Another Twinkie Defense

Hostess In the process of complete liquidation, Hostess essentially admits it robbed the pensions of 18,000 unionized workers and put it toward executive pay for winding down the company. According to AlterNet,

Just last month, a judge agreed to let Hostess executives suck another $1.8 million out of the bankrupt company to pay bonuses to CEOs.

Read the expose, Twinkie CEO Admits Company Took Employees Pensions and Put It Toward Executive Pay.

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