Corporate Accountability and WorkPlace  
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Twinkie CEO Admits Company Took Employees Pensions and Put It Toward Executive Pay

Hostess company continues to screw over its workers.

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This article originally stated that taxpayers would have had to foot the bill for the lost pension funds through the Pension Benefit Guaranty Corp. (PBGC), but in fact PBGC does not receive taxpayer funds on an annual basis. It has been corrected to say that the PBGC will pay out a portion of the lost pension funds, and that the rest of the missing funds will not be recovered by the workers.

Thom Hartmann is an author and nationally syndicated daily talk show host. His newest book is "The Crash of 2016: The Plot to Destroy America — and What We Can Do to Stop It."

 
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