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No more Twinkies????

Re: No more Twinkies????

FlagDUDE08 said:
So you're saying that a person is going to be able to retire based upon the existence of a company match?! :rolleyes:
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FlagDUDE08 said:
Captain Fingerpoint is in full force, though. It doesn't matter to find a solution, it only matters who to blame.
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FlagDUDE08 said:
So the union people were fine and it's all the handcuffed CEO's fault... :rolleyes:
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Are you really this dense or are you just trolling? I'm going with trolling...
 
Re: No more Twinkies????

It's not just Hostess.

http://online.wsj.com/article/SB10001424127887323830404578145182000348430.html

More than 1,600 insiders—executives and others controlling a company—received bonuses, salaries, fees and other compensation totaling more than $1.3 billion in the months before their companies filed for Chapter 11, according to a Wall Street Journal analysis of more than 80 bankruptcy cases over the past five years.
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Let's all repeat our mantras, everyone: Executives are so important that they should be given performance bonuses whilst managing a failing company, at the expense of their creditors when the company files for bankruptcy (because all that "fiscal responsibility" talk is a double standard) and all the serfs below them (who will either be laid off or made to work more due to layoffs without extra compensation). Anyone who thinks otherwise is a Socialist. Repeat that ten times then make sure that your moral compass points towards "whatever gets you more money".
 
Re: No more Twinkies????

ExileOnDaytonStreet said:
It's not just Hostess.

http://online.wsj.com/article/SB10001424127887323830404578145182000348430.html



Let's all repeat our mantras, everyone: Executives are so important that they should be given performance bonuses whilst managing a failing company, at the expense of their creditors when the company files for bankruptcy (because all that "fiscal responsibility" talk is a double standard) and all the serfs below them (who will either be laid off or made to work more due to layoffs without extra compensation). Anyone who thinks otherwise is a Socialist. Repeat that ten times then make sure that your moral compass points towards "whatever gets you more money".
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And the strike had nothing to do with it... :rolleyes:

Let's all repeat our mantras, everyone: Unions are so important they should be given every dollar of salary and personal expense without ever being required to leave whilst under a failing company, at the expense of the company when it files for bankruptcy and all the investors and creditors associated with them. [gic] Anyone who thinks otherwise is a Republican. Repeat that ten times then make sure that your moral compass points towards "whatever sticks it to the greedy corporations".
 
Re: No more Twinkies????

FlagDUDE08 said:
And the strike had nothing to do with it... :rolleyes:
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It certainly had nothing to do with the golden parachutes, if that's what you're implying. Even if the bonuses (BTW: What kind of sense of entitlement do you need to have to expect bonuses during a time of poor performance?) aren't stealing from employees, it's certainly stealing from creditors who have a considerably more valid claim to that money when it goes into bankruptcy.

I have no pity for the role unions played in Hostess' problems (specifically the Teamsters), but it's not a very logical scapegoat for the golden parachutes.
 
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Re: No more Twinkies????

ExileOnDaytonStreet said:
It certainly had nothing to do with the golden parachutes, if that's what you're implying. Even if the bonuses (BTW: What kind of sense of entitlement do you need to have to expect bonuses during a time of poor performance?) aren't stealing from employees, it's certainly stealing from creditors who have a considerably more valid claim to that money when it goes into bankruptcy.

I have no pity for the role unions played in Hostess' problems (specifically the Teamsters), but it's not a very logical scapegoat for the golden parachutes.
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How do you even know that the bonuses were directly involved in the bankruptcy? Did you also ever think that, perhaps, bonuses may even have been part of the CEO's contract? These are things that the Board of Directors negotiates. If they don't believe it's affordable to pay a CEO bonuses, they won't put it into the contract.
 
Re: No more Twinkies????

FlagDUDE08 said:
How do you even know that the bonuses were directly involved in the bankruptcy? Did you also ever think that, perhaps, bonuses may even have been part of the CEO's contract? These are things that the Board of Directors negotiates. If they don't believe it's affordable to pay a CEO bonuses, they won't put it into the contract.
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You mean like the contracts that are negotiated with public sector unions, or the United Auto Workers, etc. etc. etc.

Hypocrisy, thy name is FlagDUDE08.
 
Re: No more Twinkies????

Priceless said:
No, it's about as credible as Fox "News".
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{tweet} Failure to refer to Fox as "Faux." Two minutes in the box. The captain is arguing that the use of quotation marks around "news" qualifies as the mandatory libstain contempt. To no avail.
 
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Re: No more Twinkies????

goldy_331 said:
I'm sorry, but according to Priceless, the WSJ is not a credible source on issues regarding businesses.
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I wouldn't mind if the bonuses or salaries of a bankrupt company should be pulled back if it shown to be done as a cash out as the ship sinks.

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Scooby, are you really going to talk about the UAW after they were the beneficiaries of stealing from non-union pensions and other retirees via communally held pensions (read: retiree and government investment funds). Oh, right, they aren't politically correct victims.
 
Re: No more Twinkies????

I saw in a printed edition of a newspaper a story that Hostess may have found a buyer for Wonder Bread.
 
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