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RIP Hostess
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<blockquote data-quote="Joe Nuno" data-source="post: 1057912" data-attributes="member: 37805"><p>Don't be fool by FedEx management that Hostess went out of business because of the union, the truth is The CEO of Hostess got a 300% bonus and 6 top rank management were hired to help fix Hostess, but instead of fixing things, they would pocket the profits. The Union members took a $10 million concession for the last 10 yrs, the members voted on wage reduction, benefits reduction and no pension contribution....who is really screwing who here? Is this another bad batch of management like Consolidated Freight? Or better yet, Bain Capital?</p></blockquote><p></p>
[QUOTE="Joe Nuno, post: 1057912, member: 37805"] Don't be fool by FedEx management that Hostess went out of business because of the union, the truth is The CEO of Hostess got a 300% bonus and 6 top rank management were hired to help fix Hostess, but instead of fixing things, they would pocket the profits. The Union members took a $10 million concession for the last 10 yrs, the members voted on wage reduction, benefits reduction and no pension contribution....who is really screwing who here? Is this another bad batch of management like Consolidated Freight? Or better yet, Bain Capital? [/QUOTE]
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