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Opinion

What others say: You'll spoil your dinner! Hostess brand snacks likely to stick around

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  • one old man Ogden, UT
    Nov. 21, 2012 7:26 a.m.

    Unions did not destroy this company. It was destroyed by poor management and a flock of vulture capitalists and outfits similar to Bain Capital.

    The workers are the losers. The vultures will walk away with Golden Parachutes. One example being the CEO who just recently was handed a 300% pay raise. Greg Rayburn was being paid $100,000 PER MONTH for his "services."

    At least nine other top executives of the company also received massive pay raises, including one who received a pay increase from $500,000 to $900,000 and another received one that brought his salary from $375,000 to $656,256.

    But that's Obama's fault, isn't it?

    (Anyone may verify this information by Googling "hostess ceo salary")

  • RedShirt USS Enterprise, UT
    Nov. 21, 2012 12:04 p.m.

    To "one old man" you are wrong. It was the unions that destroyed Hostess.

    The Teamsters union paid a consultant to look at the books for Hostess, and found that the company was not doing well and that a strike would kill the company. The Teamsters took the pay cut.

    The smaller unions didn't want to take the paycut. It was the strike by the smaller unions that pushed them over the edge.

    As for the salaries, it wouldn't make that much of a difference. Assuming that the pay raises for all the top CEO's would cost the company $2 million per year, that would equal $0.05/hr per employee. I doubt the union was striking to get 5 cents an hour more.

  • one old man Ogden, UT
    Nov. 21, 2012 5:25 p.m.

    It's amazing how many people posting here seem to think it's absolutely okay for the company to swindle workers in the name of profit.

    How can people be so disgustingly cruel to other Americans?

  • Darrel Eagle Mountain, UT
    Nov. 21, 2012 9:23 p.m.

    If Hostess couldn't make it in America, vegetables have no prayer.