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View Diary: Hostess CEO Received 300% Raise Before Bankruptcy (86 comments)

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  •  I'm not really sure how (0+ / 0-)

    to legislate what owners can do to their own companies.  If shareholders decide to sell out to Bain-style vulturists, then that is their right.  They have the right to set their own salaries, and run the company into the ground if they want.

    I don't see how you could legislate telling a business owner who they can or can't sell their business to, or how to manage their debt and capital....

    There really has to be a way though...

    "Mediocrity cannot know excellence." -- Sherlock Holmes

    by La Gitane on Sun Nov 18, 2012 at 12:29:24 PM PST

    [ Parent ]

    •  Bankruptcy trustees have a LOT of power... (0+ / 0-)

      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 Wed Nov 21, 2012 at 11:41:47 AM PST

      [ Parent ]

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