While Hostess was trying to cut Baker's pay by 8% and benefits by 32%, their CEO gave himself a 300% raise. Nine Hostess executives received 60% to over 100% raises, while filing for their second bankruptcy. Meanwhile, they stopped paying into the employees' pension, owing them over $160,000,000. If you don't believe this is right, please sign my petition.
Why is this important?
It's all about greed. It's time the CEO's hurt when the company hurts. No more golden parachutes.
