Don’t Worry, Hostess Executives Will Apparently Still Get Bonuses

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Photo: Scott Olson/Getty Images

Oh, Hostess: Yes, all of the company’s assets will be liquidated and almost all of the company’s employees are without jobs, but in a move that is sure to draw ire, the company asked a bankruptcy judge to approve a move that would give its top executives $1.8 million in bonuses. And, according to CNBC, that judge did, in fact, approve it.

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Photo: Scott Olson/Getty Images

According to the AP, Hostess says the bonuses are necessary to keep nineteen corporate officers and managers who will oversee the company’s year-long liquidation process. (The bonuses are in addition to their regular pay.) Per the same report, CEO Gregory Rayburn won’t be eligible for a bonus, but will continue to earn $125,000 a month. No word on potential compensation for Twinkie the Kid.

[CNBC/Twitter]
TWINKIES MAKER HOSTESS HAS PLENTY OF SUITORS [AP]

Earlier: Twinkies Takeover? Tastykake Maker Is Top Contender to Bid for Hostess