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Twinkie CEO Admits Company Took Employees Pensions and Put It Toward Executive Pay | Alternet:
"According to a report by the Wall Street Journal , Hostess’ CEO, Gregory Rayburn, essentially admitted that his company stole employee pension money and put it toward CEO and senior executive pay (aka “operations”).
While this isn't technically illegal, it's another sleazy theft by Hostess executives - who've paid themselves handsomely while running their company into the ground. Just last month, a judge agreed to let Hostess executives suck another $1.8 million out of the bankrupt company to pay bonuses to CEOs. "
Why most Californians have soured on the American Dream
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*Seventy percent of the state’s residents think kids in the state will be
financially worse off than their parents.*
*By Mark Kreidler for Capital & Main...
2 hours ago
