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Santorini 
Group: Members
Posts: 2015
Joined: Nov. 2007
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Posted on: Nov. 17 2012,8:15 am |
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Check out the 25 pages of of hostess goodies for sale on ebay 
Crazy!!
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"Things turn out best for those who make the best
of the way things turned out." Jack Buck
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| Post Number: 2
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Self-Banished
Group: Members
Posts: 22654
Joined: Feb. 2006
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Posted on: Nov. 17 2012,8:45 am |
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All because the lame teamsters wouldn't move.
Perhaps Obama should get in there and buy the assets of Hostess with taxpayer money, give it to the unions, screw over any stockholders.
Nope, wait, can't do that, elections are over, nothing to be gained.
Besides, Texas went to Rummy.
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 Remember boys and girls,
Don’t be a Dick …
Or a “Wayne” 
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| Post Number: 3
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Botto 82
Group: Members
Posts: 6293
Joined: Jan. 2005
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Posted on: Nov. 17 2012,8:51 am |
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Incorrect. The Teamsters crossed the lines. It was the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union that refused to budge.
As mismanaged as Hostess was in recent years, coupled with Americans' move toward healthier fare, I would say there are other factors besides organized labor that led to the demise of Twinkies.
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Dear future generations: Please accept our apologies. We were rolling drunk on petroleum.
- Kurt Vonnegut
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| Post Number: 4
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grassman
Group: Members
Posts: 3858
Joined: Mar. 2006
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Posted on: Nov. 17 2012,8:59 am |
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I think it is just a ploy to break up contracts. They will be up and running in less than a year with cheaper labor and larger profits. Remember, marijauna has been legalized in Washington and Colorado.
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git er done!
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| Post Number: 5
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Self-Banished
Group: Members
Posts: 22654
Joined: Feb. 2006
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Posted on: Nov. 17 2012,10:30 am |
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(Botto 82 @ Nov. 17 2012,8:51 am)
QUOTE Incorrect. The Teamsters crossed the lines. It was the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union that refused to budge.
As mismanaged as Hostess was in recent years, coupled with Americans' move toward healthier fare, I would say there are other factors besides organized labor that led to the demise of Twinkies.
Ok, still a union that would not compromise. So they cut off their nose to spite their face. Either way, they're out of a job in a failing economy.
18500 newly unemployed, will do wonders for dum dum's economic numbers.
Doesn't matter much, Jan. Coming,
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Remember boys and girls,
Don’t be a Dick …
Or a “Wayne”
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Liberal
Group: Moderator
Posts: 11451
Joined: Aug. 2003
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Posted on: Nov. 17 2012,11:00 am |
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QUOTE But while headlines have been quick to blame unions for the downfall of the company there’s actually more to the story: While the company was filing for bankruptcy, for the second time, earlier this year, it actually tripled its CEO’s pay, and increased other executives’ compensation by as much as 80 percent. At the time, creditors warned that the decision signaled an attempt to “sidestep” bankruptcy rules, potentially as a means for trying to keep the executive at a failing company. The Confectionery, Tobacco Workers & Grain Millers International Union pointed this out in their written reaction to the news that the business is closing: 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. http://thinkprogress.org/economy...bile=nc
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The people are masters of both Congress and courts, not to overthrow the Constitution, but to overthrow the men who pervert it!
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| Post Number: 7
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Liberal
Group: Moderator
Posts: 11451
Joined: Aug. 2003
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Posted on: Nov. 17 2012,11:07 am |
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QUOTE When Hostess Brands announced that it would close up its operations, the forces most responsible for that decision were two hedge funds that control hundreds of millions of Hostess debt and which have finally decided they won't squeeze any more filling into the Twinkie. The funds, Silver Point and Monarch, are what are known as distressed debt investors. They buy the debt of troubled companies—usually at steep discounts. Some consider them white knights who are willing to take make risky investments in companies on the verge of failure. Others say they are “vulture funds.” Only Silver Point and Monarch could have kept Hostess out of liquidation and kept the Twinkie bakery ovens firing. But they were, ultimately, unable to reach a deal with the unions that represents the workers who make and deliver products like Twinkies, Wonderbread and Ding Dongs. Without large union concessions—what some would say, total union capitulation—the hedge funds decided Hostess would have to die. http://www.cnbc.com/id/49853653
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The people are masters of both Congress and courts, not to overthrow the Constitution, but to overthrow the men who pervert it!
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| Post Number: 8
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Botto 82
Group: Members
Posts: 6293
Joined: Jan. 2005
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Posted on: Nov. 17 2012,12:35 pm |
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^There you go, confusing people with facts, again...
The minus-minds will still blame Obama. 
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Dear future generations: Please accept our apologies. We were rolling drunk on petroleum.
- Kurt Vonnegut
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Self-Banished
Group: Members
Posts: 22654
Joined: Feb. 2006
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Posted on: Nov. 17 2012,8:01 pm |
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So let all the laid off workers pool their money and start their own company. They can call it "gay sounding snackcake company". Direct competition with Keebler.
Typical union thugs can go put a baseball bat across Ernie's kneecaps.
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Remember boys and girls,
Don’t be a Dick …
Or a “Wayne”
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| Post Number: 10
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Santorini
Group: Members
Posts: 2015
Joined: Nov. 2007
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Posted on: Nov. 18 2012,9:12 am |
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(Liberal @ Nov. 17 2012,11:00 am)
QUOTE QUOTE But while headlines have been quick to blame unions for the downfall of the company there’s actually more to the story: While the company was filing for bankruptcy, for the second time, earlier this year, it actually tripled its CEO’s pay, and increased other executives’ compensation by as much as 80 percent. At the time, creditors warned that the decision signaled an attempt to “sidestep” bankruptcy rules, potentially as a means for trying to keep the executive at a failing company. The Confectionery, Tobacco Workers & Grain Millers International Union pointed this out in their written reaction to the news that the business is closing: 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. http://thinkprogress.org/economy...bile=nc
yea...guess the union showed them!!
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"Things turn out best for those who make the best
of the way things turned out." Jack Buck
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