, JohnAskew wrote

Hostess is seeking permission from Drain to pay bonuses to key managers while closing operations that will leave most of its 18,500 workers unemployed.

Loot and scoot.

I do not follow. The allegation is that the private equity firm that owns hostess wants to give money to key employees out of some honor amoung thieves loyalty arrangement? Why not just accept the obvious. The owners need key people ( programmers? ) to stay with the company despite knowing they will be unemployed at a certain time in the near future