If those are the same raises I recall...

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Post #366,337 by folkert 11/16/12 12:19:51 PM Reply	If those are the same raises I recall... and Bonuses... when the Investment Infusions happened and they found out about the egregious bonus and raises were scaled back to $1/year total payments. But then the Teamsters got involved and royally screwed things up with money from these people and the Teamsters paid DEBT off versus administrating a retirement fund... Huge Mis-Steps on EVERYONE'S part. -- greg@gregfolkert.net PGP key 1024D/B524687C 2003-08-05 Fingerprint: E1D3 E3D7 5850 957E FED0 2B3A ED66 6971 B524 687C
Post #366,378 by lincoln 11/16/12 5:16:05 PM Reply	more facts here http://mediamatters....-to-scapeg/191440 "Chicago to my mind was the only place to be. ... I above all liked the city because it was filled with people all a-bustle, and the clatter of hooves and carriages, and with delivery wagons and drays and peddlers and the boom and clank of freight trains. And when those black clouds came sailing in from the west, pouring thunderstorms upon us so that you couldn't hear the cries or curses of humankind, I liked that best of all. Chicago could stand up to the worst God had to offer. I understood why it was built--a place for trade, of course, with railroads and ships and so on, but mostly to give all of us a magnitude of defiance that is not provided by one house on the plains. And the plains is where those storms come from." -- E.L. Doctorow
Post #366,389 by folkert 11/16/12 6:59:18 PM Reply	Thanks. Not exactly everything I remember, but a lot that I'd forgotten about also. I had close ties with Wonder Bread and Hostess in the 90s and still have friends that currently "work" there. They've been ticked off about how both the Unions (especially the Teamsters) and Hostess Executive all made blunders of all blunders. Hostess was taken over by Non-Baking industry execs and that in conjunction with the economy downturn starting in about 2004/5 just made Hostess do one bad decision with another and another and another. Execs sent in the Bean counters and forced Vendors to drop prices or be threatened with things like Chinese flour being purchased at much lower cost per ton. ADM and Cargill didn't much like that. So it got to also be a pissing match. Hence, Hostess went continuously downhill. -- greg@gregfolkert.net PGP key 1024D/B524687C 2003-08-05 Fingerprint: E1D3 E3D7 5850 957E FED0 2B3A ED66 6971 B524 687C
Post #366,381 by lincoln 11/16/12 5:50:00 PM Reply	RE: executive raises BCTGM 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. http://www.sacbee.co...sinformation.html "Chicago to my mind was the only place to be. ... I above all liked the city because it was filled with people all a-bustle, and the clatter of hooves and carriages, and with delivery wagons and drays and peddlers and the boom and clank of freight trains. And when those black clouds came sailing in from the west, pouring thunderstorms upon us so that you couldn't hear the cries or curses of humankind, I liked that best of all. Chicago could stand up to the worst God had to offer. I understood why it was built--a place for trade, of course, with railroads and ships and so on, but mostly to give all of us a magnitude of defiance that is not provided by one house on the plains. And the plains is where those storms come from." -- E.L. Doctorow
Post #366,390 by folkert 11/16/12 7:00:54 PM Reply	That isn't including... The "performance" bonuses for getting out of the first bankruptcy and all of the executives that got silver lined pockets. -- greg@gregfolkert.net PGP key 1024D/B524687C 2003-08-05 Fingerprint: E1D3 E3D7 5850 957E FED0 2B3A ED66 6971 B524 687C
Post #366,413 by Another Scott 11/17/12 8:54:43 AM Reply	Single Jpeg summary. http://bluevirginia....mismanagement.png More at Forbes - http://www.forbes.co...nds-and-twinkies/ (both from http://BlueVirginia.us ) Cheers, Scott.
Post #366,437 by folkert 11/17/12 3:07:07 PM Reply	Nice. -- greg@gregfolkert.net PGP key 1024D/B524687C 2003-08-05 Fingerprint: E1D3 E3D7 5850 957E FED0 2B3A ED66 6971 B524 687C

Hostess brand to shut down - (jay) - (18) - Nov. 16, 2012, 10:25:38 AM EST

damn, better hustle and get me some wonderbread -NT - (boxley) - (1) - Nov. 16, 2012, 10:31:02 AM EST

Never fear... - (folkert) - Nov. 16, 2012, 10:55:20 AM EST

Re: Hostess brand to shut down - (lincoln) - (7) - Nov. 16, 2012, 11:08:58 AM EST

If those are the same raises I recall... - (folkert) - (6) - Nov. 16, 2012, 12:19:51 PM EST

more facts here - (lincoln) - (1) - Nov. 16, 2012, 05:16:05 PM EST

Thanks. - (folkert) - Nov. 16, 2012, 06:59:18 PM EST

RE: executive raises - (lincoln) - (3) - Nov. 16, 2012, 05:50:00 PM EST

That isn't including... - (folkert) - (2) - Nov. 16, 2012, 07:00:54 PM EST

Single Jpeg summary. - (Another Scott) - (1) - Nov. 17, 2012, 08:54:43 AM EST

Nice. -NT - (folkert) - Nov. 17, 2012, 03:07:07 PM EST

Oh! This is a disaster. - (Andrew Grygus) - (2) - Nov. 16, 2012, 12:59:23 PM EST

The Texas State Fair Commission is in emergency session -NT - (drook) - (1) - Nov. 16, 2012, 01:09:16 PM EST

Republic of Texas Fair Commission is in emergency session - (folkert) - Nov. 16, 2012, 01:18:57 PM EST

Re: Hostess brand to shut down - (lincoln) - (1) - Nov. 16, 2012, 01:49:45 PM EST

making crap that the entire world tells you is bad - (boxley) - Nov. 16, 2012, 02:03:31 PM EST

Driftglass: All of this has happened before. - (Another Scott) - Nov. 17, 2012, 06:55:45 PM EST

Salon's take: 'Vulture capitalism--not unions--killed - (Ashton) - Nov. 21, 2012, 01:04:29 AM EST

We've seen this so many times before - (lincoln) - Nov. 21, 2012, 10:35:15 AM EST

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