Hostess may live yet
Check out what some of the corporate execs gave themselves for raises recently after stock posting 88% drop! Lousy #@!x*&#@!
Here you go
These people are the ones that felt they deserved a raise,know any of them?
Pay Increases
For Some
As the Company Slowly Goes Under
As the company was asking for more givebacks from workers, a group of creditors said in court papers that the company may have manipulated its executives salaries higher in the months leading up to its Chapter 11 filing, again according to the WSJ. According to the creditors court filing, the following Hostess executives saw substantial salary increases in July 2011:
Brian Driscoll, CEO, from around $750,000 to $2,550,000
Gary Wandscheider, EVP, $500,000 to $900,000
John Stewart, EVP, $400,000 to $700,000
David Loeser, EVP, $375,000 to $656,256
Kent Magill, EVP, $375,000 to $656,256
Richard Seban, EVP, $375,00o to $656,256
John Akeson, SVP, $300,000 to $480,000
Steven Birgfeld, SVP, $240,000 to $360,000
Martha Ross, SVP, $240,000 to $360,000
Rob Kissick, SVP, $182,000 t0 $273,008
[Note: The WSJ article observes that some executives did not take the full raise.]
