Hostess Execs To Get Bonuses While Their Company Implodes

We have one of the Hostess bakeries in my hometown, so I've been following this a little more closely than I normally would.

Mikey, the workers took concessions once before, in 2004. I can completely understand why they went on strike - being asked to do so again, when it evidently did not work the first time, would be horribly frustrating.

According to my local paper, the union's law firm also filed a statement in court alleging that the executives illegally tapped into pension funding, etc...and then increased exec wages by quite a bit.

I don't normally pay attention one way or the other to Xerrofoot, but I fully agree with him on this one. And for someone who accuses the union of "WAH! NOT LISTENING!" - you need to pull your own head from your ass, and pay attention to what's being said by both sides, not just by the corporate moneymakers.


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xerrofoot wrote:

This is why America needs to become a socialist country. Who cares if it's only $100k per exec, Mikey? THEY SHOULDN'T BE GETTING ANYTHING AT ALL BECAUSE THEY ARE RESPONSIBLE FOR THE COMPANY'S DEMISE.

HA HA HA CLOPPER YOU MORON YOU ACTUALLY BELIEVE IN SOCIALIST PARADISE

Ireland is a socialist country. The greedy bankers who fuelled the housing bubble and crocked the economy went crying to Mammy Government for public money to shore up their failing institutions. Mammy Government promptly hit Joe PAYE Worker with all kinds of bullshit like the universal social charge and pension levies and poured all the money into zombie banks like Anglo-Irish Bank. Meanwhile the banking executives walked away with all kinds of sweet bonuses and still got to keep their houses in the Algarve. Thieving shits.

Doesn't matter where you are, the private sector does whatever the fuck it likes, which usually involves protecting the bosses and squatting over the workers.

Umm, in a socialist country the banks could be owned by the government and not in the private sector though, yeah? I mean, in theory.

PROPERTY IS THEFT!

Replace "smiling faces" with "evil welfare queens in luxury cars and their 50 million spawn" and it's more accurate.

Cyberwulf wrote:

xerrofoot wrote:

This is why America needs to become a socialist country. Who cares if it's only $100k per exec, Mikey? THEY SHOULDN'T BE GETTING ANYTHING AT ALL BECAUSE THEY ARE RESPONSIBLE FOR THE COMPANY'S DEMISE.

HA HA HA CLOPPER YOU MORON YOU ACTUALLY BELIEVE IN SOCIALIST PARADISE

Ireland is a socialist country. The greedy bankers who fuelled the housing bubble and crocked the economy went crying to Mammy Government for public money to shore up their failing institutions. Mammy Government promptly hit Joe PAYE Worker with all kinds of bullshit like the universal social charge and pension levies and poured all the money into zombie banks like Anglo-Irish Bank. Meanwhile the banking executives walked away with all kinds of sweet bonuses and still got to keep their houses in the Algarve. Thieving shits.

Doesn't matter where you are, the private sector does whatever the fuck it likes, which usually involves protecting the bosses and squatting over the workers.

That's because your government doesn't have the balls to tell the fat cats "no, you can't have any bailouts" like mine did. Business in Australia went crying to Chairman Rudd and Red Julia for a handout and were firmly told no. Instead, Rudd borrowed $450bn from the Chinese, handed it out to the poor with the idea that they would spend it or use it to service debts and thus take some pressure off the economy. It worked. The ONLY big business to receive government help was Holden, and there were a LOT of strings attached, including the expectation that the government would actually see the business grow and create jobs and those at the top were not to get any bonuses at all.

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Mikey Go WOOGA wrote:

I hate to interrupt the anti-capitalist butthurt with math, but I feel it may lend some perspective to the three board members who lack it the most.

First, 19 people getting $1.8 million really isn't a fuckton of money, as far as compensation for executives go. It's less than $100,000 per man.

Some Assclown wrote:

But Mikey, handsome and fair Mikey, the workers have more need for $100,000 dollars!

Yes, I am handsome. However, $1.8 million spread out over the 18,000 laid off employees is $100 a person. Enjoy filling up your car one and a half times.

Hostess is dead. The unions killed it. The particulars of minor details won't change that macro picture.

Actually, I kind of agree with Mikey *dodges savage beating*. 18,000 people are gonna lose their jobs regardless of whether they can fill their gas tanks up or not. These execs are classed slightly differently than the guy using the floor waxer.

Oh sure, it doesn't feel all that fair that they get any bonuses at all when they're total failures, but it's still preferable to the current £2.4 million bonuses bank managers in the UK are getting. And then acting like they're fucking Jesuses for merely meeting their targets. Fucktards.

So yeah, they don't really deserve it, but when an exec's bonuses usually consist of shares, as does most of their wealth, and Hostesses shares aren't worth shit now, they're gonna need that money.

xerrofoot wrote:

WHIIIIIIIIINE PAY ATTENTION TO MEEEEEEEEEEEEEEEEEEE!

But it's a good thing no one here CARES about Australia, since it's such a little... unimportant place.

Mr.Doobie wrote:

Replace "smiling faces" with "evil welfare queens in luxury cars and their 50 million spawn" and it's more accurate.

Preeeety much.

Mr.Doobie wrote:

Replace "smiling faces" with "evil welfare queens in luxury cars and their 50 million spawn" and it's more accurate.

*Insert 'trickle-down effect'/urine metaphor here*

WD40 wrote:

Mr.Doobie wrote:

Replace "smiling faces" with "evil welfare queens in luxury cars and their 50 million spawn" and it's more accurate.

*Insert 'trickle-down effect'/urine metaphor here*

The trickle down effect is just the rich peeing on the poor.

Lady Anne wrote:

WD40 wrote:

Mr.Doobie wrote:

Replace "smiling faces" with "evil welfare queens in luxury cars and their 50 million spawn" and it's more accurate.

*Insert 'trickle-down effect'/urine metaphor here*

The trickle down effect is just the rich peeing on the poor.

I always thought it more like the rich shitting on the poor. Same effect, but a bit more extreme.

xerrofoot wrote:

That's because your government doesn't have the balls to tell the fat cats "no, you can't have any bailouts" like mine did. Business in Australia went crying to Chairman Rudd and Red Julia for a handout and were firmly told no. Instead, Rudd borrowed $450bn from the Chinese, handed it out to the poor with the idea that they would spend it or use it to service debts and thus take some pressure off the economy. It worked. The ONLY big business to receive government help was Holden, and there were a LOT of strings attached, including the expectation that the government would actually see the business grow and create jobs and those at the top were not to get any bonuses at all.

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I don't mean to be terribly rude, but could you please get out of my country? It makes me nervous to think you could be nearby. Is there an island you could go to with limited internet access, or maybe you could head to Antarctica? Oh! Actually, go to Papua New Guinea for a visit! And then stay forever!

That'd be killer, I hope we're cool.

Because someone's been singing the praises of Socialism: this seemed relevant.

Yup. Boxer couldn't work, so he was taken to the glue factory. Of course, that's more a catch on communism, which has shelves, rather than ladders.

I personally don't see why everybody felt compelled to be so generous to Greece myself. Pushing money up their ass like a cheap whore didn't save them anyway.

The Unoriginal wrote:

Because someone's been singing the praises of Socialism: this seemed relevant.

George Orwell was a socialist.

The Unoriginal wrote:

Because someone's been singing the praises of Socialism: this seemed relevant.

Counterpoint.

Barton wrote:

xerrofoot wrote:

That's because your government doesn't have the balls to tell the fat cats "no, you can't have any bailouts" like mine did. Business in Australia went crying to Chairman Rudd and Red Julia for a handout and were firmly told no. Instead, Rudd borrowed $450bn from the Chinese, handed it out to the poor with the idea that they would spend it or use it to service debts and thus take some pressure off the economy. It worked. The ONLY big business to receive government help was Holden, and there were a LOT of strings attached, including the expectation that the government would actually see the business grow and create jobs and those at the top were not to get any bonuses at all.

[You must be registered and logged in to see this link.]

I don't mean to be terribly rude, but could you please get out of my country? It makes me nervous to think you could be nearby. Is there an island you could go to with limited internet access, or maybe you could head to Antarctica? Oh! Actually, go to Papua New Guinea for a visit! And then stay forever!

That'd be killer, I hope we're cool.

Where are you? I'm not going to buy you a beer or anything, I want to send my cousin around to bash you for being a bandwagon-jumping shithead. (If my cousin's not available, some well-oiled and well-paid bikies should do the trick).

Fuck you, you camel-raping bum biter, it's my country too.

The Unoriginal wrote:

Because someone's been singing the praises of Socialism: this seemed relevant.

Oh, save me the Orwell bullshit. There's a world of difference between communism, Stalinism and actual socialism. Socialist countries give the less fortunate a chance to thrive; capitalists just want more slaves. Fucking Americans.

Quote :

Where are you? I'm not going to buy you a beer or anything, I want to send my cousin around to bash you for being a bandwagon-jumping shithead. (If my cousin's not available, some well-oiled and well-paid bikies should do the trick).

Oh yeah, but calling you a pedophile is totes not cool, maan.

Also, lol at being an internet tough guy who threatens to get his cousin to fight his battles for him. Just lol.

Silly Doobs, real manly non-paedo men only beat up women.

(Would anyone like to see Cyberwulf's biceps? Seriously I'm in the best shape of my life.)

Sparrow wrote:

Mikey, the workers took concessions once before, in 2004. I can completely understand why they went on strike - being asked to do so again, when it evidently did not work the first time, would be horribly frustrating.

How does unemployment beat concessions? Oh right, you can sit on your ass for two years and collect FREE MONEYS for unemployment.

The contracts had to be restructured. There was no other way. No CEO was going to come in and Coach Carter his way to success. Even the Teamsters realized this, and had negotiated a mutually beneficial (in the sense that continued employment was beneficial to the employees) result. It was one little pissy Baker's union with their heads stuck too deep in their dough to do what had to be done.

Clearly mismanagement was the ultimate cause (just as the fucking owners are the continuing cause of the fucking lockout God damn it I want Bettman and Jeremy Jacobs fucking dead), as these buzzard contracts should never have been signed. But that all happened LONG ago, well before these executives were brought on.

They really should have fired these people and replaced them well before it came to this.

Lady Anne wrote:

WD40 wrote:

Mr.Doobie wrote:

Replace "smiling faces" with "evil welfare queens in luxury cars and their 50 million spawn" and it's more accurate.

*Insert 'trickle-down effect'/urine metaphor here*

The trickle down effect is just the rich peeing on the poor.

[You must be registered and logged in to see this image.]

If it wasn't funny or witty the first time you said it, why would it be funny or witty the next ten times?

Barton wrote:

xerrofoot wrote:

That's because your government doesn't have the balls to tell the fat cats "no, you can't have any bailouts" like mine did. Business in Australia went crying to Chairman Rudd and Red Julia for a handout and were firmly told no. Instead, Rudd borrowed $450bn from the Chinese, handed it out to the poor with the idea that they would spend it or use it to service debts and thus take some pressure off the economy. It worked. The ONLY big business to receive government help was Holden, and there were a LOT of strings attached, including the expectation that the government would actually see the business grow and create jobs and those at the top were not to get any bonuses at all.

[You must be registered and logged in to see this link.]

I don't mean to be terribly rude, but could you please get out of my country? It makes me nervous to think you could be nearby. Is there an island you could go to with limited internet access, or maybe you could head to Antarctica? Oh! Actually, go to Papua New Guinea for a visit! And then stay forever!

That'd be killer, I hope we're cool.

Good show, ole chap. 9/10 (Antarctica was kind of cliche) post, in fact, let me borrow this for a moment...

Lady Anne wrote:

[You must be registered and logged in to see this image.]

I don't mean to be terribly rude, but could you please get out of my country? It makes me nauseous to think you could be nearby. Is there an island you could go to with limited internet access, or maybe you could head to Tonga? Oh! Actually, go to Papua New Guinea for a visit! And then stay forever!

That'd be killer, I hope we're cool. Thanks, Bart

Mr.Doobie wrote:

The Unoriginal wrote:

Because someone's been singing the praises of Socialism: this seemed relevant.

George Orwell was a socialist.

Cyberwulf wrote:

The Unoriginal wrote:

Because someone's been singing the praises of Socialism: this seemed relevant.

Counterpoint.

Orwell is the new Godwin. I swear to God. Bringing him up automatically causes you to lose the argument, be retarded, and generally ruin the internet for the rest of us.

The only exception is using the phrase "big brother," as big brother has transcended Orwell. People who think George Orwell wrestled Jake The Snake Roberts at Wrestlemania II use the phrase "big brother."

Clopper wrote:

Oh, save me the Orwell bullshit. There's a world of difference between communism, Stalinism and actual socialism. Socialist countries give the less fortunate a chance to thrive; capitalists just want more slaves. Fucking Americans.

I bet your parents think you're so edgy.

Cyberwulf wrote:

The Unoriginal wrote:

Because someone's been singing the praises of Socialism: this seemed relevant.

Counterpoint.

Sometimes, Cy. Sometimes I love you.

This is one of those times.

Cyberwulf wrote:

Silly Doobs, real manly non-paedo men only beat up women.

(Would anyone like to see Cyberwulf's biceps? Seriously I'm in the best shape of my life.)

Morbidly curious.

Cyberwulf wrote:

(Would anyone like to see Cyberwulf's biceps? Seriously I'm in the best shape of my life.)

Would Viley blow loads of Nazi jizz all over his keyboard if he was here to see it?