Topic: Hostess Blames Union But......... | |
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So, when did these CEO's receive the alleged increases? Prior to the company announcing austerity measures, or after? As the company was asking for more givebacks from workers, a group of creditors said in court papers that the company “may have manipulated its executives’ salaries higher in the months leading up to its Chapter 11 filing,” again according to the WSJ. According to the creditors’ court filing, the following Hostess executives saw substantial salary increases in July 2011: Brian Driscoll, CEO, from around $750,000 to $2,550,000 Gary Wandscheider, EVP, $500,000 to $900,000 John Stewart, EVP, $400,000 to $700,000 David Loeser, EVP, $375,000 to $656,256 Kent Magill, EVP, $375,000 to $656,256 Richard Seban, EVP, $375,00o to $656,256 John Akeson, SVP, $300,000 to $480,000 Steven Birgfeld, SVP, $240,000 to $360,000 Martha Ross, SVP, $240,000 to $360,000 Rob Kissick, SVP, $182,000 t0 $273,008 [Note: The WSJ article observes that some executives did not take the full raise.] http://dailynewsfinder.com/2012/11/17/everything-you-probably-didnt-know-about-the-hostess-brands-story/ Ok, so, all that is known is that the CEO's were offered these salary increases some sixteen months ago. Anything else is hearsay. So, the events are not contemporaneous as implied. |
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I would have a hard time taking a 30% pay cut when the CEO's gave themselves 50% or more pay raises.
Where do you get they were being asked to take a 30% pay cut? That is a false accusation. They were asked to take a 8% pay cut, then would recieve 2% back in each of the next 3 years and a 1% raise the 4th year. |
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"Mike Hummell, a receiving clerk and a member of the Bakers' union working in Lenexa, Kan., said he was making about $48,000 in 2005 before the company's first trip through bankruptcy. Concessions during that reorganization cut his pay to $34,000 last year, earning $16.12 an hour. He said the latest contract demands would have cut his pay to about $25,000, with significantly higher out-of-pocket expenses for insurance.
"The point is the jobs they're offering us aren't worth saving," he said Friday. "It instantly casts me into poverty. I wouldn't be able to make my house payment. My take-home would be less than unemployment benefits. Being on unemployment while we search for a new job, that's a better choice than working these hours for poverty wages."" http://www.tulsaworld.com/business/article.aspx?subjectid=46&articleid=20121113_46_0_Worker148999 |
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Hostess is a prime example of another once great American company mismanaged into the scrap heap.
This will continue happening until labor truly unites, dumps the union bosses who have been in bed with corporate management for years, and forms a brotherhood that puts the workers needs foremost. |
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Hostess is a prime example of another once great American company mismanaged into the scrap heap. This will continue happening until labor truly unites, dumps the union bosses who have been in bed with corporate management for years, and forms a brotherhood that puts the workers needs foremost. |
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Union's need to disappear! |
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Union's need to disappear! Along with the eight hour day, health care, vacations, and safe working environments too I suppose? |
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Union's need to disappear! The essence of the union doctrine is implied in the slogan "exploitation." According to the union variety of the exploitation doctrine, which differs from the Marxian creed, labor is the only source of wealth, and expenditure of labor the only real cost. By rights, all proceeds from the sale of products should belong to the workers. The manual worker has a fair claim to the "whole produce of labor." The wrong that the capitalistic mode of production does to the worker is seen in the fact that it permits landowners, capitalists, and entrepreneurs to withhold a part of the workers' portion. --Ludwig von Mises. Human Action: A Treatise on Economics In his "The Theory of Collective Bargaining," which Ludwig von Mises called "brilliant," [William Harold] Hutt exploded the still-common myth that the interests of labor and management naturally clash, a disguised version of Karl Marx's theory of exploitation. On the contrary, Hutt said, the free market brings harmony. Only government intervention--such as laws favoring labor unions against employers and non-union workers--creates conflict. --Llewellyn H. Rockwell Jr., Three National Treasures http://mises.org/daily/6117/Is-There-a-Right-to-Unionize http://mises.org/daily/5874/Labor-Economics-with-Walter-Block http://mises.org/daily/5865/MinimumWage-Rates Unions as we know them today have to go!!!!!!!!!!! Or prevent Labor and Management from being able to get Legislation passed that is favorable to them! Let the Market decide,instead of some bribed Bureaucrats! |
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Mr Conrad. Your posts are always a great reminder of why the right wing ideology is bankrupt. Thanks I rose early today to tackle some projects the coffee pot is dry and I am ready to roll. Have a great day old buddy. You are using the shutting down of Hostess as an excuse to attack the Republican Party? How lame. "Mike Hummell, a receiving clerk and a member of the Bakers' union working in Lenexa, Kan., said he was making about $48,000 in 2005 before the company's first trip through bankruptcy. Concessions during that reorganization cut his pay to $34,000 last year, earning $16.12 an hour. He said the latest contract demands would have cut his pay to about $25,000, with significantly higher out-of-pocket expenses for insurance.
"The point is the jobs they're offering us aren't worth saving," he said Friday. "It instantly casts me into poverty. I wouldn't be able to make my house payment. My take-home would be less than unemployment benefits. Being on unemployment while we search for a new job, that's a better choice than working these hours for poverty wages."" http://www.tulsaworld.com/business/article.aspx?subjectid=46&articleid=20121113_46_0_Worker148999 The problem with the above-quoted newspaper article is that it doesn't describe what kind of lifestyle that Mr. Hummell has been living while earning $16.12/hour. |
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Union's need to disappear! Along with the eight hour day, health care, vacations, and safe working environments too I suppose? Ah, what a straw-man argument that is. |
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Edited by
Conrad_73
on
Sun 11/18/12 10:11 AM
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Mr Conrad. Your posts are always a great reminder of why the right wing ideology is bankrupt. Thanks I rose early today to tackle some projects the coffee pot is dry and I am ready to roll. Have a great day old buddy. Yes,thought so! guess when you so far Left,anything looks Rightwing! |
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Union's need to disappear! In the case of Hostess, the Teamsters Union was also harmed by the strike of the smaller union. Why should one union be punished for the action of another? |
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Union's need to disappear! Along with the eight hour day, health care, vacations, and safe working environments too I suppose? so what does that have to do with the unions disappearing? |
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Edited by
Conrad_73
on
Sun 11/18/12 10:19 AM
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Union's need to disappear! In the case of Hostess, the Teamsters Union was also harmed by the strike of the smaller union. Why should one union be punished for the action of another? Made some suggestions,and posted some Links in a Post above! As long as any side is able to get legislation done to tie the other Side up,there will be War! Actually the System right now is a legalized Civil War!Rival Gangs get hold of the Law and beat the Opposition into Submission! Then,after a while the other Gang gets big enough and slams the Crap out the Opposition by means of the Law! Neither Side ought to be able to get Legislation done that's injurious to the other Side! Let them negotiate in good Faith,instead of being able to club the other one into Submission with a Law playing Favorites! |
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Union's need to disappear! In the case of Hostess, the Teamsters Union was also harmed by the strike of the smaller union. Why should one union be punished for the action of another? How many will trust the Confectioners Union after this Fiasco? |
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Mr Conrad. Your posts are always a great reminder of why the right wing ideology is bankrupt. Thanks I rose early today to tackle some projects the coffee pot is dry and I am ready to roll. Have a great day old buddy. You are using the shutting down of Hostess as an excuse to attack the Republican Party? How lame. "Mike Hummell, a receiving clerk and a member of the Bakers' union working in Lenexa, Kan., said he was making about $48,000 in 2005 before the company's first trip through bankruptcy. Concessions during that reorganization cut his pay to $34,000 last year, earning $16.12 an hour. He said the latest contract demands would have cut his pay to about $25,000, with significantly higher out-of-pocket expenses for insurance.
"The point is the jobs they're offering us aren't worth saving," he said Friday. "It instantly casts me into poverty. I wouldn't be able to make my house payment. My take-home would be less than unemployment benefits. Being on unemployment while we search for a new job, that's a better choice than working these hours for poverty wages."" http://www.tulsaworld.com/business/article.aspx?subjectid=46&articleid=20121113_46_0_Worker148999 The problem with the above-quoted newspaper article is that it doesn't describe what kind of lifestyle that Mr. Hummell has been living while earning $16.12/hour. What is being ignored by those on the right is the obscene pay of the CEO's who managed to bankrupt the company several times and give themselves raises. here is a recap. As the company was asking for more givebacks from workers, a group of creditors said in court papers that the company “may have manipulated its executives’ salaries higher in the months leading up to its Chapter 11 filing,” again according to the WSJ. According to the creditors’ court filing, the following Hostess executives saw substantial salary increases in July 2011: Brian Driscoll, CEO, from around $750,000 to $2,550,000 Gary Wandscheider, EVP, $500,000 to $900,000 John Stewart, EVP, $400,000 to $700,000 David Loeser, EVP, $375,000 to $656,256 Kent Magill, EVP, $375,000 to $656,256 Richard Seban, EVP, $375,00o to $656,256 John Akeson, SVP, $300,000 to $480,000 Steven Birgfeld, SVP, $240,000 to $360,000 Martha Ross, SVP, $240,000 to $360,000 Rob Kissick, SVP, $182,000 t0 $273,008 [Note: The WSJ article observes that some executives did not take the full raise.] http://dailynewsfinder.com/2012/11/17/everything-you-probably-didnt-know-about-the-hostess-brands-story/ It looks to me like the vultures looted the place made unreasonable demands on labor and then will gut it blaming the workers. I am so glad America stood up and said we are tired of the right wing ideology of breaking workers down and giving themselves raises. Right wing ideology is going onto the trash heap of history. There is enough for everyone without all the filthy greed. |
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Union's need to disappear! Along with the eight hour day, health care, vacations, and safe working environments too I suppose? so what does that have to do with the unions disappearing? Obviously you have forgotten about the fights of the labor unions during the days of the great robber barons when people worked twelve hour days, and six day weeks, in dangerous working conditions, while people like Carnigie, Morgan, and Rockafeller made millions and lived in life styles Louie the fourteenth would have been envious of. |
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Union's need to disappear! Along with the eight hour day, health care, vacations, and safe working environments too I suppose? so what does that have to do with the unions disappearing? Obviously you have forgotten about the fights of the labor unions during the days of the great robber barons when people worked twelve hour days, and six day weeks, in dangerous working conditions, while people like Carnigie, Morgan, and Rockafeller made millions and lived in life styles Louie the fourteenth would have been envious of. Think those things will disappear without unions? I think not. I have insurance, vacation, 8 hour days unless I do flex time which rocks, safe working conditions, etc and no union. |
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16 an hour is nothing good luck building a life on that.
In what part of the world? |
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Mr Conrad. Your posts are always a great reminder of why the right wing ideology is bankrupt. Thanks I rose early today to tackle some projects the coffee pot is dry and I am ready to roll. Have a great day old buddy. You are using the shutting down of Hostess as an excuse to attack the Republican Party? How lame. "Mike Hummell, a receiving clerk and a member of the Bakers' union working in Lenexa, Kan., said he was making about $48,000 in 2005 before the company's first trip through bankruptcy. Concessions during that reorganization cut his pay to $34,000 last year, earning $16.12 an hour. He said the latest contract demands would have cut his pay to about $25,000, with significantly higher out-of-pocket expenses for insurance.
"The point is the jobs they're offering us aren't worth saving," he said Friday. "It instantly casts me into poverty. I wouldn't be able to make my house payment. My take-home would be less than unemployment benefits. Being on unemployment while we search for a new job, that's a better choice than working these hours for poverty wages."" http://www.tulsaworld.com/business/article.aspx?subjectid=46&articleid=20121113_46_0_Worker148999 The problem with the above-quoted newspaper article is that it doesn't describe what kind of lifestyle that Mr. Hummell has been living while earning $16.12/hour. What is being ignored by those on the right is the obscene pay of the CEO's who managed to bankrupt the company several times and give themselves raises. here is a recap. As the company was asking for more givebacks from workers, a group of creditors said in court papers that the company “may have manipulated its executives’ salaries higher in the months leading up to its Chapter 11 filing,” again according to the WSJ. According to the creditors’ court filing, the following Hostess executives saw substantial salary increases in July 2011: Brian Driscoll, CEO, from around $750,000 to $2,550,000 Gary Wandscheider, EVP, $500,000 to $900,000 John Stewart, EVP, $400,000 to $700,000 David Loeser, EVP, $375,000 to $656,256 Kent Magill, EVP, $375,000 to $656,256 Richard Seban, EVP, $375,00o to $656,256 John Akeson, SVP, $300,000 to $480,000 Steven Birgfeld, SVP, $240,000 to $360,000 Martha Ross, SVP, $240,000 to $360,000 Rob Kissick, SVP, $182,000 t0 $273,008 [Note: The WSJ article observes that some executives did not take the full raise.] http://dailynewsfinder.com/2012/11/17/everything-you-probably-didnt-know-about-the-hostess-brands-story/ It looks to me like the vultures looted the place made unreasonable demands on labor and then will gut it blaming the workers. I am so glad America stood up and said we are tired of the right wing ideology of breaking workers down and giving themselves raises. Right wing ideology is going onto the trash heap of history. There is enough for everyone without all the filthy greed. |
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