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.
By Hannah Sayle, Chris Herrington, Chris Shaw, Louis Goggans, Greg Akers and Bruce VanWyngarden
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