Send News. Want a reply? Read this. More in the FAQ.   News Forum - All Forums - Mobile - PDA - RSS Headlines  RSS Headlines   Twitter  Twitter
Customize
User Settings
Styles:
LAN Parties
Upcoming one-time events:

Regularly scheduled events

Out of the Blue

Football Thursday is upon us, and most of this week's games are in December, so things are getting serious. Sorry for posting late on Thanksgiving and making things difficult, here's the best I could do to piece together last week's results: Jivaro 11-5, Batman 10-5 (you can take that win from last week, but this time I'm not sure who the "Queens" are), Blue 10-6, Cutter 9-6, and Creston 8-5.

Here goes for this week: Saints, Bears, Texans, Patriots, Bills, Lions, Panthers, Packers, 49ers, Jets, Broncos, Ravens, Bengals, Browns, Cowboys, and Giants.

Serious Links: Thanks Ant and Acleacius.
Play: Feed Us 4.
Stories: Lohan Charged With Assault in NYC.
Science: How sensitive is the climate to added CO2?
U.S. Lagging in Modern-Day Space Race.
Media: New surveillance video shows F-18 crashing into apartments. Thanks nin.
Alfred Hitchcock's Movie Cameos.
How to Eat an Ear of Corn - Quickly!
The Funnies: Cat Breath Cartoon - Savage Chickens.
Follow-up: Data from the LHC suggest it may be producing a new type of matter. Thanks j.c.f.
Hostess to seek approval of executive bonuses. Thanks nin. Use the Twinkie defense!

Post Comment
Enter the details of the comment you'd like to post in the boxes below and click the button at the bottom of the form.

25. Re: Out of the Blue Nov 29, 2012, 13:23 Beamer
 
Bodolza wrote on Nov 29, 2012, 12:40:
Beamer wrote on Nov 29, 2012, 12:13:
"Executives" is the press' word, not Hostess. This is 19 people they consider vital...And I guarantee a few IT guys keeping the systems going.

Got anything to back that up?

"The company says the incentive pay is needed to retain the 19 corporate officers and "high-level managers" during the liquidation process, which could take about a year.

Two of those executives would be eligible for additional rewards depending on how efficiently they carry out the liquidation. The bonuses would be in addition to their regular pay.

The bonuses do not include pay for CEO Gregory Rayburn, who was brought on as a restructuring expert earlier this year. Rayburn is being paid $125,000 a month."


Unless you mean the IT part, and this money is going to the people deemed critical. At least one IT guy other than the CTO will be deemed critical.

And no, a court ordered appointee cannot do this as well. This is about selling Hostess. A court ordered appointee does not know the company or the business well enough to be a significant part of due diligence.
 
-------------
Music for the discerning:
http://www.deathwishinc.com
http://www.hydrahead.com
http://www.painkillerrecords.com
Reply Quote Edit Delete Report
 
Subject
Comment
     
 
      ;)   ;)   :(   :(   :o   :o   %)   %)   :)   :)   :|   :|   ;P   ;P   X|   X|   :D   :D   More
 
Login Email   Password Remember Me
If you have a signature set up, it will be automatically appended to your comment.
If you don't already have a Blue's News user account, you can sign up here.
Forgotten your password? Click here.
 
          Email me when this topic is updated.
 

Special Codes

  • b[bold text]b
  • i[italic text]i
  • u[underline text]u
  • -[strikethrough text]-
  • c[code text]c
  • +[bullet point]+
  • q[quote text (indented)]q
  • [quote="Author"]quote text (indented)[/quote]
  • [url=Link]text[/url]
  • r{red text}r
  • g{green text}g
  • b{blue text}b
  • m{maroon text}m
  • s{secret text (shows in the background colour)}s

Forum Rules

  1. Disagree all you want but attacks of a personal nature will not be tolerated.
  2. Ethnic slurs and homophobic language will not be tolerated.
  3. Do not post spam, links to warez sites, or instructions on how to obtain pirated software.
  4. Abusing the forums in any manner that could be construed as 'griefing' will not be tolerated.


footer

Blue's News logo