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Union Wins! Hostess Out of Business
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<blockquote data-quote="Catatonic" data-source="post: 1056745" data-attributes="member: 7966"><p>The Board most likely gave these top executives these raises in anticipation of executing the shutdown of the company.</p><p>As a shareholder or worker, when a troubled company's BOD increases top pay, that is a sign that these executives are being charged to shut the company down (and put themselves out of a job).</p><p>This is good common sense actions by the BOD encouraging the top executives to act in "enlightened self-interest" in the interests of the shareholders.</p><p></p><p>BTW - the BOD determines top executive (Management Committee) compensation ... the executives do not give themselves raises.</p></blockquote><p></p>
[QUOTE="Catatonic, post: 1056745, member: 7966"] The Board most likely gave these top executives these raises in anticipation of executing the shutdown of the company. As a shareholder or worker, when a troubled company's BOD increases top pay, that is a sign that these executives are being charged to shut the company down (and put themselves out of a job). This is good common sense actions by the BOD encouraging the top executives to act in "enlightened self-interest" in the interests of the shareholders. BTW - the BOD determines top executive (Management Committee) compensation ... the executives do not give themselves raises. [/QUOTE]
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