Los Angeles Business Journal

Hostess Wants Bonuses for Execs, Cuts for Retirees

Thursday, November 29, 2012

Hostess Brands Inc. plans to ask for a judge's approval Thursday to give its top executives bonuses totaling up to $1.8 million as part of its liquidation plans, the Associated Press reports. Bloomberg News says in its story that the defunct maker of Twinkies and Wonder Bread also claims it need to cut $1.1 million a month in retiree benefits.