Page 38 of 66 FirstFirst ... 28363738394048 ... LastLast
Results 371 to 380 of 653

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

  1. #371
    Sage
    The Giant Noodle's Avatar
    Join Date
    Mar 2010
    Location
    Northern Illinois
    Last Seen
    11-03-14 @ 05:39 AM
    Gender
    Lean
    Independent
    Posts
    7,333

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

    Quote Originally Posted by poweRob 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.
    By the way have you read my signature line?
    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

  2. #372
    Sage

    Join Date
    Oct 2011
    Last Seen
    07-25-17 @ 12:35 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    5,878

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

    Quote Originally Posted by poweRob View Post
    And all that effort that writer made to make it a Democratic Party thing is so damn weak it's rather sad.
    I thought it was quite a comprehensive analysis. There certainly seems like Hostess had MANY problems. It would seem inappropriate to hack on the PE folks (Ripplewood, Silver Point and Monarch) as being debtors in possession they are at the head of the creditors line…and without them Hostess would have closed 8 years ago.

    Unless you are attacking ME as 'the writer' which I agree it was weak...but just as weak as the other partisan comments in this thread...
    "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!

  3. #373
    Sage
    poweRob's Avatar
    Join Date
    Sep 2011
    Last Seen
    Today @ 06:43 PM
    Gender
    Lean
    Progressive
    Posts
    35,062

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

    Quote Originally Posted by The Giant Noodle View Post
    By the way have you read my signature line?
    Nice... Can't say I fully agree being that unions are and have been extremely handicapped for decades now. Had they actually had any power, income inequality wouldn't be at a high in our country since the great depression.
    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.

  4. #374
    Sage
    poweRob's Avatar
    Join Date
    Sep 2011
    Last Seen
    Today @ 06:43 PM
    Gender
    Lean
    Progressive
    Posts
    35,062

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

    Quote Originally Posted by Dickieboy View Post
    I thought it was quite a comprehensive analysis. There certainly seems like Hostess had MANY problems. It would seem inappropriate to hack on the PE folks (Ripplewood, Silver Point and Monarch) as being debtors in possession they are at the head of the creditors line…and without them Hostess would have closed 8 years ago.

    Unless you are attacking ME as 'the writer' which I agree it was weak...but just as weak as the other partisan comments in this thread...
    Not going after your writing. Just the link's writer.
    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.

  5. #375
    Banned
    Join Date
    Jun 2012
    Last Seen
    10-20-13 @ 04:50 AM
    Lean
    Libertarian - Right
    Posts
    3,195

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

    Quote Originally Posted by poweRob View Post
    Nice... Can't say I fully agree being that unions are and have been extremely handicapped for decades now. Had they actually had any power, income inequality wouldn't be at a high in our country since the great depression.
    Hilarious that both Presidents during the times of the biggest income gap between the rich and the poor are SURPRISE! Democrats!

    Forward! ERR BACKWARD! Obama ZeDong Thought is the only Truth!

  6. #376
    On Vacation
    joko104's Avatar
    Join Date
    Jan 2009
    Last Seen
    Today @ 10:41 AM
    Lean
    Undisclosed
    Posts
    31,568
    Blog Entries
    2

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

    g
    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.
    Those salaries are definitely why the company is $860 million dollars in debt.

    All the lamenting! Oh gosh how awful those rich people are. The reason people put money into companies isn't because they wanted to make charitable contributions. Nor were the employees working charity. All in it for themselves. No exceptions.

    For whatever reasons, the employees' union and company management both made take-it-or-bust offers. Both refused. End of company, end of story. That's how it went.

    Here's the simple fact - for which everyone is trying to be moral judges - when it all just about money. Not one of the employees was required to work for $18 per hour. That was the offer. Because they are union, they voted on it and said no, they want $20 an hour. The board voted on that, and a majority said no.

    So the company closed down. The end then is: No managers. No employees. No board.

    ^ See how simple it is.

  7. #377
    Sage
    Arbo's Avatar
    Join Date
    Dec 2011
    Location
    Colorado
    Last Seen
    07-12-16 @ 01:32 AM
    Gender
    Lean
    Independent
    Posts
    10,395
    Blog Entries
    2

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

    Quote Originally Posted by poweRob View Post
    Nice... Can't say I fully agree being that unions are and have been extremely handicapped for decades now. Had they actually had any power, income inequality wouldn't be at a high in our country since the great depression.
    The above is immensely funny.

    Yeah, if unions had their way, most businesses would be out of business as they would be running in the red constantly to meet over inflated salaries and benefits. Those that remained in business would have to charge so much for their stuff most people (including the union workers) wouldn't be able to afford that stuff.
    "nah i think the way cons want to turn this into a political issue is funny though" - Philly Boss

  8. #378
    Sage
    AliHajiSheik's Avatar
    Join Date
    Aug 2012
    Last Seen
    Today @ 06:36 PM
    Gender
    Lean
    Undisclosed
    Posts
    6,383

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

    Interesting the things the Teamsters had to do to cross the bakers picket lines.
    People in Dubai don't like the Flintstones but people in Abu Dhabi do

  9. #379
    Sage

    Join Date
    Oct 2011
    Last Seen
    07-25-17 @ 12:35 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    5,878

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

    Quote Originally Posted by poweRob View Post
    During the bankruptcy the CEO gets a 300% pay raise
    While trying to understand your underlying point I am confused. Employees unite and collectively bargain for the BEST wage/benefits they can get and that’s acceptable. An individual employee negotiates for HIS BEST wage/benefits HE can get and that is wrong…seems hypocritical. Ultimately the DIP’s presumably felt the CEO had value to justify the 300% raise.

    And to be clear, I have NO issue with private sector unions. If a workforce wants to organize we live in America and it is your right to do so! If this organization ultimately has SOME influence that causes the company to go out of business that’s the way it goes. Non-union companies go out of business all the time so unionization is not the ‘boogie man’ always. But you can’t argue that it has NO effect on the climate of businesses.
    "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!

  10. #380
    Sage

    Join Date
    Nov 2009
    Last Seen
    Today @ 05:29 PM
    Gender
    Lean
    Slightly Liberal
    Posts
    8,355

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

    Quote Originally Posted by poweRob View Post
    Nice... Can't say I fully agree being that unions are and have been extremely handicapped for decades now. Had they actually had any power, income inequality wouldn't be at a high in our country since the great depression.
    You might ask yourself why the auto workers for Toyota and other foreign manufacturers grow their workforces in the states. These are non-union and pay a similar rate to GM and Ford. When you think of unions, the mistake people like you make is to think of higher wages. Wages are a small part a modern factory's cost. Try work rules that make productivity the real problem in union shops.

Page 38 of 66 FirstFirst ... 28363738394048 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •