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Originally Posted by SuckOnThis
The workers felt the company would be better off if the vulture capitalists Ripplewood Holdings that bought the company sold it rather than continue to run it in the ground.
'Hostess has stressed that sacrifices were made across-the-board at the company, though workers may feel like they've given up far more than executives. As the Wall Street Journal reported, the company's four top executives agreed earlier this year to work for a salary of $1 until Hostess emerged from bankruptcy -- but only after enjoying raises of 75 to 80 percent in 2011, when the company had already hired restructuring lawyers.'
This is exactly how Romney and his ilks made their fortunes. Buy profitable companies like Hostess, borrow money against the company to pay their millions in 'management fees', and tell the workers to take a pay cut and if they don't shut the company down or relocate to China. All the while having the trailer park conservatives being their little anti-union foot soldiers.
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Quote:
Originally Posted by epitome
Executives gave themselves 300% raises the same time they were battling the union.
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If it were my company...you're damn straight I would make my money. I'm not in life to raise other people like they are children.
The FACT is...the union just cost them all their jobs.
Last week they had a job. Now they do not.
The rent won't pay itself for those people, the insurance payment, the car payment, etc. are all going to come due. And if the union had backed the fuck up...they would all still have jobs.
But I guess that's why some people are losers and some people win. So congrats to the winners!!! Yay! Go union!
