Get your Twinkies now....hostess...he gone

[BobD]

Luckily Bacon is too big to fail.

 

[Rhode Irish]

Luckily Bacon is too big to fail.

Agreed. And none of that turkey bacon hippie ****. Real bacon, preferably maple.

 

[NoJusticeNoPeace]

Is there anything that you don't complain about or put a negative spin on?

I like Manti Te'o and the pictures of Kate Upton.

 

[woolybug25]

A main difference between Union and compensation for executives (bonuses and the like), is that compensation is based on how the year went. Their bonuses are directly tied to profits, whereas Unions don't want their earnings based on how the business is actually doing, but rather contracted in no matter how the company did.

haha... you really believe that, don't you?

You must not peruse financial statements of corporations much...

 

[BobD]

Agreed. And none of that turkey bacon hippie ****. Real bacon, preferably maple.

I like thick sliced bacon smoked with apple wood. We cook a big batch for breakfast on some Sundays then save the left overs for BLTA's later in the day.

I like the hippie bacon too, which I have to eat sometimes to stay on my healthy kick started last new years.

 

[Ultimate Penn St. Hater]

I prefer Tastykake over Hostess.

 

[drayer54]

Luckily Bacon is too big to fail.

Someone buy this man a beer!

 

[JughedJones]

I drive a truck for a living (when I'm not earning credits to be an elementary school teacher.)

Miller beer and Pabst are always a good load, they treat us right... Anheuser Busch especially in St Louis treats drivers and their workers like ****.

Miller and Pabst are union. Budweiser isn't.

If you don't believe me, ask any of your truck driving friends.


Hostess was in the red for years, they couldn't handle contract negotiations for a week without folding... It ain't the workers fault.

The people that are hording Twinkies like they'll never be around again are rubes. Hostess will declare bankruptcy, soak up all the money from the idiots that are making the snack cake rush, and hire a new crew of workers for minimum wage.

Truck drivers and everyone else are getting screwed because mismanaged companies are using Obama as an excuse to gouge us.

Have fun.

GO IRISH.

 

[Downinthebend]

Despite $15.9 billion loss, U.S. Postal Service execs see boost in pay - Washington Times

 

[Irish YJ]

I drive a truck for a living (when I'm not earning credits to be an elementary school teacher.)

Miller beer and Pabst are always a good load, they treat us right... Anheuser Busch especially in St Louis treats drivers and their workers like ****.

Miller and Pabst are union. Budweiser isn't.

If you don't believe me, ask any of your truck driving friends.


Hostess was in the red for years, they couldn't handle contract negotiations for a week without folding... It ain't the workers fault.

The people that are hording Twinkies like they'll never be around again are rubes. Hostess will declare bankruptcy, soak up all the money from the idiots that are making the snack cake rush, and hire a new crew of workers for minimum wage.

Truck drivers and everyone else are getting screwed because mismanaged companies are using Obama as an excuse to gouge us.

Have fun.

GO IRISH.

I'm not anti union or anti capitalist. I've been union, and now I'm an exec. There are good and bad in both. But if you think all companies are mismanaged and pulling the Obama card you are wrong. There are real costs to this administration. Our insurance cost almost doubled, and our customers are hesitant to sign deals now. Rising costs, slowing revenue. I'm not going to get into an argument, but reality hits very close to home for me. I'm certainly not a Rush quoting far right idiot, or a Obama flag waving far left guy. I'm a middle of the road, split ticket guy, who votes on the issues not the popularity contest. I've seen great unions and great execs who work together (specifically while in Indiana). I've also seen bad unions who suck the life out of a company, and bad execs who drop by a company for 10 years only to pack their parachute. All that said, I just wish people would look at reality and work together, instead of drawing a line and daring the other to cross it.

 

[BGIF]

If I'm not mistaken, didn't after the bank bailouts, the exec's of said institutions gave themselves a pretty handsome bonus off of our money? lol Not arguing, brah...but I remember that happening and being extremely pissed off about it. The banks were about as dismal as you could get back then and they still rewarded themselves with their Golden Parachute.

As I recall the heart of the matter was pre-existing bonus agreements in place that were contractural not optional.

If the Administration/Congress had not voted the bailouts, those companies would have defaulted and bankruptcy would have precluded the bonuses.

Senator Dodd and others expressed dismay that they were not aware of the bonus obligations when they voted for the bailouts. Another case of voting for a bill and then learning about what they voted for later.

BTW, Golden Parachute is a term used to describe an exit package for top executives that lose their jobs in the event of a company takeover not to describe a bonus for meeting contractural targets. It used primarily to keep key employees from bailing in the face of a takeover and as a defensive strategy to thwart takeovers. These financial institutions weren't taken over resulting in the loss of jobs to those executives.

 

[BGIF]

I'm not anti union or anti capitalist. I've been union, and now I'm an exec. There are good and bad in both. But if you think all companies are mismanaged and pulling the Obama card you are wrong. There are real costs to this administration. Our insurance cost almost doubled, and our customers are hesitant to sign deals now. Rising costs, slowing revenue. I'm not going to get into an argument, but reality hits very close to home for me. I'm certainly not a Rush quoting far right idiot, or a Obama flag waving far left guy. I'm a middle of the road, split ticket guy, who votes on the issues not the popularity contest. I've seen great unions and great execs who work together (specifically while in Indiana). I've also seen bad unions who suck the life out of a company, and bad execs who drop by a company for 10 years only to pack their parachute. All that said, I just wish people would look at reality and work together, instead of drawing a line and daring the other to cross it.

^^^^^^^

Hear! Hear!

 

[BGIF]

I drive a truck for a living (when I'm not earning credits to be an elementary school teacher.)

Miller beer and Pabst are always a good load, they treat us right... Anheuser Busch especially in St Louis treats drivers and their workers like ****.

Miller and Pabst are union. Budweiser isn't.

If you don't believe me, ask any of your truck driving friends.


Hostess was in the red for years, they couldn't handle contract negotiations for a week without folding... It ain't the workers fault.

The people that are hording Twinkies like they'll never be around again are rubes. Hostess will declare bankruptcy, soak up all the money from the idiots that are making the snack cake rush, and hire a new crew of workers for minimum wage.

Truck drivers and everyone else are getting screwed because mismanaged companies are using Obama as an excuse to gouge us.

Have fun.

GO IRISH.

News flash Jughed, the Teamsters, the largest union Hostess deals with voted to accept the court ordered provisions. It was the Bakers union that balked and shut everything down. Teamster officials have been quite clear in pointing that out. And despite the bakers strike the Teamsters drivers continued to make deliveries to stores trying to keep the company afloat.

There are many things that lead to Hostess decline including but not limited to the financial crisis, people trying to eat healthier, failed marketing campaigns, and over 300 union agreements. Among other things, union contracts required different products be delivered by different drivers going from the same factory or distribution point to the same store.

The Teamsters worked with the turn around specialist CEO trying to find a solution. The Bakers refused and now drivers, janitors, bakers, secretaries, sales and marketing staff, supervisors, and executives will lose their jobs. Over 18,000 in all.

When the brands are sold off, drivers somewhere will pick up the work.

Check the Wall Street Journal, CNN, NBC, Fox, or the Teamsters Union.



Once upon a time, I was a Teamster.

 

[Irish YJ]

News flash Jughed, the Teamsters, the largest union Hostess deals with voted to accept the court ordered provisions. It was the Bakers union that balked and shut everything down. Teamster officials have been quite clear in pointing that out. And despite the bakers strike the Teamsters drivers continued to make deliveries to stores trying to keep the company afloat.

There are many things that lead to Hostess decline including but not limited to the financial crisis, people trying to eat healthier, failed marketing campaigns, and over 300 union agreements. Among other things, union contracts required different products be delivered by different drivers going from the same factory or distribution point to the same store.

The Teamsters worked with the turn around specialist CEO trying to find a solution. The Bakers refused and now drivers, janitors, bakers, secretaries, sales and marketing staff, supervisors, and executives will lose their jobs. Over 18,000 in all.

When the brands are sold off, drivers somewhere will pick up the work.

Check the Wall Street Journal, CNN, NBC, Fox, or the Teamsters Union.



Once upon a time, I was a Teamster.

Preach it! Love fact and data.

 

[woolybug25]

News flash Jughed, the Teamsters, the largest union Hostess deals with voted to accept the court ordered provisions. It was the Bakers union that balked and shut everything down. Teamster officials have been quite clear in pointing that out. And despite the bakers strike the Teamsters drivers continued to make deliveries to stores trying to keep the company afloat.

There are many things that lead to Hostess decline including but not limited to the financial crisis, people trying to eat healthier, failed marketing campaigns, and over 300 union agreements. Among other things, union contracts required different products be delivered by different drivers going from the same factory or distribution point to the same store.

The Teamsters worked with the turn around specialist CEO trying to find a solution. The Bakers refused and now drivers, janitors, bakers, secretaries, sales and marketing staff, supervisors, and executives will lose their jobs. Over 18,000 in all.

When the brands are sold off, drivers somewhere will pick up the work.

Check the Wall Street Journal, CNN, NBC, Fox, or the Teamsters Union.



Once upon a time, I was a Teamster.

What does any of that have to do with their continued decline in revenues? The company wasn't making money on the front end. They have been losing market share in a shrinking industry for years. They have an infrastructure for much larger revenues and got to the tipping point.

I still have no idea why all of you are blaming unions and the Prez for a company's inability to gain revenue growth. I'm not even saying that the unions were hurting Hostess, but they would hurt profitability. Their problem wasn't profitability, it was shrinking revenues. They could have decreased their operating expense by 20% and it would have maybe saved them for a year before they folded. They had a business structure that could not last long term without continued restructuring. This "turnaround specialist CEO" in which you speak, Greg Rayburn, gave the executive board raises between 75-80% as his first order of business when he got the job. That alone, would have kept them open for a while. Rayburn hasn't "turned around" a single company he has worked for. He got this gig after Hostess claimed chapter 11, only to continue the declines while making over $100,000 a month in salary and god knows how much in stock issuance.

He even served as CRO for WorldCom during what was then the largest U.S. bankruptcy filing in history. Yup... what a turnaround specialist...

 

[BGIF]

...

I still have no idea why all of you are blaming unions and the Prez ....

All of you? That's a bald face lie.

Feel free to highlight my blame of the Prez. There was NONE!

Feel free to highlight my blame of the unions. To the contrary I acknowledged the Teamsters working with management and the widely reported Teamster comments stating that the bakers union was the straw on the camel's back.

Despite all the problems of the past and obvious prospect of liquidation, a deal would be in place except for one small group, the bakers union.

 

[Irish YJ]

What does any of that have to do with their continued decline in revenues? The company wasn't making money on the front end. They have been losing market share in a shrinking industry for years. They have an infrastructure for much larger revenues and got to the tipping point.

I still have no idea why all of you are blaming unions and the Prez for a company's inability to gain revenue growth. I'm not even saying that the unions were hurting Hostess, but they would hurt profitability. Their problem wasn't profitability, it was shrinking revenues. They could have decreased their operating expense by 20% and it would have maybe saved them for a year before they folded. They had a business structure that could not last long term without a restructuring. This "turnaround specialist CEO" in which you speak, Greg Rayburn, gave the executive board raises between 75-80% as his first order of business when he got the job. That alone, would have kept them open for a while. Rayburn hasn't "turned around" a single company he has worked for. He got this gig after Hostess claimed chapter 11, only to continue the declines why making over $100,000 a month in salary and god knows how much in stock issuance.

He even served as CRO for WorldCom during what was then the largest U.S. bankruptcy filing in history. Yup... what a turnaround specialist...

Wooly, I won't even begin to say anything good about Rayburn... He is indeed guilty of greed but he is not responsible for this (company's failure). Very familiar with his track record at MCI WorldCom, Muzak (I know one of their execs), and Indian Downs. I do agree however with many of your points about the decliine. I do think there is something to the Teamsters wanting to partner (probably can give a little credit to Rayburn here), while the baker's unions did not. In my mind (scary place to be), that's the hook that got me. I agree it's a decliniing space, and the company needed a big overhaul... All that said,,,, even one more year for those 18,000 is better than the alternative.


And one thing about raises while a company is tanking. When CROs come in, one of their priorities is keeping good execs from bailing while they try to resturcture. I don't know the specifics here, but raises and stock are often dangled to keep folks on board. Sometimes they are tied to performance (I agree with this) if the company is brought back to life, sometimes not (I DO NOT agree with this). If they were padding coffers of money grabbing execs who were responsible for the failure, BAD, if they were trying to keep good folks, GOOD. Keep in mind that the failure of the company, if a result of bad decisions and poor vision, is typically the fault of just a few execs.

 

[woolybug25]

All of you? That's a bald face lie.

Feel free to highlight my blame of the Prez. There was NONE!

Feel free to highlight my blame of the unions. To the contrary I acknowledged the Teamsters working with management and the widely reported Teamster comments stating that the bakers union was the straw on the camel's back.

Despite all the problems of the past and obvious prospect of liquidation, a deal would be in place except for one small group, the bakers union.

The "Royal You", dude. Is that the only thing you disagree with my statement?

The place would still temporarily in place if a lot of things happened. The execs could have not given themselves huge bonuses in the midst of reorganization and accomplished the same thing. But they decided that the income of few was better than temporarily saving jobs of over 18,000 people. Blame the union if you desire, but this company would have failed no matter what.

Wooly, I won't even begin to say anything good about Rayburn... He is indeed guilty of greed but he is not responsible for this (company's failure). Very familiar with his track record at MCI WorldCom, Muzak (I know one of their execs), and Indian Downs. I do agree however with many of your points about the decliine. I do think there is something to the Teamsters wanting to partner (probably can give a little credit to Rayburn here), while the baker's unions did not. In my mind (scary place to be), that's the hook that got me. I agree it's a decliniing space, and the company needed a big overhaul... All that said,,,, even one more year for those 18,000 is better than the alternative.


And one thing about raises while a company is tanking. When CROs come in, one of their priorities is keeping good execs from bailing while they try to resturcture. I don't know the specifics here, but raises and stock are often dangled to keep folks on board. Sometimes they are tied to performance (I agree with this) if the company is brought back to life, sometimes not (I DO NOT agree with this). If they were padding coffers of money grabbing execs who were responsible for the failure, BAD, if they were trying to keep good folks, GOOD. Keep in mind that the failure of the company, if a result of bad decisions and poor vision, is typically the fault of just a few execs.

I agree with everything you are saying, but want to add one point to the role of CRO for MCI Worldcom. That executive team was entirely palpable for the decline and mismanagement of MCI. Rayburn took the tact of the latter point of your second paragraph. The only people he managed to help in that failure where a few of the execs that mismanaged the company to begin with.

 

[Irish YJ]

I agree with everything you are saying, but want to add one point to the role of CRO for MCI Worldcom. That executive team was entirely palpable for the decline and mismanagement of MCI. Rayburn took the tact of the latter point of your second paragraph. The only people he managed to help in that failure where a few of the execs that mismanaged the company to begin with.

Agree 150%. I was at AT&T during those days and followed the situation closely, MCI being our biggest competitor. I did hear some good things about him at Indiana Downs (now a horse track plus casino). Not sure if it's accurate, but good nonetheless. Not sure if he learned anything from his youngers days. Some do, some don't.

 

[BobD]

 

[phork]

So now unions keep our wives and children from being raped. WOW UNIONS ARE WONDERFUL

Scoff at it all you like, but it is the truth. Not saying it would ever go back that way, but thats what workers were dealing with back in the day.

 

[irishff1014]

Walmart walkout: Workers mount Black Friday job action | Fox News

Well you will be thanking the unions again for cause havoc on black friday. Until they are rounded up they will keep making them selves look bad.

 

[DomerInHappyValley]

Stop at the one that makes you a hypocrite. Then scroll down to the bottom.

Sounds like a great party to me.
With a show by Bill Murray.

 

[gkautz10]

Walmart walkout: Workers mount Black Friday job action | Fox News

Well you will be thanking the unions again for cause havoc on black friday. Until they are rounded up they will keep making them selves look bad.

Look at your source and the company being discussed....

 

[GEORGIA DOMER]

So who is going to wrap a Twinkie in bacon? Bet u its awesome

 

[4irishnation]

Look at your source and the company being discussed....

Good thing we have MSNBC to report the facts!!!!