Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
If only libs were as watchful/ critical of government as they are of private industry...but then sticking their noses into places that don't concern them is a life long tradition.
Yeah we should be good little Republicans and only concern ourselves with the evil baby killing womenfolk and them heathens who have the nerve not to go to our church.
Really? 2 bankruptcies, concessions from unions in prior years (to help fix the debt), and a doubling of their debts (AFTER getting those concessions) isn't a sign of mismanagement? On what planet?
Not to mention that they've been raising their compensation during the time that their company has been failing.
What length WON'T some of you guys go to to not call a spade a spade when it comes to executive compensation at a failing company?
"We don't know for certain?" Get the hell out of here.
Hostess is implementing the Bain method; liquidate the company and skim off as much money as possible for the big boys. Its called a planned bankruptcy, something Romney knows a lot about.
Quote:
Hostess management had already claimed that the strike would be responsible for the closings of specific plants—when it had already planned to close plants even if the workers accepted the cuts and stayed at work.
Quote:
Our members know that the plans all along of the Wall Street investors currently in control of this company did not include the operation of Hostess Brands any longer than it takes to sell the company in whole—or in part—in a way that will maximize the profits of these vulture capitalists regardless of the impact on the workforce.
The CEO and at least 8 of the senior execs have been working for a $1 salary since April.
The latest tax avoidance scam of executives is to pay themselves a non-taxable salary but have huge stock options in the company with which they pay only the 15% tax rate. This is another Mitt Romney MO. Romney is a role model for companies to bilk employees and avoid taxes.
Hostess is implementing the Bain method; liquidate the company and skim off as much money as possible for the big boys. Its called a planned bankruptcy, something Romney knows a lot about.
Anyone know exactly what the Hostess employees are striking about? Is it low wages?
Not exactly, but i do know that they'd already given concessions in prior negotiations that were supposed to benefit the company and get it out of debt. Instead, the execs DOUBLED the debt. Moreover, they'd been raising executive compensation even while the company was tanking.
The workers have had enough. They know that it'll probably lead to job losses, but they're tired of being lied to and taken advantage of.
I the3 end the judge will decide just has he will what benfits union retain as payment;wahat attorney get in fees etc.
Can someone translate that into English? I don't speak "Texan with pudgy fingers wildly typing away on cellphone keypad".
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
