Posted on 12/08/2005 11:37:31 AM PST by evets
Pittsburgh Brewing, forced into bankruptcy yesterday to avoid a cutoff of its water supply, plans to get rid of more than $6 million in pension obligations and emerge from bankruptcy with its ownership group intact, Vice Chairman Joseph Piccirilli said.
From left, Pittsburgh Brewing Co.'s Valerie Stoltz, director of human resources; Tony Ferraro, vice president of sales and marketing; Jeff Vavro from media relations; and Joseph Piccirilli, vice chairman, talk after a news conference at the brewery in Lawrenceville yesterday afternoon
(Excerpt) Read more at post-gazette.com ...
With a name like "Iron City" how could you...well, lets' just say that I people who will drink anything...
OK. Can't argue with you on that one. I don't even think there was a formula for IC Light, just "add water."
SD
I knew I'd find you here ;-)
Actually, the French drink a type of beer-citrus mix. Some colleagues of mine accidentally ordered one in De Gaulle airport once.
Why the powers that be in Pittsburgh would have thought this was a good idea for millworkers is beyond me.
SD
That's gotta be wicked-warm and spit-like at the bottom. :)
SD
All I know is that it was the absolutely WORST beer I've ever had in my life...
except perhaps for those few accidental swigs I took outta a can that somebody was using for an ashtray...
But it's a close call... very hard to say which was worse.
That's it! It would have been 1975 Superbowl Champ cans that I built my pyramid out of. I bet it was six feet tall, and it was stacked on top of my radiator in my room, which took it nearly to the ceiling.
If I could remember them, I'm sure those would have been "the days!" :)
Shiner Bock Bump! Yee Haw!
I usually don't buy things from New York, But Ginnie Cream was my top choice when I lived up north. Second choice was Molson. Now I just drink a rare Shiner Bock.
Ditto that.
SD
Yep. Shiner Bock beats 'em all.
Well, there goes another corporate bailout funded by the taxpayers via the Pension Guarantee Fund. There should be a provison that before a company can do this, the CEO and board of directors, as well as other officers, should be canned with no golden parachutes.
Without that, the same incompetent bunch can continue to run the company into the ground while collecting six-figure salaries.
Might as well add turning 50% of their stock over to the Feds as well, with no allowance for the company to issue any more. If the company turns the corner, the Feds can sell the stock and put the money back into the fund. If they fail, the Feds aren't out any more than they are now. Facing such Draconian restrictions, this scam of abandoning the workers' pension obligations wouldn't look so good.
Schlitz is onomatopoetic.
I think that's how the flu gets spread around.
Too bad. I took a case of IC to my in-laws (all pittsburgh natives) 4th of July party last yr and my wife gave me the fish eye! I was the only one that drank any.
The nice thing about the wide-mouth is that it doubles as a restroom on long trips.
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