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  • corruptbusinesss corruptbusinesss Dec 1, 2012 6:47 AM Flag

    Unions are in charge

    They have their man in the White House and the leadership in Senate. This country is headed for Twinkie Land but before we can get there they need the House back. Everything Obama is doing now is for the 2014 elections. In 2014 and 2015 we'll see the continuation of change. Texas and other free states beware, because they'll be coming for you too at some point.

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    • The bosses at Hostess took the company to BK, came out of it, borrowed to the hilt, reduces all labor bennies for five straight years, took millions in bonuses, and then left the company with million dollar golden parachutes for themselves. Your heroes! Idiot! You are the kind of peasants who burned the village to please the castle, and then scratched your head when he kidnapped your wife and daughters.

      • 1 Reply to ronbow502000
      • A federal bankruptcy judge has approved bonuses for executives of Hostess, the maker of Twinkies, who stay on as the company is broken up and sold off.
        On Thursday, as part of a plan to liquidate the company and lay off 18,000 workers, a federal judge in White Plains, N.Y., approved paying 19 Hostess executives bonuses totaling $1.8 million. Hostess has said it has interest from at least 110 firms who want to buy pieces of the operation.
        The decision comes as the company, known for its iconic snack cakes like Ho Hos and Ding Dongs, says it doesn't have enough cash on hand to pay retirement benefits to some former employees.
        The bonuses do not include pay for CEO Gregory Rayburn, who was brought on as a restructuring expert earlier this year, according to The Associated Press. Rayburn is being paid $125,000 a month.
        Former employees are outraged over the bonuses handed out to high ups.
        "Anybody's got a reason to be upset who lost their job if there handing out large amounts of money," Paul Carroll told ABC News.
        In a statement overnight, Hostess said the bonuses are designed to keep top brass from leaving before winding down what's left of the company "quickly and cost-effectively."
        "I was qualified to draw my pension, with no notice I lost about 70 or 75 percent of it I didn't work 34 years to lose it," Carroll said

    • corruptt, sad to say, I think you are right.

      Sentiment: Hold

 
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