We also have those union bosses making 6 figures on the backs of union members, producing absolutely NOTHING.
The TEAMSTERS accepted the Hostess deal because knew the company would crash because of it.
I suggest you read the Fortune article on the demise of Hostess. Here is the link: http://management.fortune.cnn.com/2012/07/26/hostess-twinkies-bankrupt/
It appears management was dramatically increasing its own salaries at the same time it was demanding concession from the union workers. When the company exited bankruptcy in 2009 it extracted $110 million in concession from the unions plus let go thousands of workers. It is hard to maintain credibility with your workforce when you talk “shared sacrifice” but don’t walk the talk.