- Joined
- Jan 21, 2009
- Messages
- 65,981
- Reaction score
- 23,408
- Gender
- Male
- Political Leaning
- Undisclosed
g
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.
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.