The talking heads on TV said that Hostess management had signed an agreement with the union to hold company contributions to the employee pension plan for 5 years while they "developed new products and upgraded their existing line." Instead, they tripled the pay for their executives. The concessions they wanted from the union was mainly to let them out of paying into the employees' retirement plan, as they agreed. That used to be called "Apache management," (apologies to any Native Americans) because some Cavalry officers claimed that the Apaches would ride a horse to death to outrun the Cavalry, then just get on another horse. I don't know if that ever actually happened--- most Native American cultures depended on their horses an awful lot to just ride them to death, I would think. Anyway, the Hostess situation is a goods example of the people at the top taking too big a slice of the pie and killing their own company. That's why they freaked out when the judge told them they could not pay the execs their bonuses as part of the bankruptcy.