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35. Re: Out of the Blue Nov 18, 2012, 13:40 1badmf
 
Prez wrote on Nov 18, 2012, 07:50:
The union could have worked for free, and I bet Hostess still would have gone bankrupt eventually.

By the same token, everyone in the boardroom could have taken a 99.9999% pay cut and it seems likely the company would still have gone bankrupt unless something was fundamentally and drastically changed. That doesn't make the cronyism and the obscene self-serving pay increases to the corporate fat cats any less despicable, or the situation of the screwed-yet-again little guy any less sad, but that's how it seems.
they did take such paycut - after the new CEO found out about the raises he slashed the salaries of the top 4 execs to $1 for the year. i think the causes of this bankruptcy are far more complex than anyone here realizes, but as a teamster myself, i have no sympathy for the leadership of that union that put their pride above the jobs of 18,000 workers.
 
 
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