No more Twinkies for you!
#21
Boost Pope
iTrader: (8)
Join Date: Sep 2005
Location: Chicago. (The less-murder part.)
Posts: 33,478
Total Cats: 6,897
I understand what you're saying.
I just don't understand why Hostess did not adjust their pricing to reflect increases in labor cost and the cost of materials, thus enabling them to remain in business.
Look at the tobacco industry. Probably the most heavily taxed item on the planet, the retail price of a pack of cigarettes had probably quadrupled (adjusted for inflation) over the past two decades. And yet when's the last time you heard of a cigarette manufacturer going out of business?
I just don't understand why Hostess did not adjust their pricing to reflect increases in labor cost and the cost of materials, thus enabling them to remain in business.
Look at the tobacco industry. Probably the most heavily taxed item on the planet, the retail price of a pack of cigarettes had probably quadrupled (adjusted for inflation) over the past two decades. And yet when's the last time you heard of a cigarette manufacturer going out of business?
#22
Former Vendor
iTrader: (31)
Join Date: Nov 2006
Location: Sunnyvale, CA
Posts: 15,442
Total Cats: 2,104
Look at the tobacco industry. Probably the most heavily taxed item on the planet, the retail price of a pack of cigarettes had probably quadrupled (adjusted for inflation) over the past two decades. And yet when's the last time you heard of a cigarette manufacturer going out of business?
Slightly.
#24
Elite Member
iTrader: (11)
Join Date: Jun 2007
Location: Overland Park, Kansas
Posts: 5,360
Total Cats: 43
You mean something started by some mega million dollar investor that would hire non-unionized workers and turn a profit, much like you libs are always crying about taxing more? Probably.
#28
Over the past eight years since the first Hostess bankruptcy, BCTGM members have watched as money from previous concessions that was supposed to go towards capital investment, product development, plant improvement and new equipment, was squandered in executive bonuses, payouts to Wall Street investors and payments to high-priced attorneys and consultants.
BCTGM members are well aware that as the company was preparing to file for bankruptcy earlier this year, the then CEO of Hostess was awarded a 300 percent raise (from approximately $750,000 to $2,550,000) and at least nine other top executives of the company received massive pay raises. One such executive received a pay increase from $500,000 to $900,000 and another received one taking his salary from $375,000 to $656,256.
Over the past 15 months, Hostess workers have seen the company unilaterally end contractually-obligated payments to their pension plan. Despite saving more than $160 million with this action, the company continues to fall deeper and deeper into debt. A mountain of debt and gross mismanagement by a string of failed CEO's with no true experience in the wholesale baking business have left this company unable to compete or survive.
BCTGM members are well aware that as the company was preparing to file for bankruptcy earlier this year, the then CEO of Hostess was awarded a 300 percent raise (from approximately $750,000 to $2,550,000) and at least nine other top executives of the company received massive pay raises. One such executive received a pay increase from $500,000 to $900,000 and another received one taking his salary from $375,000 to $656,256.
Over the past 15 months, Hostess workers have seen the company unilaterally end contractually-obligated payments to their pension plan. Despite saving more than $160 million with this action, the company continues to fall deeper and deeper into debt. A mountain of debt and gross mismanagement by a string of failed CEO's with no true experience in the wholesale baking business have left this company unable to compete or survive.
#29
Sarcasm: Those dam workers wanting reasonable pay and benefits. It’s their fault, pay no attention to the investors and the executives pilfering the company. It would all work out if we just give the investors and executives a bigger tax cut so they could keep more of the money they are pilfering. It would incentivize and empower them to pilfer more that would be good right.
Last edited by bbundy; 11-17-2012 at 12:26 AM.
#30
Elite Member
iTrader: (11)
Join Date: Jun 2007
Location: Overland Park, Kansas
Posts: 5,360
Total Cats: 43
Go ahead and live in your delusional world of horrification of rich investors while they continue to pilfer the economy by taking all the wealth generated, along with worker pensions and run up company credit cards to pay themselves more while scapegoating the workers for running the company into the ground.
Read more here: Hostess Continues Pattern Of Misinformation - PR Newswire - The Sacramento Bee
Read more here: Hostess Continues Pattern Of Misinformation - PR Newswire - The Sacramento Bee
Jesus you're the delusional one here man..
#31
Boost Pope
iTrader: (8)
Join Date: Sep 2005
Location: Chicago. (The less-murder part.)
Posts: 33,478
Total Cats: 6,897
Go ahead and live in your delusional world of horrification of rich investors while they continue to pilfer the economy by taking all the wealth generated, along with worker pensions and run up company credit cards to pay themselves more while scapegoating the workers for running the company into the ground.
I don't mean that in a facetious way, and I don't mean that you're a Stalinist or anything absurd like that. I'm not talking about McCarthyism or little red books.
I mean it in the way that some people might casually describe themselves by saying "I'm a democrat" or "I'm a libertarian."
You genuinely believe that this country would be better off if the the workers owned the means of production, and income disparity between the bourgeoisie and the "working class" were eliminated, don't you?
#33
You're a communist, aren't you?
I don't mean that in a facetious way, and I don't mean that you're a Stalinist or anything absurd like that. I'm not talking about McCarthyism or little red books.
I mean it in the way that some people might casually describe themselves by saying "I'm a democrat" or "I'm a libertarian."
You genuinely believe that this country would be better off if the the workers owned the means of production, and income disparity between the bourgeoisie and the "working class" were eliminated, don't you?
I don't mean that in a facetious way, and I don't mean that you're a Stalinist or anything absurd like that. I'm not talking about McCarthyism or little red books.
I mean it in the way that some people might casually describe themselves by saying "I'm a democrat" or "I'm a libertarian."
You genuinely believe that this country would be better off if the the workers owned the means of production, and income disparity between the bourgeoisie and the "working class" were eliminated, don't you?
I believe the corporate fascists are waging a class war and there are a lot of people too stupid to realize they are winning. They are winning the propoganda war as well.
I do not believe the country would be better off if the workers owned the means of production . I believe those that do own everything however are being given too much advantage and privilege to take more and more and in the process are gaining power and creating an unstable society and economy. As a nation we have been through this before. Each time in the beginning it was good the end game not so much. Too many people lost their livelyhood end lived in opression untill we swing back past liberal to the socialist side of the spectrum again.
#35
Boost Czar
iTrader: (62)
Join Date: May 2005
Location: Chantilly, VA
Posts: 79,733
Total Cats: 4,126
I am not communist. I am a classical liberal and I am very anti-fascist. Perhaps you should look up what classical Liberal is. I’ll give you a hint it is closer to the libertarian ideal than it is to communist ideal.
I believe the corporate fascists are waging a class war and there are a lot of people too stupid to realize they are winning. They are winning the propoganda war as well.
I do not believe the country would be better off if the workers owned the means of production . I believe those that do own everything however are being given too much advantage and privilege to take more and more and in the process are gaining power and creating an unstable society and economy. As a nation we have been through this before. Each time in the beginning it was good the end game not so much. Too many people lost their livelyhood end lived in opression untill we swing back past liberal to the socialist side of the spectrum again.
I believe the corporate fascists are waging a class war and there are a lot of people too stupid to realize they are winning. They are winning the propoganda war as well.
I do not believe the country would be better off if the workers owned the means of production . I believe those that do own everything however are being given too much advantage and privilege to take more and more and in the process are gaining power and creating an unstable society and economy. As a nation we have been through this before. Each time in the beginning it was good the end game not so much. Too many people lost their livelyhood end lived in opression untill we swing back past liberal to the socialist side of the spectrum again.
always great a for a laugh bob. i appreciate your commitment to comedy.
#36
Hostess killed by greed of the robber barons to take with no remorse with the power of money. The fascist right wingers will continue to blame the unions claim that corporations are taxed too high even though they don’t really pay any tax, and that to save our economy all we need is for the income of investors and business leaders to be taxed zero or significantly less than income form labor.
**** like this is deserving of violent revolution.
Hostess Executive Bonuses: Twinkie-Maker To Seek Approval For $1.8 Million In Bonuses During Liquidation
**** like this is deserving of violent revolution.
Hostess Executive Bonuses: Twinkie-Maker To Seek Approval For $1.8 Million In Bonuses During Liquidation
#37
Boost Czar
iTrader: (62)
Join Date: May 2005
Location: Chantilly, VA
Posts: 79,733
Total Cats: 4,126
hotstess paid more than 100 million in health benefits last year FOR RETIREES
THAT
NO
LONGER
WORK
FOR
THE ******* COMPANY.
facist crooks.
I would abosultely LOVE to go to war with union scum; it would be easy and non violent. Because they can't live without us and would eventually be begging us to go back to work for them under real terms. I don't even feel bad for the 18,000 that got canned, they absoultely brought it upon themselves.
How does it feel live with so much white guilt? I dont think I could make it.
THAT
NO
LONGER
WORK
FOR
THE ******* COMPANY.
facist crooks.
I would abosultely LOVE to go to war with union scum; it would be easy and non violent. Because they can't live without us and would eventually be begging us to go back to work for them under real terms. I don't even feel bad for the 18,000 that got canned, they absoultely brought it upon themselves.
How does it feel live with so much white guilt? I dont think I could make it.
Last edited by Braineack; 11-29-2012 at 11:54 AM.
#38
Bundy you do know that you have to give executives pay raises to lead companies through bankruptcy and liquidation proceedings because otherwise they would all jump ship and there would be no one to take their place. That is just the way it is and while their pay raises may seem "significant" in terms of one persons salary, in the whole it is drops in the bucket.
As Brain stated the costs of the union contracts far far exceed that of executive compenation. There were two union in Hostess and only one was the real problem. The baker's union represented the production side factory workers and by any standards hostess was very competitive with its production costs. It was the teamster's that represented the distribution side of hostess that were the problem. They had silly **** in the contracts stating that a truck driver could not help load his own truck. There had to be a seperate employee who drove in a seperate vehicle meet the truck at the loading station and supervise the loading of merchandise. The list goes on and on. Unions were necessary at one point in time but this country has far exceeded this point and they just refuse to go dormant until they are needed. Unions grasp to hold onto and increase their power often at the expense of the companies competitiveness.
As Brain stated the costs of the union contracts far far exceed that of executive compenation. There were two union in Hostess and only one was the real problem. The baker's union represented the production side factory workers and by any standards hostess was very competitive with its production costs. It was the teamster's that represented the distribution side of hostess that were the problem. They had silly **** in the contracts stating that a truck driver could not help load his own truck. There had to be a seperate employee who drove in a seperate vehicle meet the truck at the loading station and supervise the loading of merchandise. The list goes on and on. Unions were necessary at one point in time but this country has far exceeded this point and they just refuse to go dormant until they are needed. Unions grasp to hold onto and increase their power often at the expense of the companies competitiveness.
#39
Boost Czar
iTrader: (62)
Join Date: May 2005
Location: Chantilly, VA
Posts: 79,733
Total Cats: 4,126
a truck driver could only drive breads or sweets, that means two deliveries had to be made to same place, like a 7-11.
they would not deliver to non-union shops.
most routes were unprofitable.
employees paid 0% heath coverage.
The list goes on and on.
and the executives are the bad guys? looks like they were VERY VERY VERY VERY generous giving away all their money while it lasted.
I should have striked when my last employeer was not profitable for the first time in 23 years, and had to cut benefits like 401k matching, heath insurance coverage, and a few other things, as well as fire half their employees, to try to stay afloat. ******* fat cats.
and just for the record, under fascism, men retain the semblance or pretense of private property, but the government holds total power over its use and disposal. The unions are the gov't in this case, therefore, it is THEY that are the facists and the business man that is the slave/sucker.
they would not deliver to non-union shops.
most routes were unprofitable.
employees paid 0% heath coverage.
The list goes on and on.
and the executives are the bad guys? looks like they were VERY VERY VERY VERY generous giving away all their money while it lasted.
I should have striked when my last employeer was not profitable for the first time in 23 years, and had to cut benefits like 401k matching, heath insurance coverage, and a few other things, as well as fire half their employees, to try to stay afloat. ******* fat cats.
and just for the record, under fascism, men retain the semblance or pretense of private property, but the government holds total power over its use and disposal. The unions are the gov't in this case, therefore, it is THEY that are the facists and the business man that is the slave/sucker.
Last edited by Braineack; 11-29-2012 at 12:50 PM.
#40
hotstess paid more than 100 million in health benefits last year FOR RETIREES
THAT
NO
LONGER
WORK
FOR
THE ******* COMPANY.
facist crooks.
I would abosultely LOVE to go to war with union scum; it would be easy and non violent. Because they can't live without us and would eventually be begging us to go back to work for them under real terms. I don't even feel bad for the 18,000 that got canned, they absoultely brought it upon themselves.
How does it feel live with so much white guilt? I dont think I could make it.
THAT
NO
LONGER
WORK
FOR
THE ******* COMPANY.
facist crooks.
I would abosultely LOVE to go to war with union scum; it would be easy and non violent. Because they can't live without us and would eventually be begging us to go back to work for them under real terms. I don't even feel bad for the 18,000 that got canned, they absoultely brought it upon themselves.
How does it feel live with so much white guilt? I dont think I could make it.