacted.

      Bankruptcy Trustees aren't usually kind to those who "raid the coffers" before the enterprise goes bust - hopefully, more so if they believe the bankruptcy was filed in bad faith.

      For a better America, vote the GOP out of office whenever and wherever possible and as soon (and as often) as possible!

      by dagnome on Fri Nov 16, 2012 at 10:26:00 AM PST

      [ Parent ]

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