Skip to comments.Qeestions about the Hostess Debacle
Posted on 11/18/2012 7:12:53 PM PST by Explodo
So I'm getting the business from the local lefties here in Minnesota on the Hostess thing.
They Keep bringing up how some of the Hostess Exec's received a 300% raise while the company was in trouble and negotiating with the union. Somehow this alleged fact removes all resonsibility from the union.
I've been trying to research this and all I've found on the web are links to the uber-leftie sites who use this to justify union actions
Question 1:, Is this factoid true? (Execs gave themselves a huge Raise
Question 2: If true, why did the execs do this?
Question 3: If it's not true, how can we kill this meme that execs killed the company not the union
Thanks for comments in advance, appreciate your time
“Question 3: If it’s not true, how can we kill this meme that execs killed the company not the union”
Think about it... Why would an exec raise their salery to the point of bankrupting the company and killing the goose that laid the golden egg?
It was a privately held company if they wanted to pay themselves that money it was their right to do so.Who told the workers that they were entitled to what the owner had built?
If it sounds like a union thug talking point....
Besides, who could blame the execs for wanting more money when they have to deal with the union?
If the company was operating under bankruptcy protection, would the brankruptcy judge approve such an increase?
Wonder if the management group was a bunch of LEfties....I seem to remember reading something about the group that took hostess out of trouble the first time were far left Dems.
and why drivers wouldnt load their own trucks and or why workers who loaded bread are not allowed to load cake???
it's called feather bedding...
It sounds like the Hostess execs wanted to squeeze all the money they could out of the company before they filed for bankruptcy.
What business is it of the Unions ,how much money Executives make?
These lefties aren’t too concerned about the exploding pensions in the public sector management, like professors,etc?
These are all good responses, but in the new post-American world we have to avoid bourgeois constructs like math and ask, “Why didn’t Obama save Hostess!”. Obama lied, Twinkies died!
Don't know about far left, but it is a curious thing, especially after the Dems bashing venture capitalists such as Bain/Romney... See here:
Beat me by 17 seconds;-)
you are on the wrong board....perhaps you should head over to Du where they would appreciate your dumb comment
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.
“What business is it of the Unions ,how much money Executives make?”
I think that depends on how much the workers are making.
I personally would not like it if I were taking an 8% pay cut and a suspension of pension bennies as well as a cut in health insurance and the CEO got 1 300% raise.
I guess Kenneth Lay was worth every penny huh?
“It sounds like the Hostess execs wanted to squeeze all the money they could out of the company before they filed for bankruptcy.”
It was their company... they could have as easily just shut it down - but they gave the unions a choice.
I wouldn’t be surprised when someone else buys the brands - it won’t be a union shop any mo.....