"I cannot accept, your canon that we are to judge pope and king unlike other men, with a favorable presumption that they do no wrong. If there is any presumption, it is the other way against holders of power....Power tends to corrupt, and absolute power corrupts absolutely." ~ Lord Acton
Former Hostess Twinkies CEO Tripled Salary to $2.5m While Preparing to File Bankruptcy
Hostess Twinkies’ former CEO tripled his salary earlier this year to $2.55 million while the company knew it was heading towards bankruptcy, according to a statement by the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union.
And a number of top executives reportedly saw massive pay raises, some nearly doubling their salary. And now the new CEO is blaming the unions for the company’s demise.
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