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Thread: Hostess threatens to lay off 18,000 employees unless strike ends[W:521]

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    re: Hostess threatens to lay off 18,000 employees unless strike ends[W:521]

    Quote Originally Posted by RepublicanMcDuc View Post
    Just as the ATC did during Reagan, these people played "all in" and lost. Sometimes people really aren't bluffing.
    Hostess was going under, regardless. After all that has come out about the venture capitalists that Mafia-style busted-out that company, it's amazing to see any rational, well-informed person is still pushing the Union meme.

    And ATC? Tons of people are retiring now, the ATC system has a real big problem with staffing issues. Karmic payback and all that.

    Oh, look, the ATC shortage problem persists even in 2012!

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    Hostess threatens to lay off 18,000 employees unless strike ends

    Quote Originally Posted by Zalatix View Post
    Hostess was going under, regardless. After all that has come out about the venture capitalists that Mafia-style busted-out that company, it's amazing to see any rational, well-informed person is still pushing the Union meme.

    And ATC? Tons of people are retiring now, the ATC system has a real big problem with staffing issues. Karmic payback and all that.

    Oh, look, the ATC shortage problem persists even in 2012!
    The mayor of Philly hated venture capitalists too until they saved two area refineries.

    I'm sorry these people are out of work, you are just glad you can try to score points with the issue. Yeah for you!
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    re: Hostess threatens to lay off 18,000 employees unless strike ends[W:521]

    Quote Originally Posted by Zalatix View Post
    18,000 people became unemployed because of vulture capitalists, not unions. You're well played, alright. As in played out.

    I voted Democrat. Which means I voted toward a socialist takeover of America. What were your feelings when you saw that both Ron Paul and Mitt Robbedme lost and the Democrats made big gains? Hmmm? We're taking over. The demographics show that the group that supports Republicans is in decline. Even Asians are proving to be in favor of Government help in some cases Now that's gotta sting.
    18000 people had the opportunity to keep their jobs. they lost that opportunity because 7000 of those 18000 decided not to comprise. Your idiotic rhetoric about venture capital;ism is as played out as the blame Bain, blame Bush, blame any and everyone but yourself for your miserable existence.

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    re: Hostess threatens to lay off 18,000 employees unless strike ends[W:521]

    Quote Originally Posted by Lutherf View Post
    With 18,000 more people to take care of the Democrat party wins.
    I find it absolutely hilarious to watch right-wingers say stupid stuff like this and then whine about how they don't understand why they can't get more people to vote for them when they disparage everyone that doesn't already vote for them.
    Quote Originally Posted by Moderate Right View Post
    The sad fact is that having a pedophile win is better than having a Democrat in office. I'm all for a solution where a Republican gets in that isn't Moore.

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    re: Hostess threatens to lay off 18,000 employees unless strike ends[W:521]

    Quote Originally Posted by Paschendale View Post
    And this is why unions exist. So that those who have money and power cannot exercise that power over everyone else with impunity.
    yeah...the greedy big union bosses really looked out for their members on this one didn't they?
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    re: Hostess threatens to lay off 18,000 employees unless strike ends[W:521]

    If you want to know what the Union was thinking when they decided to go on strike... just read their own words... I'm sure this had something to do with it:


    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.

    link...


    During the bankruptcy the CEO gets a 300% pay raise and other execs as well getting massive raises while negating employee pensions. The executives have destroyed this company and they are using their failure to blame it all on the union. These execs can go **** themselves. Uttlerly pathetic leadership and looky here, no shortage of people willing to line up and suck the toes of the executive failures simply becuse they are told to hate unions by all means. Go figure.
    Quote Originally Posted by Moderate Right View Post
    The sad fact is that having a pedophile win is better than having a Democrat in office. I'm all for a solution where a Republican gets in that isn't Moore.

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    re: Hostess threatens to lay off 18,000 employees unless strike ends[W:521]

    Quote Originally Posted by poweRob View Post
    If you want to know what the Union was thinking when they decided to go on strike... just read their own words... I'm sure this had something to do with it:


    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.

    link...


    During the bankruptcy the CEO gets a 300% pay raise and other execs as well getting massive raises while negating employee pensions. The executives have destroyed this company and they are using their failure to blame it all on the union. These execs can go **** themselves. Uttlerly pathetic leadership and looky here, no shortage of people willing to line up and suck the toes of the executive failures simply becuse they are told to hate unions by all means. Go figure.
    That is 100% fabricated!

    CORRECTION: An earlier version of as well as an earlier headline of this post incorrectly stated that Greg Rayburn received a 300 percent raise as CEO of Hostess as the company approached bankruptcy. Rayburn wasn't CEO of Hostess until after the company filed for bankruptcy. The post also incorrectly stated that he was paid a salary of up to $2,550,000 per year. His salary when he joined the company was $100,000 per month, according to a company spokesman.
    Union Claims Hostess Executives Received Raises In Advance Of Bankruptcy (CORRECTION)
    CORPORATE GREED AND UNION GREED
    DEMOCRATS AND REPUBLICANS
    DESTROYING THE BEST OF AMERICA ONE DAY AT A TIME

    This is the worst kind of discrimination. The kind against ME! ~ Bender

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    re: Hostess threatens to lay off 18,000 employees unless strike ends[W:521]

    Quote Originally Posted by The Giant Noodle View Post
    Tell the creditors of Hostess then who the union got that information from. Then the creditors forced Hostess execs to do this move:


    Hostess Rolls Back Some Executive Pay Raises

    Gregory F. Rayburn, a restructuring expert who took the helm at Hostess last month, said in an interview that the top four executives working under him had agreed to cut their annual salaries to $1 until the company emerges from bankruptcy or Dec. 31, whichever comes first. The executives—Gary Wandschneider, John Stewart, David Loeser and Richard Seban—had seen their salaries increase by 75% to 80% last July, at a time when the baking company had already hired restructuring lawyers, according to creditors.

    The official committee of unsecured creditors in Hostess's bankruptcy case alleged the company may have "manipulated" its executives' salaries, converting a chunk of their pay from performance-based bonuses to guaranteed salary. The creditors said the move may have been taken "at least in part to sidestep" provisions designed to ensure that companies in bankruptcy aren't enticing their employees to stay on board with the promise of cash.
    Quote Originally Posted by Moderate Right View Post
    The sad fact is that having a pedophile win is better than having a Democrat in office. I'm all for a solution where a Republican gets in that isn't Moore.

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    re: Hostess threatens to lay off 18,000 employees unless strike ends[W:521]

    Quote Originally Posted by poweRob View Post
    If you want to know what the Union was thinking when they decided to go on strike... just read their own words... I'm sure this had something to do with it:


    During the bankruptcy the CEO gets a 300% pay raise and other execs as well getting massive raises while negating employee pensions. The executives have destroyed this company and they are using their failure to blame it all on the union. These execs can go **** themselves. Uttlerly pathetic leadership and looky here, no shortage of people willing to line up and suck the toes of the executive failures simply becuse they are told to hate unions by all means. Go figure.
    Maybe they were speaking of Brian Driscoll...

    In September of that year, Hostess declared bankruptcy. Enter the cast of moneymen…The deepest pocket: Ripplewood Holdings…
    Ripplewood is run by Tim Collins, 55…he's an eclectic character: a Democrat in an industry of Republicans;…
    Ripplewood's foray into Hostess was partly enabled by Collins's connections in the Democratic Party. He wanted to explore deals with union-involved companies and sought the help of former congressman Gephardt, who in 2005 founded the Gephardt Group, an Atlanta consulting firm that provides "labor advisory services."…

    Ripplewood had kept the CEO who had led Hostess during bankruptcy, Craig Jung, a longtime veteran from Pepsi (PEP). Then Jung left in June 2010 and was replaced by Brian Driscoll, 53…Hostess had asked the bankruptcy judge to approve a sweet new employment deal for Driscoll. Its terms guaranteed him a base annual salary of $1.5 million, plus cash incentives and "long-term incentive" compensation of up to $2 million….
    edited for brevity...
    Hostess is bankrupt … again - Fortune Management

    Kinda reeks of cronyism…DEMOCRAT cronyism…
    "The fact that we are here today to debate raising America's debt limit is a sign of leadership failure" - 2006 Senator Obama...leadership failure indeed!

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    re: Hostess threatens to lay off 18,000 employees unless strike ends[W:521]

    Quote Originally Posted by Dickieboy View Post
    Maybe they were speaking of Brian Driscoll...


    edited for brevity...
    Hostess is bankrupt … again - Fortune Management

    Kinda reeks of cronyism…DEMOCRAT cronyism…
    And all that effort that writer made to make it a Democratic Party thing is so damn weak it's rather sad.
    Quote Originally Posted by Moderate Right View Post
    The sad fact is that having a pedophile win is better than having a Democrat in office. I'm all for a solution where a Republican gets in that isn't Moore.

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