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The products that could have been created by anyone in that position. The products that only exist because of the folks in charge.
Should they treat their workers substandard? Absolutely not. A company can't and shouldn't survive by doing so. But the union power and money grab is responsible for the mess they're in.
The folks running it shouldn't cave and run a company that would be inefficient, because it'd just go out of business anyway. They should take what they worked hard for an go do something else, where they can once again create jobs and create wealth for others.
This is America's problem. The thought process that we all DESERVE something we don't. If you want to be paid like the best, be the best. Go out and create something. Innovate. Build.
If you want to take a minimum wage job and don't desire to achieve more, that's your right. Just don't expect to be paid more than you're worth.
The snack giant endured $52 million in workers' comp claims in 2011, according to its bankruptcy filing this January.
Hostess's 372 collective-bargaining agreements required the company to maintain 80 different health and benefit plans, 40 pension plans and mandated a $31 million increase in wages and health care and other benefits for 2012.
that's a lot of twinkies to sell, especially with a government that is trying its best to get people to stop eating them.
not counting the 2 billion in unfunded union pension liabilities.
also of note this hedge fund was run by democrats, so the media probably isn't going to say that much about it-or maybe obama will do another bailout.
Everyone's got some blame. However, unions are the reason it's becoming less and less feasible to employ large work forces. They have taken what they were originally created for and bastardized it. They believe that simply because there are MORE of them that they should be in charge of the company and the way it's run. Let's be honest for a second, most union workers are lower educated folks that have hourly jobs for a reason. Nothing against them because the working class is what makes America great. But they're sold this bill of goods like they know what's best for the company just because there are more of them.
Kind of like the democrat party.
So CEO pay skyrockets, corporate profits skyrocket, but workers pay should stay the same & they should lose benefits? Riiiiiiiiiiiiiight...
if it is your company, you can do whatever you want with it. you could give yourself one big fat bonus if you want, or divide your profits among your workers if you feel like it.
if the "workers" can do so much better, maybe they should start their own company with their own savings and see how it goes.
it is getting stupid in this country-no wonder we are failing as a country.
people are supposed to come up with an idea, take all the risk, comply with burdensome government regulations, pay a "tithe" to the government, and then be told by the workers exactly how they are supposed to run their companies.
no wonder businesses are fleeing not just california, but america.
Last edited by floridasandy; 11-20-2012 at 12:15 PM..
if it is your company, you can do whatever you want with it. you could give yourself one big fat bonus if you want, or divide your profits among your workers if you feel like it.
if the "workers" can do so much better, maybe they should start their own company with their own savings and see how it goes.
it is getting stupid in this country-no wonder we are failing as a country.
people are supposed to come up with an idea, take all the risk, comply with burdensome government regulations, pay a "tithe" to the government, and then be told by the workers exactly how they are supposed to run their companies.
no wonder businesses are fleeing not just california, but america.
Except that's not what happened here. The executives in question are people who came in after the company was starting to go down. These in no way shape or form are people who came up with a business model, launched a business, and now are struggling because of the big bad government. The executives in question are simply people who swooped in on a dying business and sought to profit from it FAILING, not from it succeeding.
So much for your simple minded high school business class perspective.
It's both funny and scary how some people who claim to know so much about business have the viewpoints of 12 year olds when it comes to scenarios like this.
"You see, in the business world, if I want to start a banana stand, I go out and build up the required capital, using my business plan..."
The snack giant endured $52 million in workers' comp claims in 2011, according to its bankruptcy filing this January.
Hostess's 372 collective-bargaining agreements required the company to maintain 80 different health and benefit plans, 40 pension plans and mandated a $31 million increase in wages and health care and other benefits for 2012.
that's a lot of twinkies to sell, especially with a government that is trying its best to get people to stop eating them.
not counting the 2 billion in unfunded union pension liabilities.
also of note this hedge fund was run by democrats, so the media probably isn't going to say that much about it-or maybe obama will do another bailout.
EXACTLY!!! Once you get past the "oh the poor people lost their jobs" crap, you can get down to facts.
The reason this country is going down the toilet is because people who don't have a clue how to run anything are voting for people who don't have a clue how to run anything.
But they think that because there are a lot of them that they're somehow more intelligent than they are.
EXACTLY!!! Once you get past the "oh the poor people lost their jobs" crap, you can get down to facts.
The reason this country is going down the toilet is because people who don't have a clue how to run anything are voting for people who don't have a clue how to run anything.
But they think that because there are a lot of them that they're somehow more intelligent than they are.
Well, if knowing how to run things means swooping in, squeezing all the value out of the assets while paying yourself handsomely, then leaving the corpse of the company in your wake, then you should have voted for Romney, because he's an expert at it.
Tell me, how would that business expertise at feeding off corpses translated into public policy? What countries would he look to squeeze the life out of?
Except that's not what happened here. The executives in question are people who came in after the company was starting to go down. These in no way shape or form are people who came up with a business model, launched a business, and now are struggling because of the big bad government. The executives in question are simply people who swooped in on a dying business and sought to profit from it FAILING, not from it succeeding.
So much for your simple minded high school business class perspective.
It's both funny and scary how some people who claim to know so much about business have the viewpoints of 12 year olds when it comes to scenarios like this.
"You see, in the business world, if I want to start a banana stand, I go out and build up the required capital, using my business plan..."
Nice presentation, Tyler, you get an A!!
key word-DYING BUSINESS.
maybe you should look that up-that means that the business is going to fail.
these people are brought in as a last ditch effort to save a dying company-sometimes it works, mostly it doesn't-but the bottom line is that the owners are willing to pay to try and save the business.
your name calling doesn't make you look "smarter" by the way.
and what exactly did the government provide to deserve "its share" of that business revenue?
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