18,000 workers just lost a job Hostess just called it they will shut down

Do you know how much the CEO of Hostess earns?

Driscoll was the previous CEO before new CEO Gregory Rayburn.

"In early February, Hostess had asked the bankruptcy judge to approve a sweet new employment deal for Driscoll. Its terms guaranteed him a base annual salary of $1.5 million, plus cash incentives and "long-term incentive" compensation of up to $2 million. If Hostess liquidated or Driscoll were fired without cause, he'd still get severance pay of $1.95 million as long as he honored a noncompete agreement."

I have no sympathy for these people. Idiot Union members standing around outside with signs, holding an already struggling company hostage. Now they can start standing in the unemployment line.

well stupid fucking unions are to thank for that

you cannot strong arm a company into paying you what it doesn't fucking have!

Oh......well for FUCKs sake there Einstein, that makes it all good. Wouldn't want someone making money......close this bitch up and live on someone else's back. Dick Head!

The union members are at fault? Sure about that? Do you know ANYTHING about the upper management of Hostess? Obviously, you know shit...read on...

"Rayburn announced that the pay of the four top executives would go down to $1 for the year, but that their full salaries would be reinstated no later than Jan. 1. Hostess pays Rayburn $125,000 a month, according to court filings. At the same time Rayburn became CEO, Gephardt's son Matthew, 41, the COO of the Gephardt Group, was put on the Hostess board as a $100,000-a-year independent director."


[link to management.fortune.cnn.com]

Yeah, wouldn't want the assembly line scrubs making a decent wage, eh fuckstick?

What's wrong with leveling the playing field? That's what the unions try to do. Do you want rampant, unchecked corporate CEOs?

What if a government were run the same way --- unchecked?

fucking

Obama....I told you to make the effing dark twinkies damn it.

Do you really think that companies pay their CEOs lots of money just for the sake or writing large checks, or that they hate the blue collar guys?

Are you really that ignorant of economics?

CEOs make that amount of money because not many people can run a company that size. Obviously in the case of hostess the CEO should have been making $0 since the company went bust, but CEOs of profitable companies earn their pay.

That sounds great, and all, except Hostess was paying them $125K A MONTH, after going BANKRUPT!!

Ignorant,

I swear, you are one dumb bastard........good thing breathing is a natural thing because you truly are far too stupid breathe on your own. You need a DUMP TRUCK Load of DARWIN Dumped on your miserable carcass.

God help us all,

I am willing to take up arms if they go after Little Debbie!

Awww, poor baby can't come up with a retort...

Come on, how do you justify their upper management "earning" $125K PER FUCKING MONTH???

To all those complaining about management salaries, this will eliminate those as well.

But isn't it strange, the company didn't tell the CEO "if you don't take a pay cut, we'll shut the company"?

I have no sympathy for these people. Idiot Union members standing around outside with signs, holding an already struggling company hostage. Now they can start standing in the unemployment line.