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11-17-2012, 05:37 PM
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#62
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Registered User
Join Date: Aug 2004
Location: Behind the Pine Curtain
Posts: 10,646
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Dan rolling out AFL-CIO talking points for ammo..... LMAO
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11-17-2012, 06:16 PM
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#63
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Registered User
Join Date: Feb 2003
Location: NE Ohio
Posts: 16,487
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Its nice to see the workers have their principles. I'd love to hear the dinner discussion with the wife and kids; "we've got no money coming in, but they didn't show us up!
Good luck paying bills with principles. And I hear if you put enough ketchup on them, principles can be quite tasty.
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11-17-2012, 08:27 PM
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#64
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Registered User
Join Date: Jun 2009
Posts: 14,569
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Blinkies
I have the oven warming up.
A cross between blintzes and Twinkies.
Blinkies....yummmmm 
Got Costco and Wal Mart on speed dial......... 
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11-17-2012, 10:44 PM
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#65
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Just another Facist
Join Date: Mar 2002
Location: Now in Houston
Posts: 52,786
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Bain-Style = Successful and profitable
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11-18-2012, 12:09 AM
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#66
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@TimeformUSfigs
Join Date: Jan 2002
Location: Moore, OK
Posts: 46,828
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11-18-2012, 01:07 AM
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#67
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Just another Facist
Join Date: Mar 2002
Location: Now in Houston
Posts: 52,786
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Hmmm...........Looks familiar............. 
That Little Debbie Bitch is now the Teamsters number 1 target!
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11-18-2012, 01:20 AM
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#68
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Librocubicularist
Join Date: Jun 2010
Location: Ohio
Posts: 10,466
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Quote:
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Originally Posted by tbwinner
The last sentence/quote speaks mountains about the entitlement society that extended unemployment has created:
"But if I have to take the cuts they're talking about I can get more from unemployment."
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But you can't argue with the logic.
It isn't rocket science to see that the company is doomed. Why prolong your own agony by accepting a cut? Get to work on your resume! 
__________________
Sapere aude
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11-18-2012, 03:26 AM
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#69
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Just another Facist
Join Date: Mar 2002
Location: Now in Houston
Posts: 52,786
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Never
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11-18-2012, 07:40 AM
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#70
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Registered User
Join Date: Nov 2002
Posts: 30,398
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http://management.fortune.cnn.com/20...kies-bankrupt/
Even as it played the numbers game, Hostess had to face chaos in the corner office at the worst possible time. Driscoll, the CEO, departed suddenly and without explanation in March. It may have been that the Teamsters no longer felt it could trust him. In early February, Hostess had asked the bankruptcy judge to approve a sweet new employment deal for Driscoll. Its terms guaranteed him a base annual salary of $1.5 million, plus cash incentives and “long-term incentive” compensation of up to $2 million. If Hostess liquidated or Driscoll were fired without cause, he’d still get severance pay of $1.95 million as long as he honored a noncompete agreement.
When the Teamsters saw the court motion, Ken Hall, the union’s secretary-treasurer and No. 2 man, was irate. So much, he thought, for what he described as Driscoll’s “happy talk” about “shared sacrifice.”
The board replaced Driscoll with Greg Rayburn, a restructuring expert Hostess had hired as a consultant only nine days earlier. Rayburn was a serial turnaround specialist who had worked with such high-profile distressed businesses as WorldCom, Muzak Holdings, and New York City Off-Track Betting. He became Hostess’s sixth CEO in a decade. Within a month of taking over, Rayburn had to preside over a public-relations fiasco. Some unsecured creditors had informed the court that last summer — as the company was crumbling — four top Hostess executives received raises of up to 80%. (Driscoll had also received a pay raise back then.) The Teamsters saw this as more management shenanigans. “Looting” is how Hall described it in TV interviews.
Rayburn announced that the pay of the four top executives would go down to $1 for the year, but that their full salaries would be reinstated no later than Jan. 1. Hostess pays Rayburn $125,000 a month, according to court filings.
______________
Hostess Twinkies’ former CEO tripled his salary earlier this year to $2.55 million while the company knew it was heading towards bankruptcy, according to a statement by the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union.
And a number of top executives reportedly saw massive pay raises, some nearly doubling their salary. And now the new CEO is blaming the unions for the company’s demise.
Ah, another CEO who courageously blames the union for his company’s failure, while omitting the part about the company tripling his immediate predecessor’s pay, and reportedly doubling the salaries of other top executives, while knowing that the company was on life support. Damn unions, indeed.
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11-18-2012, 10:07 AM
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#71
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The Voice of Reason!
Join Date: Mar 2001
Location: Canandaigua, New york
Posts: 112,858
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Quote:
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Originally Posted by Actor
But you can't argue with the logic.
It isn't rocket science to see that the company is doomed. Why prolong your own agony by accepting a cut? Get to work on your resume! |
Oh yes, and allow the rest of us who still go to work to pay for you while you do so. Leeches - nothing but stinking leeches. 23 million out of work and this bunch a scumbags chooses to give them up.
We should deport the lot of them. American would better off with this group of takers.
__________________
Who does the Racing Form Detective like in this one?
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11-18-2012, 10:29 AM
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#72
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Canadian since 51
Join Date: Jul 2006
Location: Toronto
Posts: 3,458
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Quote:
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Originally Posted by JustRalph
Bain-Style = Successful and profitable
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Yep, for the rich owners, managers and investors. Thank you- Mr. Gekko. 
As for the workers of those deep sixed companies- "let them eat cake"... on the dole.
Sounds "Fair & Balanced" to me.
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11-18-2012, 10:39 AM
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#73
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Registered User
Join Date: Aug 2004
Location: Behind the Pine Curtain
Posts: 10,646
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Quote:
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Originally Posted by Rookies
Yep, for the rich owners, managers and investors. Thank you- Mr. Gekko.
As for the workers of those deep sixed companies- "let them eat cake"... on the dole.
Sounds "Fair & Balanced" to me. |
"Rich" managers? You're definitely "challenged" as they say.
Envy is a sign of ignorance. Ditch it.
Last edited by ElKabong; 11-18-2012 at 10:40 AM.
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11-18-2012, 10:39 AM
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#74
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Registered User
Join Date: Apr 2008
Location: Louisiana
Posts: 5,597
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Quote:
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Originally Posted by hcap
http://management.fortune.cnn.com/20...kies-bankrupt/
Even as it played the numbers game, Hostess had to face chaos in the corner office at the worst possible time. Driscoll, the CEO, departed suddenly and without explanation in March. It may have been that the Teamsters no longer felt it could trust him. In early February, Hostess had asked the bankruptcy judge to approve a sweet new employment deal for Driscoll. Its terms guaranteed him a base annual salary of $1.5 million, plus cash incentives and “long-term incentive” compensation of up to $2 million. If Hostess liquidated or Driscoll were fired without cause, he’d still get severance pay of $1.95 million as long as he honored a noncompete agreement.
When the Teamsters saw the court motion, Ken Hall, the union’s secretary-treasurer and No. 2 man, was irate. So much, he thought, for what he described as Driscoll’s “happy talk” about “shared sacrifice.”
The board replaced Driscoll with Greg Rayburn, a restructuring expert Hostess had hired as a consultant only nine days earlier. Rayburn was a serial turnaround specialist who had worked with such high-profile distressed businesses as WorldCom, Muzak Holdings, and New York City Off-Track Betting. He became Hostess’s sixth CEO in a decade. Within a month of taking over, Rayburn had to preside over a public-relations fiasco. Some unsecured creditors had informed the court that last summer — as the company was crumbling — four top Hostess executives received raises of up to 80%. (Driscoll had also received a pay raise back then.) The Teamsters saw this as more management shenanigans. “Looting” is how Hall described it in TV interviews.
Rayburn announced that the pay of the four top executives would go down to $1 for the year, but that their full salaries would be reinstated no later than Jan. 1. Hostess pays Rayburn $125,000 a month, according to court filings.
______________
Hostess Twinkies’ former CEO tripled his salary earlier this year to $2.55 million while the company knew it was heading towards bankruptcy, according to a statement by the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union.
And a number of top executives reportedly saw massive pay raises, some nearly doubling their salary. And now the new CEO is blaming the unions for the company’s demise.
Ah, another CEO who courageously blames the union for his company’s failure, while omitting the part about the company tripling his immediate predecessor’s pay, and reportedly doubling the salaries of other top executives, while knowing that the company was on life support. Damn unions, indeed.
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Harry, it's amazing you on the left continue to talk about executives pay....did you not see the link I posted earlier in this thread regarding the FAILING USPS and their executive pay?? Or is that somehow different?
__________________
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable rights, that among these are life, liberty and the pursuit of happiness. That to secure these rights, governments are instituted among men,deriving their just powers from the consent of the
governed.
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11-18-2012, 01:49 PM
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#75
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Registered User
Join Date: Nov 2002
Posts: 30,398
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Quote:
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Originally Posted by newtothegame
Harry, it's amazing you on the left continue to talk about executives pay....did you not see the link I posted earlier in this thread regarding the FAILING USPS and their executive pay?? Or is that somehow different? |
I did not see the post. What #?
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