"Edward A. Falk" wrote:

In article , azotic wrote:

Hostess management has been running the company into the ground for a
decade.

In 2005 the union made major concessions to the company, to the tune
of $150M/year.

They cut bakers pay by 8% and benefits by 32%

The CEO raised his own pay by 300%. Nine executives
received 60-100% raises while filing for their second
bankruptcy.

In 2011, they raided the employee pension fund and now owe it $160M

So now they blame the $20/hour employees for *their* failure.


Ler's see. They have ONE CEO, and 18,500 other employees. How much
good would it have done to cut the CEO's salary by 8%?