| Courts |

Hostess Executives Want to Give Themselves a $1.8 Million Bonus

Keep Dallas Observer Free
I Support
  • Local
  • Community
  • Journalism
  • logo

Support the independent voice of Dallas and help keep the future of Dallas Observer free.

In recent months, Hostess' corporate leaders have struggled valiantly to save the Twinkie. That they didn't succeed goes to show not that the company utterly failed to adapt to a changing market but that they simply couldn't overcome the mighty power of a union bent on destroying an American icon. (Or not).

It's only fitting, then, that those leaders should be rewarded for their tireless work, and that's exactly what Hostess hopes to do. In a filing in federal bankruptcy court, the company asked permission to provide $1.8 million in bonuses to 19 top-level executives.

It's just a teensy sliver of Hostess' revenue and, as Hostess spokesman Lance Ignon explained to the Los Angeles Times, those are talented, hard-working individuals who might seek other jobs if not given an incentive to stay.

And those people are vital to help wind the company down and deal with the 100-plus bidders vying for a piece of the company, unlike those 15,000 rank-and-file employees who were given the boot.

Update: The judge approved the bonuses.

Keep the Dallas Observer Free... Since we started the Dallas Observer, it has been defined as the free, independent voice of Dallas, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Dallas with no paywalls.

We use cookies to collect and analyze information on site performance and usage, and to enhance and customize content and advertisements. By clicking 'X' or continuing to use the site, you agree to allow cookies to be placed. To find out more, visit our cookies policy and our privacy policy.


Join the Observer community and help support independent local journalism in Dallas.


Join the Observer community and help support independent local journalism in Dallas.