“Here are the salaries of your union thug bosses. Imagine that, they take a lot of money out of the system just in their salaries.”
Thank you for the information.
You might find the business magazine Fortune’s take on the Hostess story interesting. In 2009 the unions gave $110 million in wage and benefit concessions in order to help the company exit bankruptcy. In January 2012 the company declared bankruptcy for a second time. In February 2012 the company asked the bankruptcy judge to guarantee the CEO annual pay of $1.5 million, and give him long term compensation worth $2 million. Plus a severance guarantee of $1.95 million. The previous year four top Hostess executives received pay increases of 80%. Do you think it is appropriate for management to be giving extraordinarily large pay increases and severance agreements to senior executives and at the same time demand the workers take an 8% pay cut and reduced benefits? Here’s the link to the Fortune article. http://management.fortune.cnn.com/2012/07/26/hostess-twinkies-bankrupt/