Amid bankruptcy, Hostess requests bonuses

Hostess execs request bonuses

NEW YORK - The maker of Twinkies , Ding Dongs and Ho Hos says the incentive pay is needed to retain the 19 managers during the liquidation process, which could take about a year. Two of those executives would be eligible for additional rewards depending on how efficiently they carry out the liquidation. 

 
Hostess is also seeking final approval for its wind-down, which was approved on an interim basis last week.
 
The process includes the quick sale of its brands, which also include Wonder Bread. Hostess says it has received a flood of interest in the brands.
 
The company's bankruptcy means loss of about 18,000 jobs.
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