Jessie Lin

How can the Hostess Twinkies CEO triple his salary while filing for bankruptcy at the same time? And even worse, blaming the union workers for his failure?

As people are frenzying over the discontinuation of the good old Twinkies snacks, perhaps not a whole lot have paid attention to its CEO  and his tripled salary of $2.55 million. In response to Chris in Paris’s blog on the America Blog, I think it is critical for consumers to have the chance to witness this side of the news.

In our society today CEOs are often seen as “Gods and Goddesses.” Corporates pay them insane amounts apparently expecting some Steve Jobbs magic. This is usually not the case, however, and many examples of failures are present. While only the 1% are by their own set of rules, the rest of the people are often being exploited, vulnerable and defenceless.

Something has to be done. It is ridiculous what CEOs are able to do these days and someone has got to stop them (just like the Tea Party example mentioned in Chris’s blog). The government can demand moderate salaries for executives in companies that receive federal fundings or subsidies. And if a company does not have any form of funding from the government, it can qualify by providing a specified executives’s salaries summary to the government.

http://americablog.com/2012/11/hostess-twinkie-ceo-salary.html