Executives, Executive Bonuses | featured news

Only days after being unable to work things out with a striking union, and forcing us all to devour faux Twinkies for our creamy, spongy sugar fix, the folks at Hostess Brands Inc. are asking for a bankruptcy court to approve up to $1.8 million in bonus payments to top executives.

Executives at MF Global wouldn't appear to be model candidates for bonuses.

The federal regulator for Fannie Mae and Freddie Mac said it would eliminate performance-based bonuses for senior executives at the two mortgage-finance firms.

Goldman Sachs said its top 30 executives won't receive a cash bonus for 2009 and that shareholders will be given an advisory vote on executive pay.

How far to go in limiting bankers' bonuses looms as one of the toughest issues at this week's summit of world leaders in Pittsburgh, with clear differences between the U.S. and Europe.