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View Diary: Hostess took workers' pension money to fund itself (158 comments)

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  •  How much in bonuses? (1+ / 0-)
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    nextstep

    1.7 million dollars?

    We could probably scrounge that up by sifting through the sock drawer considering that the pension fund is owed $1 billion dollars and other creditors are probably owed similar amounts.

    Frankly, paying those bonuses is probably a good deal for the pension fund considering the people involved (the only people knowledgeable about the business) can just quit. At that point, the pension fund's overall recovery will be sharply reduced, by a lot more than $1.7 million.

    (-5.50,-6.67): Left Libertarian
    Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

    by Sparhawk on Mon Dec 10, 2012 at 07:54:02 PM PST

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    •  Bull. TheCeo said he knew nothing about it (0+ / 0-)

      the ones that knew took their cash and ran.  No the bonuses were not a good deal.

      I'm asking you to believe. Not in my ability to bring about real change in Washington ... *I'm asking you to believe in yours.* Barack Obama

      by samddobermann on Tue Dec 11, 2012 at 03:35:04 AM PST

      [ Parent ]

    •  Yep, another case of economic blackmail (0+ / 0-)

      The rich hold the money of the workers hostage, again and again.

      The revolution will not be televised. But it will be blogged, a lot. Probably more so than is necessary.

      by AoT on Tue Dec 11, 2012 at 09:17:11 AM PST

      [ Parent ]

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