Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
There is nothing that guaranteed in life. UPS isn't either.
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="nWo" data-source="post: 5588771" data-attributes="member: 86976"><p>Hostess went bankrupt due to vulture capitalists and wall street. Investment companies bought Hostess then burdened the company with insurmountable debt. </p><p></p><p>The unionized workforce took pay and benefits cuts and they had layoffs. Hostess executives saw a massive increase in their compensation. The CEO got a 300% increase. </p><p></p><p>“In 2011, Hostess earned profits of more than $2.5 billion but ended the year with a loss of $341 million as it struggled to pay the interest on $1 billion in debt. This year, the company sought bankruptcy protection, the second time in eight years. Still, the CEO who brought on the latest bankruptcy got a raise while Hostess demanded that its workers accept a 30 per cent pay and benefits cut.”</p></blockquote><p></p>
[QUOTE="nWo, post: 5588771, member: 86976"] Hostess went bankrupt due to vulture capitalists and wall street. Investment companies bought Hostess then burdened the company with insurmountable debt. The unionized workforce took pay and benefits cuts and they had layoffs. Hostess executives saw a massive increase in their compensation. The CEO got a 300% increase. “In 2011, Hostess earned profits of more than $2.5 billion but ended the year with a loss of $341 million as it struggled to pay the interest on $1 billion in debt. This year, the company sought bankruptcy protection, the second time in eight years. Still, the CEO who brought on the latest bankruptcy got a raise while Hostess demanded that its workers accept a 30 per cent pay and benefits cut.” [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
There is nothing that guaranteed in life. UPS isn't either.
Top