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View Diary: Hostess and union agree to mediation (52 comments)

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  •  I don't know why the trustee would not set aside (7+ / 0-)

    as a preference the compensation packages that were given to top executives, along wih the golden parachute of $1.95 million for the CEO. A number of buyers are probably salivating at the possiblity of paying bargain prices for the intellectual property rights, and infrastructure without the cost of the unions and previously agreed upon contractural rights of pensioners. You can call it whatever you want, but I think it's theft, plain old fashioned theft - theft by conversion, theft by taking, theft by receiving, theft by sudden snatching - what was done to the pension funds.

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