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18. Re: Out of the Blue Nov 29, 2012, 12:13 Beamer
The whole point is you need them to stick around to the end. Yes, you can gamble that they won't be able to find jobs in time, but the basic point is that these positions are vital to the upcoming transition, and you cannot afford they leave.
You need to guarantee they stay.

"Executives" is the press' word, not Hostess. This is 19 people they consider vital. The CEO is sadly probably one. CFO. CTO. CMO. A bunch of Operations and Management people. And I guarantee a few IT guys keeping the systems going.

"Stay motivated" is bad terminology, I agree. But again, it isn't motivated to do their job, it's motivation to stick with their job. Again, I completely agree this company was run into the ground by raiding and by bad management, but it needs to be sold. There's no other option. Part of those proceeds will go towards the pension fund. You want to make sure you get the best deal possible, and that won't happen if you don't have the key decision makers available to help that transition. That's needed any time a company is purchased. You need someone running reports, then explaining reports and decisions, otherwise the buying company will feel they don't have a clear idea of the business, will rightly perceive that as risk, and will lowball their offer based upon that risk.

Keeping these guys around will cost $1.8MM to make sure they won't flee. But the expertise they will offer companies looking to purchase, even if flawed, will raise the buying price considerably.
Music for the discerning:
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