Hostess Diverted Pension Money to Run Business

Bakers union was fuming over move

By Neal Colgrass,  Newser Staff

Posted Dec 10, 2012 6:07 PM CST

(Newser) – For months, Hostess diverted funds intended for employee pensions and used that money to help run the sagging business, the Wall Street Journal reports. It's not clear how much workers lost, and experts say it probably wasn't illegal, but Hostess CEO Gregory Rayburn...   Read full story »

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