The long term problems are due to corporate mis-management, the fact that the company is shutting down today is due to one union.
IMO
Where are you getting this information?
That's where his "IMO" comes into play.
Do you think the people who work(ed) at Hostess...
...regret going on strike? 18,000 jobs gonzo.
No
They were interviewed on TV news here and they were tired of giving concessions and going backwards on pay.
Now their only option will be to re-hired at minimum wage with no benefits.
That's American entitlement mentality for you.
Yes, corporate execs and shareholders have developed a mentality that they are entitled to the fruits of the labor of others without fair compensation. They're a bunch of parasites, oblivious to the reality that they are destroying our nation.FTFY.
Yes, corporate execs and shareholders have developed a mentality that they are entitled to the fruits of the labor of others without fair compensation. They're a bunch of parasites, oblivious to the reality that they are destroying our nation.
The execs will walk way rich. This was vulture capitalist looting. The employees get screwed out of the pensions they earned because the execs chose to underfund the pension plan. The execs aught to be in jail. Instead they get rich.It's a two-way street. You're saying that they just willingly shot themselves in the foot to spite the poor employees. Now the employees are free to go work somewhere else but the corporate execs and shareholders are laughing all the way BACK to bankruptcy court.
BTW, those poor employees are not saddled with the bankruptcy and are free to seek employment elsewhere. Yes, they are screwed too, but the execs and shareholders are screwed worse and are not the ones who did the screwing like you fantasize.
"I'll burn everything I own down rather than give you another dollar!"
Yep. That makes perfect sense. Greedy execs. Explains everything. So simple. Almost, cartoon-like.
If I were in charge and I had "rich" money and the only way to avoid all this and continue operation was to give it all up to the union and operate the company at no profit, you'd better believe I'd do the same thing.The execs will walk way rich. This was vulture capitalist looting. The employees get screwed out of the pensions they earned because the execs chose to underfund the pension plan. The execs aught to be in jail. Instead they get rich.
This was looting and underfunding the pension plan was theft. It wasn't the shareholders' money, it belonged to the employees who earned it and the execs stole it. Stealing the pension funds was made legal by a corrupt government paid off by the wealth class. Class warfare plain and simple.If I were in charge and I had "rich" money and the only thing that could avoid all this was to give it all up and operate the company at no profit, you'd better believe I'd do the same thing.
It's not loting just because it's not a charity. Cry about it.
This was looting and underfunding the pension plan was theft. It wasn't the shareholders' money, it belonged to the employees who earned it and the execs stole it. Stealing the pension funds was made legal by a corrupt government paid off by the wealth class. Class warfare plain and simple.
I agree. IMO, unions do NOT server any purpose in today's workforce.
Which part of the word earned are you confused about? The workers performed labor in return for agreed compensation. The execs shortchanged the workers by $2 billion.Barking up the wrong tree again. They underfunded it because they were BANKRUPT and couldn't afford it. Why couldn't they afford it? The very same union that now demanded more.
They aren't entitled to the execs' and investors' money. In fact, the investors ARE entitled to it. It's the whole point of investing. Got it?
Um. What?they didnt go on strike, the union coerced them to do it, another reason to get rid of these scum of the society. First they force the workers to pay up and then use to money to elect liberal dipshits, that's their only purpose. Look at the Detroit big 3, once they were able to get rid of the unions, they prospered.
Ya, and I think police no longer serve any purpose in society.
I mean once when there was crime they did but now they're just a waste of taxes.
Um. What?
Barking up the wrong tree again. They underfunded it because they were BANKRUPT and couldn't afford it. Why couldn't they afford it? The very same union that now demanded more.
They aren't entitled to the execs' and investors' money. In fact, the investors ARE entitled to it. It's the whole point of investing. Got it?
The big three are still unionized so wtf are you going on about?put the kool aid down, let it wear off, then you might be able to understand.
The big three are still unionized so wtf are you going on about?
Current day workers are competing with Chinese, south American and other cheap labors AND the workers work of companies that compete with others in a competitive marketplace. Police does not do either so you argument fails.
With respect to your analogy, crime did not you cease to exist but workers right did they day Nixon and other made us lay down and spread our legs for China, so take you failed argument and stick it up your master's a$$
but its not the same, they do not have the same power, their salary, benefits, pensions were significantly reduced or eliminated. If they didn't declare bankruptcy they would have never been able to get rid of the old union ways and THAT would have taken them down for good. The current union is just for namesake, its castrated and that's what helping them prosper.
News is reporting that Hostess has accepted an offer from Lard Lad Bakeries.
Never heard of them.