Conservatives are leaping at the Hostess liquidation as affirmation of their anti-union worldview. Organized labor is killing Twinkies and 18,500 jobs, thus shafting the little guy.
Hostess certainly didn't shaft the big guys who drove the company into the ground:
[Bakery, Confectionery, Tobacco Workers and Grain Millers International Union]?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 [press release, BCTGM union press release, 2012.11.13].
The union also notes that those well-fed CEOs have already unilaterally withheld $160 million in promised pension contributions over the past year while failing to right the company's fiscal ship. That mulct comes on top of the $100 million worth of concessions workers accepted during Hostess's first bankruptcy in 2004. Hmm... any Romney-Ryan/Rand readers want to construct a givers-and-takers narrative here?
tcu football westminster bonnaroo 2012 lineup twisted metal sea lion si swimsuit 2012 westminster dog show
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.