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Union Wins! Hostess Out of Business
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<blockquote data-quote="Catatonic" data-source="post: 1057343" data-attributes="member: 7966"><p>The Executives do not give themselves these big raises typically.</p><p>The Board of Directors, who have the fiduciary responsibility to ensure the shareholders' interests are protected, give these raises to these executives to ensure they do not try and save the company and their salaries which would be "enlightened self-interest". These raises are a "golden parachute" of sorts and if teh executives don't do teh Board's biding, they are fired with no "golden parachute". It's a pretty tried and true methodology.</p></blockquote><p></p>
[QUOTE="Catatonic, post: 1057343, member: 7966"] The Executives do not give themselves these big raises typically. The Board of Directors, who have the fiduciary responsibility to ensure the shareholders' interests are protected, give these raises to these executives to ensure they do not try and save the company and their salaries which would be "enlightened self-interest". These raises are a "golden parachute" of sorts and if teh executives don't do teh Board's biding, they are fired with no "golden parachute". It's a pretty tried and true methodology. [/QUOTE]
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