April 23, 2014

Breaking News:

Keyshawn Johnson Arrested -

Monday, April 21, 2014

Chris Brown’s Bodyguard Found Guilty -

Monday, April 21, 2014

Knicks Fire Mike Woodson -

Monday, April 21, 2014

Earthquake Shakes Mexico City -

Friday, April 18, 2014

Suspicious Packages Found At Boston Marathon -

Wednesday, April 16, 2014

200 Hundred Dead Or Injured In Bus Station Bombing -

Monday, April 14, 2014

Aldon Smith Arrested At LAX -

Sunday, April 13, 2014

Three Dead In Jewish Community Center Shooting -

Sunday, April 13, 2014

Stephen Colbert Named New Host Of The Late Show -

Thursday, April 10, 2014

UMass Guard Becomes First Openly Gay Player In D-1 Basketball -

Wednesday, April 9, 2014

Six Injured In High School Stabbings -

Wednesday, April 9, 2014

Active Shooter Reported At Portsmouth Naval Hospital -

Tuesday, April 8, 2014

Judge Rejects Request To Dismiss Chris Brown Case -

Monday, April 7, 2014

U.S. Pinger Locator Detects Signal -

Monday, April 7, 2014

Ship Detects Pulse Signal In Search Of Missing Plane -

Saturday, April 5, 2014

7.8 Aftershock Shakes Chile -

Thursday, April 3, 2014

Shooting Reported At Fort Hood -

Wednesday, April 2, 2014

5.8 Earthquake Strikes Off Coast Of Panama -

Wednesday, April 2, 2014

Tiger Woods Withdraws From The Masters -

Tuesday, April 1, 2014

North Korea, South Korea Exchange Fire Near Border -

Monday, March 31, 2014









Million Dollar Bonuses For Hostess Execs

( 4UMF NEWS ) Million Dollar Bonuses For Hostess Execs:

A federal bankruptcy judge finalized the liquidation of Hostess Brands on Thursday and approved a bonus plan for senior executives involved in the wind-down of the company.

Union representatives had opposed the plan, which offers $1.75 million in bonuses ranging from $7,400 to $130,500 for 19 executives, provided they meet certain benchmarks in managing the liquidation. But Judge Robert Drain said the plan was appropriate, citing testimony that it had been independently vetted and was below market value for firms in similar circumstances.

He said the liquidation would call for work “significantly beyond the type of jobs that [the executives] were doing at the start of this case,” and called the incentive plan “an exercise of proper business judgment.”

He noted that the over 3,000 rank-and-file employees assisting in the liquidation were also getting paid beyond their regular salaries, and that new Hostess CEO Greg Rayburn had ruled out a bonus for himself.

Drain declined to appoint an independent trustee to oversee the liquidation, saying it was not necessary but could be later if circumstances change.

Source