On Thursday, as part of a plan to liquidate the company and lay off 18,000 workers, a federal judge in White Plains, N.Y., approved paying 19 Hostess executives bonuses totaling $1.8 million.<quoted text>
Rewarding those who do nothing? Much like giving a CEO a bankruptcy bonus?
Rewarding failure is not exclusive to those who haven't had the chance to bankrupt a company. Though when you can afford to buy those who will stop reform life can be much easier.
The decision comes as the company, known for its iconic snack cakes like Ho Hos and Ding Dongs, says it doesn't have enough cash on hand to pay retirement benefits to some former employees.