Home Forums Hunting & Shooting Hunter's Campfire Hostess gone

Fair point...and why importing Mexicans is so popular today.

Of course, theres always this to ponder if you're an employee of hostess.

When a company hires a LIQUIDATION CEO prior to wage negotiations (to save the company), you'd have to be total fuggin' idiot to believe that Rayburn/Hostess is even remotely serious about trying to save the company. He was hired to liquidate the company...just a matter of when and how much he could bilk out of the employees.

He's a fuggin' hatchet man...plain and simple.

So you get to ask questions and I answer them but you don't answer mine? OK, you are not alone in those rules.
I take it you've never been a C level exec anywhere? It's not about the 'bakery industry'. It's about managing a retail goods manufacturing company. If the CEOs were coming up with new recipes and had never been in a kitchen before, you 'point' might have some merit.
But I concede. Blasted management strikes again. The unionistas are victims again... well... except for the union bosses of course. They win either way.

Depends. What critieria for those bonuses based on? IMO bonuses based on stock prices are not in the long term best interest of a company but it happens and the executives themselves don't set the criteria.

RIP my friend...

If the company is failing, then the execs are failing. Execs are there to lead the company to profits. Granted, union contracts can hamstring them if the market changes after the contracts are signed, but there shouldn't be any bonuses paid when the company is running in the red.

Soooooooo I wonder how much they will sell for on EBay! Got to love you guys arguing over who killed Twinkie the Kid. I sure both sides of this argument here are privy to all teh facts involved.

I got to run now to stock up at my local grocery store.....prepare for the zombie hoards ya know!

Agreed. I'll take it further, the last publicly traded company I worked for will hopefully be the last. But the older I get the less it matters I suppose.

Oh bullchit...those execs deserve their BONUS pay...its the workers that dont deserve their $13.78/hour SALARY.

Some of you are under the misconception that 'bonuses' are only paid when a company performs well. I have never seen an executive bonus plan where the financial well being of the company is the only item they were bonused on. It many cases it's not even remotely the majority of what they are bonused on. And bonuses are not 'extra'. They sign on the dotted line when hired. It is part of their compensation just like salary. Variable, yes, but not 'extra'.

The expression "monkey on your back" comes from an ancient fable about a man who, in a time of plenty, carried a monkey on his back and fed the monkey a banana whenever he ate one. (But today, no one pays any attention to the wisdom of ancient fables. And no body here will pay any attention to this post. �'est la vie.)

Came a time of famine. Fewer and fewer bananas until there were none. But the monkey's appetite for bananas still demanded satisfaction. It did the man in.

A friend of mine died from the same parasitic insistence. Literally.

In Alaska as a young man, he ate raw caribou and ingested parasites. As long as he was fit, the appetite of that inner colony was no problem. He stayed hard and strong as long as he was active.

He went back to his childhood home in Germany when he retired � stayed too long � got sick enough to be hospitalized � died there as puzzled doctors strained and struggled to diagnose what was killing him.

Autopsy revealed the cause � that colony of parasites had eaten his life out of him.

And of course the parasites died, too.

Unions often = monkeys = caribou worms.

That's the nature of the beasts.

If they did what the items called for in their plan they not only deserve it, they are legally entitled to it.
Never had a bonus plan huh Buzz?

And Employees also agreed on a contract of wages/benefits and also signed on the dotted line through negotiations with Management (who signed the same contract).

Fair aint Fair though when the fertilizer hits the ventilator...

Seems it is. They are all out of work.

Man, i'd sure like to make 50k a week for running something I dont know anything about.
You going to find an awful lot of guys on this board with that bald spot on the back of there heads......
Companies always die,
From the neck up.
Always.

dave

Were the Unions representing Hostess workers and Hostess in labor negotiations?

Yes.

Did Hostess offer the Unions a contract that would pay money for services rendered?

Yes.

Did the Unions turn down said deal?

Yes.

Did Hostess warn the Unions that they could either accept the deal or they would file bankruptcy?

Yes.

Did they file bankruptcy, and as of today are most of those Union workers out of a job?

Yes.

We can argue all day long about management, companies dying from the neck up, Hostess was a dead man walking, CEO's hired to do this and that. And you can continue to toe the Union line all you want. But none of that will change the FACT that the UNIONS walked away from the table and left these people out of work.

Thousands of workers out of work today, thanks to an agreement to pay a third party to collectively bargain for their jobs. Tell me again why a BAKER needs a UNION. i have a hard time understanding why a freaking baker or school teacher or restaurant worker or an electrician needs a union other than pure and simple GREED.

stop toeing the party line and tell me why a grown man would need somebody else to help him negotiate his salary.

smalljawbasser,

You're right, Hostess was a dead man walking...everyone with a single firing brain cell knew it.

The current CEO, was not hired to save the company...he was hired to liquidate the company (hatchet man). Thats what the guy does, thats his expertise as a "CEO".

Any employee, or anyone with even a remote clue, could figure out the company was toast either way.

I'd also tell them to stick in their a$$ in this case. Why work for 70% for a few more months to see the exact same result? Why let them use your 30% Salary savings to pay off the top execs, stock holders, and the liquidation CEO?

Just so you can watch them close the doors on THEIR terms with an even larger profit from ripping off their employees? The current CEO never had any intentions of saving the company and anyone that thinks otherwise is a FOOL. The previous 5 CEO's they hired in the last 8 years couldnt do it...what would lead you to believe the current liquidation CEO could?

I can tell you exactly why you need somebody else in Negotiations. Management hires experts to represent Management and negotiate with employees, vendors, safety, etc. etc. Thats ALL they do, full time job that they're paid for.

You expect an employee wiring a house or baking bread to be successful in contract, health/safety, benefits, etc. negotiations to represent themselves versus paid experts? They have a full time job they're doing already, and it has nothing to do with negotiations of any kind. Management would eat them alive in negotiations...FACT. Akin to pee-wee Herman taking on Mike Tyson in a boxing match...aint happening.

Having properly trained/educated negotiation team creates a level playing field in all negotiations. For the record, I'm pretty damn good at it.

Its the same reason I'd hire a lawyer to represent me in court...if you dont, you're simply begging for the mercy of the court system.

I dont beg...wont do it.

It is excessive if they are only producing $13.77/hr in value.

With the wage add in all the union benefits and determine if that reaches the excessive point. GW

One false notion that underlies all this is the assumption that a job exists for the benefit of the worker. No one in his right mind hires employers just so that they'll have plenty of good food on their tables.