Thursday, November 29, 2012

taking on the Hostess compensation

when I saw a blazing headline in today's Daily News about the huge pay compensation being received by 19 executives at Hostess as the company lays of 18,000 workers I was angered.

Not angered because of the pay package but angered at the ridiculousness of the faux outrage.

The 19 executives would be receiving a compensation of $1.8 million dollars in bonuses which the company claims was necessary to keep them on during the liquidation process.  I'm not going to argue whether this was necessary but rather that the total amount per person is hardly something to really make a stink out of

What pissed me off was that this comes out to a whopping $94,736 per executive which is hardly outlandish especially considering the process could take a year or so, hardly the 1% the Occupy Wall Street rallied against.     If paying somebody less than $100k for this work brings national outrage then I'd like to see what happens the next time Goldman or Morgan Stanley sends one of their execs off with a golden parachute of $100 million dollars




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