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.]
Natural law. Sons are put on this earth to trouble their fathers.
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.]
The unions didn't kill the Twinkie. It was Michelle Obama. She got tired of having to look at all the fat people, so she had her baby daddy pull some strings, and that was the end of Hostess. Word on the street is that the soda industry is next....
Sent from an outhouse
"We, the people, are the rightful masters of both congress and the courts - not to overthrow the constitution, but to overthrow men who pervert the constitution." Abraham Lincoln
The unions didn't kill the Twinkie. It was Michelle Obama. She got tired of having to look at all the fat people, so she had her baby daddy pull some strings, and that was the end of Hostess. Word on the street is that the soda industry is next....
Sent from an outhouse
They been trying for years. Coke has more than a few politicians in their pocket. I'm sure Pepsi does as well
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