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Qeestions about the Hostess Debacle

Posted on 11/18/2012 7:12:53 PM PST by Explodo

So I'm getting the business from the local lefties here in Minnesota on the Hostess thing.

They Keep bringing up how some of the Hostess Exec's received a 300% raise while the company was in trouble and negotiating with the union. Somehow this alleged fact removes all resonsibility from the union.

I've been trying to research this and all I've found on the web are links to the uber-leftie sites who use this to justify union actions

Question 1:, Is this factoid true? (Execs gave themselves a huge Raise

Question 2: If true, why did the execs do this?

Question 3: If it's not true, how can we kill this meme that execs killed the company not the union

Thanks for comments in advance, appreciate your time


TOPICS: Business/Economy; Education; Government; Miscellaneous
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1 posted on 11/18/2012 7:12:59 PM PST by Explodo
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To: Explodo

“Question 3: If it’s not true, how can we kill this meme that execs killed the company not the union”

Think about it... Why would an exec raise their salery to the point of bankrupting the company and killing the goose that laid the golden egg?


2 posted on 11/18/2012 7:18:47 PM PST by babygene
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To: Explodo

It was a privately held company if they wanted to pay themselves that money it was their right to do so.Who told the workers that they were entitled to what the owner had built?


3 posted on 11/18/2012 7:20:04 PM PST by chris_bdba
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To: babygene

If it sounds like a union thug talking point....

Besides, who could blame the execs for wanting more money when they have to deal with the union?


4 posted on 11/18/2012 7:21:06 PM PST by TheDon (In 2012, American voters chose European style big gov't.)
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To: Explodo

If the company was operating under bankruptcy protection, would the brankruptcy judge approve such an increase?


5 posted on 11/18/2012 7:23:54 PM PST by Maine Mariner
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To: chris_bdba

Wonder if the management group was a bunch of LEfties....I seem to remember reading something about the group that took hostess out of trouble the first time were far left Dems.


6 posted on 11/18/2012 7:23:58 PM PST by Explodo (Pessimism is simply pattern recognition)
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To: Explodo
ask them why drivers that deliver cake cannot deliver bread and drivers that deliver bread cannot deliver cake so they had to have two different trucks to deliver cake and bread products to the same store and then another employee to move the product from the store room to the shelves

and why drivers wouldn’t load their own trucks and or why workers who loaded bread are not allowed to load cake???

it's called feather bedding...

7 posted on 11/18/2012 7:28:04 PM PST by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: Explodo

It sounds like the Hostess execs wanted to squeeze all the money they could out of the company before they filed for bankruptcy.


8 posted on 11/18/2012 7:30:07 PM PST by turn_to
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To: Explodo

What business is it of the Unions ,how much money Executives make?


9 posted on 11/18/2012 7:30:24 PM PST by Venturer
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To: Explodo

These lefties aren’t too concerned about the exploding pensions in the public sector management, like professors,etc?


10 posted on 11/18/2012 7:30:35 PM PST by Mark (For the first time in my life, I'm no longer proud of my country.)
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To: Explodo

These are all good responses, but in the new post-American world we have to avoid bourgeois constructs like math and ask, “Why didn’t Obama save Hostess!”. Obama lied, Twinkies died!


11 posted on 11/18/2012 7:33:02 PM PST by Flick Lives (We're going to be just like the old Soviet Union, but with free cell phones!)
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To: Explodo
The Hostess Liquidation: A Curious Cast Of Characters As The Twinkie Tumbles
12 posted on 11/18/2012 7:33:19 PM PST by FReepaholic (Stupidity is not a crime, so you're free to go.)
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To: Explodo
I seem to remember reading something about the group that took hostess out of trouble the first time were far left Dems.

Don't know about far left, but it is a curious thing, especially after the Dems bashing venture capitalists such as Bain/Romney... See here:

The Hostess Liquidation: A Curious Cast Of Characters As The Twinkie Tumbles

13 posted on 11/18/2012 7:33:37 PM PST by NoCmpromiz (John 14:6 is a non-pluralistic comment.)
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To: FReepaholic

Beat me by 17 seconds;-)


14 posted on 11/18/2012 7:34:52 PM PST by NoCmpromiz (John 14:6 is a non-pluralistic comment.)
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To: turn_to

you are on the wrong board....perhaps you should head over to Du where they would appreciate your dumb comment


15 posted on 11/18/2012 7:35:11 PM PST by Nifster
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To: Explodo
From, of all places, Huff Post:

CORRECTION: An earlier version of as well as an earlier headline of this post incorrectly stated that Greg Rayburn received a 300 percent raise as CEO of Hostess as the company approached bankruptcy. Rayburn wasn't CEO of Hostess until after the company filed for bankruptcy. The post also incorrectly stated that he was paid a salary of up to $2,550,000 per year. His salary when he joined the company was $100,000 per month, according to a company spokesman.

16 posted on 11/18/2012 7:38:22 PM PST by ShadowDancer ("Don't expect to build up the weak by pulling down the strong.")
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To: Venturer

“What business is it of the Unions ,how much money Executives make?”

I think that depends on how much the workers are making.
I personally would not like it if I were taking an 8% pay cut and a suspension of pension bennies as well as a cut in health insurance and the CEO got 1 300% raise.

I guess Kenneth Lay was worth every penny huh?


17 posted on 11/18/2012 7:38:25 PM PST by snarkybob (')
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To: Explodo
Actually, I think the biggest culprit in all of this is Michelle 0bama and her assault on treats and school lunch boxes. Her name should be included in ANY discussion of Hostess' demise.
18 posted on 11/18/2012 7:41:40 PM PST by Obama_Is_Sabotaging_America (IMPEACH OBAMA)
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To: NoCmpromiz

Great minds...


19 posted on 11/18/2012 7:43:26 PM PST by FReepaholic (Stupidity is not a crime, so you're free to go.)
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To: turn_to

“It sounds like the Hostess execs wanted to squeeze all the money they could out of the company before they filed for bankruptcy.”

It was their company... they could have as easily just shut it down - but they gave the unions a choice.

I wouldn’t be surprised when someone else buys the brands - it won’t be a union shop any mo.....


20 posted on 11/18/2012 7:49:05 PM PST by mike_9958
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