The company wanted them to take an 8% cut and drop the pension plan, while top Twinkie execs were seeing their pay packages tripled. So I suppose you would have just let them? In retrospect, the company wanted the bankruptcy to offload their pension liabilities, then reinvest Romney-like, in other ventures.
Re: “At the Hostess Plant”
The company wanted them to take an 8% cut and drop the pension plan, while top Twinkie execs were seeing their pay packages tripled. So I suppose you would have just let them? In retrospect, the company wanted the bankruptcy to offload their pension liabilities, then reinvest Romney-like, in other ventures.