Twinkie CEO Admits Company Took Employees Pensions and Put It Toward Executive Pay | Alternet

Twinkie CEO Admits Company Took Employees Pensions and Put It Toward Executive Pay | Alternet "According to a report by the Wall Street Journal , Hostess’ CEO, Gregory Rayburn, essentially admitted that his company stole employee pension money and put it toward CEO and senior executive pay (aka “operations”). While this isn't technically illegal, it's another sleazy theft by Hostess executives - who've paid themselves handsomely while running their company into the ground."