hostess is closing due to strikes ?

[nynco]

Hostess Blames Union For Bankruptcy After Tripling CEO’s Pay

BCTGM members are well aware that as the company was preparing to file for bankruptcy earlier this year, the then CEO of Hostess was awarded a 300 percent raise (from approximately $750,000 to $2,550,000) and at least nine other top executives of the company received massive pay raises. One such executive received a pay increase from $500,000 to $900,000 and another received one taking his salary from $375,000 to $656,256.

http://thinkprogress.org/economy/201...all/?mobile=nc

What you are seeing is greedy wallstreet fucks breaking the backs of middle class union workers so they can force more Americans to work for slave wages. Nothing but pure greed. The type that is destroying this nation over the long haul.

[Richard K]

Hostess Blames Union For Bankruptcy After Tripling CEO’s Pay

BCTGM members are well aware that as the company was preparing to file for bankruptcy earlier this year, the then CEO of Hostess was awarded a 300 percent raise (from approximately $750,000 to $2,550,000) and at least nine other top executives of the company received massive pay raises. One such executive received a pay increase from $500,000 to $900,000 and another received one taking his salary from $375,000 to $656,256.

http://thinkprogress.org/economy/201...all/?mobile=nc

What you are seeing is greedy wallstreet fucks breaking the backs of middle class union workers so they can force more Americans to work for slave wages. Nothing but pure greed. The type that is destroying this nation over the long haul.

AHHH, I see, it's the fault of the 1% again! (sarcasm) I see it as a case of workers cutting off their nose to spite their face.

[rondog]

Already getting those Hostess trucks repainted.....

[nynco]

No more like the company executives running it into the ground while stealing all the money. They then pawn the pension obligation onto the taxpayers (meaning YOU AND I now pay) and then fire everyone. This use to be illegal to do this with pension obligations. But thanks to pension deregulation, its standard business practice. The Airlines did it before and you and I pick up the tab while the CEO loots the company. Its nothing more than union busting and attacking the workers. The workers took a over 25% loss in pay over the last 10 years. The CEO jerks tripled their pay and you want to blame the union?

[JM Ver. 2.0]

No more like the company executives running it into the ground while stealing all the money. They then pawn the pension obligation onto the taxpayers (meaning YOU AND I now pay) and then fire everyone. This use to be illegal to do this with pension obligations. But thanks to pension deregulation, its standard business practice. The Airlines did it before and you and I pick up the tab while the CEO loots the company. Its nothing more than union busting and attacking the workers. The workers took a over 25% loss in pay over the last 10 years. The CEO jerks tripled their pay and you want to blame the union?

I blame... Awe fuck it, I don't have anyone to blame...

[Danimal]

There are some interesting points here. First off I wonder where the salary numbers given above come from, because they have no legal obligation to disclose compensation for executives. So where did those numbers come from? Second, they had a work force of 32,000 people in 2004 when the originally applied for bankruptcy and they have been steadily closing factories and cutting jobs for the better part of a decade. Could this possibly coincide with the health craze and demonetization of unhealthy food? If you have a company that is cranking out money making a profit, why would you dismantle it? The answer is that you wouldn't. It was going under for some time now and there was nothing that anyone could do about it. They have been privately bought out by other corporations twice since the company filed for chapter 11 the first time and hundreds of millions have been sunk into making it work.

Some of you are saying that it is corporate greed that is sinking it. Funny, it is a publicly traded corporation that has to abide by all the same corporate finance rules that have been put in place since Enron. They cant dismantle it for profit, only to recoup their losses that the companies that bought the debt incurred when the company failed.

Some of you are saying that it was the unions. Unions had a place in our society, and if they are set up right can ensure a major corporation that is doing well is not abusing its workers. That still stands. But what happens when you have a company that is failing? What can a union boss do when the people that you are seeking to protect are producing a product that fewer and fewer people are buying? Nothing, and in fact fighting for wages to stay high will only speed up the inevitable. It is not that the unions killed the company, they just made it happen now instead of three months from now.

If you want to blame anyone blame Michelle Obama and all her health food crap that she has been doing. Blame BO for sinking our country to the point where people dont have money to waste on Twinkies. The company was failing, no one buys Twinkies when they are broke. No one goes out of their way to but them because lets face it, if you are a health conscious person, you know that there is nothing good about them.

[JM Ver. 2.0]

There are some interesting points here. First off I wonder where the salary numbers given above come from, because they have no legal obligation to disclose compensation for executives. So where did those numbers come from? Second, they had a work force of 32,000 people in 2004 when the originally applied for bankruptcy and they have been steadily closing factories and cutting jobs for the better part of a decade. Could this possibly coincide with the health craze and demonetization of unhealthy food? If you have a company that is cranking out money making a profit, why would you dismantle it? The answer is that you wouldn't. It was going under for some time now and there was nothing that anyone could do about it. They have been privately bought out by other corporations twice since the company filed for chapter 11 the first time and hundreds of millions have been sunk into making it work.

Some of you are saying that it is corporate greed that is sinking it. Funny, it is a publicly traded corporation that has to abide by all the same corporate finance rules that have been put in place since Enron. They cant dismantle it for profit, only to recoup their losses that the companies that bought the debt incurred when the company failed.

Some of you are saying that it was the unions. Unions had a place in our society, and if they are set up right can ensure a major corporation that is doing well is not abusing its workers. That still stands. But what happens when you have a company that is failing? What can a union boss do when the people that you are seeking to protect are producing a product that fewer and fewer people are buying? Nothing, and in fact fighting for wages to stay high will only speed up the inevitable. It is not that the unions killed the company, they just made it happen now instead of three months from now.

If you want to blame anyone blame Michelle Obama and all her health food crap that she has been doing. Blame BO for sinking our country to the point where people dont have money to waste on Twinkies. The company was failing, no one buys Twinkies when they are broke. No one goes out of their way to but them because lets face it, if you are a health conscious person, you know that there is nothing good about them.

Don't you ever talk about Twinkies like that again! Twinkies are amazing!

[TEAMRICO]

Gee, where are these highly skilled TWINKIE BAKERS going to go after all the college and special training they have dedicated their lives to?
I'm sure all of them were American born full blooded American Citizens too........

Unions.....nuff said.

Ooh yeah.....hail Dear Leader....

[jerrymrc]

Gee, where are these highly skilled TWINKIE BAKERS going to go after all the college and special training they have dedicated their lives to?
I'm sure all of them were American born full blooded American Citizens too........

Unions.....nuff said.

Ooh yeah.....hail Dear Leader....

I saw some video on the striking workers and a few things came to mind. The first was they really loved there Twinkies..... And the second, well I plead the 5th.

[Irving]

Hey, what's $2,900,000 divided by 18,000 employees?

People make fun of Bimbo, but they are the largest bakery in the world. They own Wonder Bread, Sara Lee, Entenmann's, Mrs. Baird's, Orowheat, Stroehmann's, Thomas', and Tia Rosa; to name a few.

American's can't take it seriously because of the way it is spelled, but since it is a Spanish word, it is actually pronounced, Beem-bo.