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Out of the Blue

Football Thursday is upon us, and most of this week's games are in December, so things are getting serious. Sorry for posting late on Thanksgiving and making things difficult, here's the best I could do to piece together last week's results: Jivaro 11-5, Batman 10-5 (you can take that win from last week, but this time I'm not sure who the "Queens" are), Blue 10-6, Cutter 9-6, and Creston 8-5.

Here goes for this week: Saints, Bears, Texans, Patriots, Bills, Lions, Panthers, Packers, 49ers, Jets, Broncos, Ravens, Bengals, Browns, Cowboys, and Giants.

Serious Links: Thanks Ant and Acleacius.
Play: Feed Us 4.
Stories: Lohan Charged With Assault in NYC.
Science: How sensitive is the climate to added CO2?
U.S. Lagging in Modern-Day Space Race.
Media: New surveillance video shows F-18 crashing into apartments. Thanks nin.
Alfred Hitchcock's Movie Cameos.
How to Eat an Ear of Corn - Quickly!
The Funnies: Cat Breath Cartoon - Savage Chickens.
Follow-up: Data from the LHC suggest it may be producing a new type of matter. Thanks j.c.f.
Hostess to seek approval of executive bonuses. Thanks nin. Use the Twinkie defense!

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30. Re: Out of the Blue Nov 29, 2012, 15:03 Cutter
 
Beamer wrote on Nov 29, 2012, 11:39:
I don't get your first point. They cannot get unemployed immediately - it's more or less impossible to sell this company without these guys. They're the ones that have actually been running it - they're needed to run it in the time being and whoever buys it will want to spend considerable time speaking with them as part of due diligence. There's more or less no way to move forward with this company without having many of these people in place.

Wrong. First off it's going to be a fast sale and everyone knows it. And you don't need these guys. It's why the union is asking for an independent trustee and they're right to do so. The CEO brought on board for this is making $125,000 a month? That's ludicrous by any stretch. That would pay the salary of 40 bakers for that company.


Hostess is a fantastic example of a poorly run company, of a product no one wanted anymore, of a company crippled by pension payments, and of greedy management calling everyone greedy but themselves.
But you cannot sell Hostess without overpaying its key people to stick around. Notably, the CEO doesn't have to be one of those people. Odds are whoever is buying doesn't have any interest in talking to him.

2.4 billion in sales a year is a product no one wants? Crippled by pension payments of a paltry 1 million per month? No, the only thing you got right is that is was poorly run and raided by a bunch of white collar crooks which is always the case. The working man isn't the problem, never has been, never will be.
 
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"Nobody wants to be nobody in America. Ed is the apotheosis of a prevailing American syndrome. It used to be that someone became famous because they were special. Now people are considered special just for being famous. Fame, itself, is its own virtue.
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