Pension Benefit Guaranty Corporation

Another Pension Bites the Dust: A Lesson from Hostess' Bankruptcy

When Hostess Brands entered bankruptcy liquidation, it became the latest in a long list of companies to kill its pension plan. And while the existing retirees may still be protected by the government's Pension Benefit Guaranty Corporation, younger Hostess employees won't be so lucky.

Bankruptcy Bonuses: Another Way Execs Cheat Workers, Taxpayers

If you thought the sordid tales of bankers at bailed-out Wall Street firms getting big bonuses were bad, consider this: At Hawker Beechcraft, executives may get paid millions in bonuses for driving the company into bankruptcy and looting its pension fund.