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Thread: The starving Baker's Union salaries...

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    The starving Baker's Union salaries...

    Bakers’ Union has 8 Vice Presidents and 2 Million in Executive Salaries

    The Bakers’ Union, aka the Bakery, Confectionery, Tobacco Workers and Grain Millers’ International Union (BCTGM), and that’s a mouthful, has kept blaming the plight of Hostess and its Twinkies on company executives who paid themselves too much money.

    “Our members were aware that while the company was descending into bankruptcy and demanding deep concessions, the top 10 executives of the company were rewarding themselves with lavish compensation increases,” Frank Hurt, President of the Bakers’ Union said.

    So let’s take a look at the number of executives in the Bakers’ Union, their salaries and titles. What does a humble baker president like Hurt rake in? A mere $262,654. His assistant, Harry Kaiser has to get by with a mere $149,764.

    The Bakers’ Union (BCTGM) has 58 employees. 29 of them make more than $100,000 a year.
    The Bakery, Confectionery, Tobacco Workers and Grain Millers’ International Union has 8 Vice Presidents. (One is an Executive Vice-President).
    These 8 Vice Presidents make anywhere from $218,989.00 to $161,789.00 for a combined total of over 2 million dollars. Additionally there’s a Secretary Treasurer who makes $244,396.00.
    Does a union with 58 employees really need 8 Vice Presidents at a ratio of one Vice President to every employee?

    BCTGM also has 12 representatives who make between $100,000 and $150,000. Its highest paid organizer makes $148,851.
    While 18,000 workers may lose their jobs, the Bakers’ Union execs will keep their jobs and their six figure compensation packages. And even if BCTGM folds, they’ll just fetch up in another union.

    Frank Hurt has worked as a Shop Steward at the United Auto Workers, with the Teamsters, a Union Trustee of the AFL-CIO Housing Investment Trust and President of the International Union of Food, Agricultural, Hotel, Restaurant, Catering, Tobacco and Allied Workers’ Associations. Being a union boss is his job and as long as there are unions, there will be high paid compensation packages for union bosses. Companies may go out of business, but guys like Frank Hurt will always land on their quarter-of-a-million a year.

    Bakers’ Union has 8 Vice Presidents and 2 Million in Executive Salaries

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    Re: The starving Baker's Union salaries...

    Quote Originally Posted by joko104 View Post
    Bakers’ Union has 8 Vice Presidents and 2 Million in Executive Salaries

    The Bakers’ Union, aka the Bakery, Confectionery, Tobacco Workers and Grain Millers’ International Union (BCTGM), and that’s a mouthful, has kept blaming the plight of Hostess and its Twinkies on company executives who paid themselves too much money.

    “Our members were aware that while the company was descending into bankruptcy and demanding deep concessions, the top 10 executives of the company were rewarding themselves with lavish compensation increases,” Frank Hurt, President of the Bakers’ Union said.

    So let’s take a look at the number of executives in the Bakers’ Union, their salaries and titles. What does a humble baker president like Hurt rake in? A mere $262,654. His assistant, Harry Kaiser has to get by with a mere $149,764.

    The Bakers’ Union (BCTGM) has 58 employees. 29 of them make more than $100,000 a year.
    The Bakery, Confectionery, Tobacco Workers and Grain Millers’ International Union has 8 Vice Presidents. (One is an Executive Vice-President).
    These 8 Vice Presidents make anywhere from $218,989.00 to $161,789.00 for a combined total of over 2 million dollars. Additionally there’s a Secretary Treasurer who makes $244,396.00.
    Does a union with 58 employees really need 8 Vice Presidents at a ratio of one Vice President to every employee?

    BCTGM also has 12 representatives who make between $100,000 and $150,000. Its highest paid organizer makes $148,851.
    While 18,000 workers may lose their jobs, the Bakers’ Union execs will keep their jobs and their six figure compensation packages. And even if BCTGM folds, they’ll just fetch up in another union.

    Frank Hurt has worked as a Shop Steward at the United Auto Workers, with the Teamsters, a Union Trustee of the AFL-CIO Housing Investment Trust and President of the International Union of Food, Agricultural, Hotel, Restaurant, Catering, Tobacco and Allied Workers’ Associations. Being a union boss is his job and as long as there are unions, there will be high paid compensation packages for union bosses. Companies may go out of business, but guys like Frank Hurt will always land on their quarter-of-a-million a year.

    Bakers’ Union has 8 Vice Presidents and 2 Million in Executive Salaries
    Hate me some unions.
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    Re: The starving Baker's Union salaries...

    When Obama proposed top treat "the rich" as anyone who made more than 250K I heard many tears dripping here about how $250K wasn't really very much money. So, why is $262K so lavish of a reward?

    My son works for a Corporation that pays its CEO close to $30 million, the CEO has 48 VPs who don't do anything but play golf and draw over a million a year. My son is well paid at about $85K and great benefits but his workload constantly increases since anyone who leaves is not replaced. My son asked to attend his Grandfathers funeral last Friday but was refused because they are so far behind in their work.

    I'm no fan of Unions and when trhey are unreasonable, I support Management but honestly, without Unions, everybody would be making $10 an hour or less while CEOs would then triple their own paychecks.

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    Re: The starving Baker's Union salaries...

    Seriously, have you ever seen a Socialist state where the political class existed at the same level as the labor class?

    Soviet Union? Hell no.
    China? Not even close.
    North Korea? uh-uh.
    Cuba? Nope.
    DDR? No.
    Romania? Hungary? Czechoslovakia? Nnnnnnnnnnnope!

    That's just kind of the way things work. It's easy to give stuff away for free when there's nothing to give!

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    Re: The starving Baker's Union salaries...

    Reports of Hostess' death are exaggerated:



    Hostess Not Going Out of Business

    Twinkies may yet have an infinite shelf life. Hostess Brands Inc. and one of its largest unions have agreed to go into mediation, so the company will stay in business for the time being. Hostess filed for bankruptcy last Friday, claiming a union strike ruined its operations and announcing plans to lay off all 18,500 of its employees. But a bankruptcy judge on the case said the dueling parties have to go through mediation before Hostess Inc. can sell off its assets. It won’t be a cake walk, but at least you can cancel your $1,000 Ho Ho bid on eBay.
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    Re: The starving Baker's Union salaries...

    Quote Originally Posted by specklebang View Post
    When Obama proposed top treat "the rich" as anyone who made more than 250K I heard many tears dripping here about how $250K wasn't really very much money. So, why is $262K so lavish of a reward?

    My son works for a Corporation that pays its CEO close to $30 million, the CEO has 48 VPs who don't do anything but play golf and draw over a million a year. My son is well paid at about $85K and great benefits but his workload constantly increases since anyone who leaves is not replaced. My son asked to attend his Grandfathers funeral last Friday but was refused because they are so far behind in their work.

    I'm no fan of Unions and when trhey are unreasonable, I support Management but honestly, without Unions, everybody would be making $10 an hour or less while CEOs would then triple their own paychecks.
    How much of that was cash compensation and how much was stock?

    Let's say, hypothetically, that you're talking about Dave Novak at Yum Brands; his cash compensation was $6.5M in cash and everything else (for a grand total of roughly $30M) was stock gains. Yum has just under 35,000 stores nationwide (KFC, Pizza Hut, Taco Bell) so his cash compensation comes out to less than $200 per store per year. Are you really going to try to tell us that such an "exorbitant" compensation package is going to ruin the company?

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    Re: The starving Baker's Union salaries...

    These 8 Vice Presidents make anywhere from $218,989.00 to $161,789.00 for a combined total of over 2 million dollars. Additionally there’s a Secretary Treasurer who makes $244,396.00.
    Poorly written story IMO.

    The union has probably earned more for the employees than it has cost the employees. The closing/trouble is obviously a mismanagement issue.
    Last edited by Utility Man; 11-19-12 at 10:31 PM.
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    Re: The starving Baker's Union salaries...

    Quote Originally Posted by Utility Man View Post
    Poorly written story IMO.

    The union has probably earned more for the employees than it has cost the employees. The closing/trouble is obviously a mismanagement issue.
    It cost 18,000 employees their jobs...jus' sayin'!
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    Re: The starving Baker's Union salaries...

    Uh, I didn't say anything about anything ruining anything so I'm not sure what your point is.

    I have no idea how much cash or stock is paid. I do however hold the opinion that this elaborate type of compensation is a cost that is passed along to consumers, in my sons case, a public utility, which has steadily increased their prices past the point of affordability. Sine I read so much bitching about other taxes etc. that causes higher prices, I think this applies equally well.

    However, my actual point was that the $262K for the Union guy wasn't all that much in perspective.


    Quote Originally Posted by Lutherf View Post
    How much of that was cash compensation and how much was stock?

    Let's say, hypothetically, that you're talking about Dave Novak at Yum Brands; his cash compensation was $6.5M in cash and everything else (for a grand total of roughly $30M) was stock gains. Yum has just under 35,000 stores nationwide (KFC, Pizza Hut, Taco Bell) so his cash compensation comes out to less than $200 per store per year. Are you really going to try to tell us that such an "exorbitant" compensation package is going to ruin the company?

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    Re: The starving Baker's Union salaries...

    Quote Originally Posted by apdst View Post
    It cost 18,000 employees their jobs...jus' sayin'!
    Just sayin its not because of the unions.


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