KDave-:"I see Chinese twinkeeees in our future."NEW! Now
fortified with Melamine!
The CEO no doubt will be awarded an even better job by some facist, ant-worker
thinking board of directors while the real losers in this are the small
investors, 401k's and pension funds that held IBCIQ stock.Welcome back the 1800's.
"as the company was preparing to file for bankruptcy earlier this year, the
then CEO of Hostess was awarded a 300 percent raise (from approximately $750,000
to $2,550,000) and at least nine other top executives of the company received
massive pay raises. One such executive received a pay increase from $500,000 to
$900,000 and another received one taking his salary from $375,000 to
$656,256."Dang union workers
I see Chinese twinkeeees in our future.
Executives who reward themselves with bonuses for driving their companies into
the ground have won.Workers, once again, lose. Hasn't this same movie gotten old yet?
No, sophisticated pastries have not won.Workers have lost.Why, because corporate greed, individual greed by the company's overpaid
executives, and the stupidity of Americans who believe unions are bad is what
won.Ordinary Americans are losing and will be paying a huge price.
Not only have more sophisticated pastries won, but more importantly, companies
who know how to manage have won. Hostess business will now go to companies who
are not asking employees for sacrifice after sacrifice after sacrifice, while
executives of those companies are giving themselves pay raise after pay raise
after pay raise. Consequently these well managed companies will now have to hire
more people and the people who are hired will be drawing a living wage, while
the clueless executives and board members will be out of a job.This
is a win for fairness.