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Union Wins! Hostess Out of Business
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<blockquote data-quote="bluehdmc" data-source="post: 1057141" data-attributes="member: 18471"><p>I think meno's comment was the bakers took concessions and the CEO and other's salaries were increased long before the the decision was made to shut the doors. This sounds exactly like what Bain Capital did when the destroyed K-B toys, this seems to be SOP when the vulture capitalists zoom in on a company. </p><p></p><p>It sounds like the CEO's make out either way, if they let the company dissolve they've been able to suck a couple years at a greater inflated salary for a couple of years or if they try to save the company they get canned with a "golden parachute". </p><p>Seems like the only losers are the working people, instead of inflated wages they took concessions and reduce their wages by more than 1/3. When they balk at further cuts they shut the doors, (which seems to be the plan from the beginning), the working people get the blame.</p></blockquote><p></p>
[QUOTE="bluehdmc, post: 1057141, member: 18471"] I think meno's comment was the bakers took concessions and the CEO and other's salaries were increased long before the the decision was made to shut the doors. This sounds exactly like what Bain Capital did when the destroyed K-B toys, this seems to be SOP when the vulture capitalists zoom in on a company. It sounds like the CEO's make out either way, if they let the company dissolve they've been able to suck a couple years at a greater inflated salary for a couple of years or if they try to save the company they get canned with a "golden parachute". Seems like the only losers are the working people, instead of inflated wages they took concessions and reduce their wages by more than 1/3. When they balk at further cuts they shut the doors, (which seems to be the plan from the beginning), the working people get the blame. [/QUOTE]
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