Denny's restaurant,new OB surcharge&hrs cut

Posted in the Huber Heights Forum

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Fighter

AOL

#1 Nov 15, 2012
DENNY'S to charge 5%'Obamacare surcharge' and cut employee hours.
That's what Obama and Obamacare gets you.
Who patronizes Denny's restaurant.
The New Cool Warrior

Tipp City, OH

#2 Nov 15, 2012
There are the hypocritical liberal lippers and then there are the generous tippers, like me, you see; a former buss boy and cab driver, who has worked for minimum wage.
Social Worker

Dayton, OH

#3 Nov 15, 2012
Every business will be passing along their cost increases to their customers. They always do. That is why the very people screaming for 'fair share' tax increases on the rich will be the ones to pay those tax increaes. Some businesses will end up closed and unemployment will incrase too.
The Old Cold Warrior

Tipp City, OH

#4 Nov 15, 2012
How many Denny's were destroyed and workers left unemployed because of those infamous race-pimp lawsuits; where minimum-wage servers were not nice and polite to dark-skinned obnoxious drunks, drug addicts and punks who showed their asses like the moronic masses? The ones who flapped their lips but left no tips?
Social eightball

Columbus, OH

#5 Nov 15, 2012
Pancakes with dirty forks.
Nobama 2012

Fairborn, OH

#6 Nov 15, 2012
I hope the person that had a Obama sticker outside Dennye's on his old auto is happy about his new surcharge.
reality

Germantown, OH

#7 Nov 15, 2012
You people don't quite get it! Denny's ultimate intention is not to hurt the pocketbooks of their customers, but rather to take the health care battle to Obama's backyard!

By rebelling in the manner in which they have, at this point in time IMMEDIATELY AFTER Obama's re-election, the owners of Denny's (group of franchises) Papa John's & Applebees are making very strong individual statements of disapproval with this administration's forecasted 4-year ObamaCare agenda.

In my opinion, these wise, pro-active business owners are doing what they're doing in an attempt to inspire a chain reaction revolt across the U.S. against socialist health care A.K.A. ObamaCare.
The New Cool Warrior

Brookville, OH

#8 Nov 15, 2012
Listen to dah bitchin' when dos Obama voters pout an' shout, after dey got no place to hang out and squeal, after dey do dere drug deals.
well

Rawson, OH

#9 Nov 17, 2012
yeah right. I know personally a man who runs a very big restaurant chain here, and Ky. He said he is cutting everyones pay, so he will not have to supply insurance, in the mean time, he is buying 3 expensive automobiles as Christmas gifts for his relatives. Its a ploy, and all about the money. More.. Today, Hostess Brands inc.— the company famed for its sickly sweet desert snacks like Twinkies and Sno Balls — announced they’d be shuttering after more than eighty years of production.
But while headlines have been quick to blame unions for the downfall of the company there’s actually more to the story: While the company was filing for bankruptcy, for the second time, earlier this year, it actually tripled its CEO’s pay, and increased other executives’ compensation by as much as 80 percent.
At the time, creditors warned that the decision signaled an attempt to “sidestep” bankruptcy rules, potentially as a means for trying to keep the executive at a failing company. The Confectionery, Tobacco Workers & Grain Millers International Union pointed this out in their written reaction to the news that the business is closing:
BCTGM members are well aware that as the company was preparing to file for bankruptcy earlier this year, the then CEO of Hostess was awarded a 300 percent raise (from approximately $750,000 to $2,550,000) and at least nine other top executives of the company received massive pay raises. One such executive received a pay increase from $500,000 to $900,000 and another received one taking his salary from $375,000 to $656,256.
Certainly, the company agreed to an out-sized pension debt, but the decision to pay executives more while scorning employee contracts during a bankruptcy reflects a lack of good managerial judgement.
It also follows a trend of rising CEO pay in times of economic difficulty. At the manufacturing company Caterpillar, for example, they froze workers’ pay while boosting their CEO’s pay to $17 million. And at Citigroup, CEO Vikram Pandit received $6.7 million for crashing his company, walking off with $260 million after the business lost 88 percent of its value.
Social Worker

Dayton, OH

#10 Nov 17, 2012
well wrote:
yeah right. I know personally a man who runs a very big restaurant chain here, and Ky. He said he is cutting everyones pay, so he will not have to supply insurance, in the mean time, he is buying 3 expensive automobiles as Christmas gifts for his relatives. Its a ploy, and all about the money. More.. Today, Hostess Brands inc.— the company famed for its sickly sweet desert snacks like Twinkies and Sno Balls — announced they’d be shuttering after more than eighty years of production.
But while headlines have been quick to blame unions for the downfall of the company there’s actually more to the story: While the company was filing for bankruptcy, for the second time, earlier this year, it actually tripled its CEO’s pay, and increased other executives’ compensation by as much as 80 percent.
At the time, creditors warned that the decision signaled an attempt to “sidestep” bankruptcy rules, potentially as a means for trying to keep the executive at a failing company. The Confectionery, Tobacco Workers & Grain Millers International Union pointed this out in their written reaction to the news that the business is closing:
BCTGM members are well aware that as the company was preparing to file for bankruptcy earlier this year, the then CEO of Hostess was awarded a 300 percent raise (from approximately $750,000 to $2,550,000) and at least nine other top executives of the company received massive pay raises. One such executive received a pay increase from $500,000 to $900,000 and another received one taking his salary from $375,000 to $656,256.
Certainly, the company agreed to an out-sized pension debt, but the decision to pay executives more while scorning employee contracts during a bankruptcy reflects a lack of good managerial judgement.
It also follows a trend of rising CEO pay in times of economic difficulty. At the manufacturing company Caterpillar, for example, they froze workers’ pay while boosting their CEO’s pay to $17 million. And at Citigroup, CEO Vikram Pandit received $6.7 million for crashing his company, walking off with $260 million after the business lost 88 percent of its value.
The rules require you to post a valid link to an article that will substantiate your claims. Otherwise your comments are taken to be either your opinion, or lies.
There is nothing available online that verifies your claims that Hostess increased executives salaries. Such a move would have required the approval of the bankruptcy court.
The union thought it could call the bluff of a company with $1.4 billion dollars in liabilities. It was a stupid move and they lost. Even the Teamster's union urged the workers to settle the strike so they could all keep their jobs.
Social Worker

Dayton, OH

#11 Nov 17, 2012
well wrote:
yeah right. I know personally a man who runs a very big restaurant chain here, and Ky. He said he is cutting everyones pay, so he will not have to supply insurance, in the mean time, he is buying 3 expensive automobiles as Christmas gifts for his relatives. Its a ploy, and all about the money. More.. Today, Hostess Brands inc.— the company famed for its sickly sweet desert snacks like Twinkies and Sno Balls — announced they’d be shuttering after more than eighty years of production.
But while headlines have been quick to blame unions for the downfall of the company there’s actually more to the story: While the company was filing for bankruptcy, for the second time, earlier this year, it actually tripled its CEO’s pay, and increased other executives’ compensation by as much as 80 percent.
At the time, creditors warned that the decision signaled an attempt to “sidestep” bankruptcy rules, potentially as a means for trying to keep the executive at a failing company. The Confectionery, Tobacco Workers & Grain Millers International Union pointed this out in their written reaction to the news that the business is closing:
BCTGM members are well aware that as the company was preparing to file for bankruptcy earlier this year, the then CEO of Hostess was awarded a 300 percent raise (from approximately $750,000 to $2,550,000) and at least nine other top executives of the company received massive pay raises. One such executive received a pay increase from $500,000 to $900,000 and another received one taking his salary from $375,000 to $656,256.
Certainly, the company agreed to an out-sized pension debt, but the decision to pay executives more while scorning employee contracts during a bankruptcy reflects a lack of good managerial judgement.
It also follows a trend of rising CEO pay in times of economic difficulty. At the manufacturing company Caterpillar, for example, they froze workers’ pay while boosting their CEO’s pay to $17 million. And at Citigroup, CEO Vikram Pandit received $6.7 million for crashing his company, walking off with $260 million after the business lost 88 percent of its value.
The story is a lie, but imagine if it were true! You see, Hostess

is owned by a bunch of very big name "labor friendly" Democrats!

http://www.bizzyblog.com/2012/11/17/ap-politi...
Chris

West Chester, OH

#12 Nov 17, 2012
Labor friendly Democrats, I read that too!
I am going to switch parties!
The Activist

Dayton, OH

#13 Nov 17, 2012
Chris wrote:
Labor friendly Democrats, I read that too!
I am going to switch parties!
You are a conservative, so that means you will be a Dem?

We don't want you!
Mitt Romney

Mount Vernon, OH

#14 Nov 17, 2012
Social Worker wrote:
<quoted text>
The story is a lie, but imagine if it were true! You see, Hostess
is owned by a bunch of very big name "labor friendly" Democrats!
http://www.bizzyblog.com/2012/11/17/ap-politi...
Good work, thanks.
Doctor Phil

AOL

#15 Nov 18, 2012
I will admit Democrats and unions lie a lot, just like this White House.
clueless

Rawson, OH

#16 Nov 18, 2012
A scapegoat is a person or group made to bear the blame for another’s actions, and usually they are easy targets to assign blame for something they had nothing to do with. Republicans have attempted to blame union labor for much of the nation’s economic woes in recent years and, yesterday, the Hostess Brands took a page right out of Republicans’ playbook and blamed a union strike as the reason they were shutting their doors and liquidating their assets costing 18,500 employees their jobs. However, much of the responsibility for Hostess shutting down lies with the company’s management and the private equity firm behind them, and yet union workers are the ones bearing the blame and subsequently will suffer the consequences of the shutdown.

Hostess Brands’ demise is a recurring story that should be well-known after Americans learned the predatory private equity tactics of Bain Capital during Willard Romney’s failed run for the White House. In fact, union president Richard Trumka pointed out that Wall Street investors that own Hostess were disinterested in the company’s success and cited similarities to the situation of Bain Capital and KB Toys in 2000. As a reminder, Bain Capital’s scheme was leveraging companies with crushing debt, cutting workers’ wages and benefits, and when the company can no longer repay their loans they go into bankruptcy, often more than once. Hostess is in bankruptcy for the second time since 2009 and a major factor in their inability to succeed is that over the past eight years, they were owned by Wall Street investors that were restructuring experts, managers from other non-baking food companies, and now a liquidation specialist. There was no plan for Hostess to succeed and it appears that was the objective all along.

Hostess’s failure was compounded by having six CEO’s in 8 years who had no experience in the bread or cake baking industry, and despite their financial woes, the company’s CEO got a 300% salary increase from $750,000 to $2,250,000, and other top executives received raises worth hundreds-of-thousands of dollars; all while the company was struggling. Instead of acknowledging the lack of competent leadership and exorbitant executive salaries as contributing to the company’s decision to close its doors, CEO Gregory Rayburn issued a statement saying,“We deeply regret the necessity of today’s decision, but we do not have the financial resources to weather an extended nationwide strike.” However, Rayburn and Hostess management claimed the strike would be responsible for closing plants even before there was a strike, and they had made plans to close plants whether or not workers accepted the Draconian wage and benefit cuts the company offered, or if they went on strike.
clueless

Rawson, OH

#17 Nov 18, 2012
Social Worker wrote:
<quoted text>
The rules require you to post a valid link to an article that will substantiate your claims. Otherwise your comments are taken to be either your opinion, or lies.
There is nothing available online that verifies your claims that Hostess increased executives salaries. Such a move would have required the approval of the bankruptcy court.
The union thought it could call the bluff of a company with $1.4 billion dollars in liabilities. It was a stupid move and they lost. Even the Teamster's union urged the workers to settle the strike so they could all keep their jobs.
Why don't you find it, since your so informed...you are a joke. Did you not watch the news this morning, the real news.
Mitt Romney

Mount Vernon, OH

#18 Nov 18, 2012
Did you not read the link, clueless? On a sidenote, excellent name you chose for yourself.
Social Worker

Dayton, OH

#19 Nov 18, 2012
clueless wrote:
<quoted text>Why don't you find it, since your so informed...you are a joke. Did you not watch the news this morning, the real news.
I posted a link that shows you are lying. Hostess is owned in part by Richard Gephardt, former House Majority leader and a Democrat who runs a capital investment company just like Bain Capital.(Truth). Gephardt's company has already bailed out Hostess once. After appointing an almost endless succession of unsucessful CEO's charged with turning Hostess around, which they weren't not able to do, the union thought they would be bought out and saved.Truth.
This time, the union alone is absolutely at fault.
boo ray

Sabina, OH

#20 Nov 18, 2012
Social Worker wrote:
<quoted text>
I posted a link that shows you are lying. Hostess is owned in part by Richard Gephardt, former House Majority leader and a Democrat who runs a capital investment company just like Bain Capital.(Truth). Gephardt's company has already bailed out Hostess once. After appointing an almost endless succession of unsucessful CEO's charged with turning Hostess around, which they weren't not able to do, the union thought they would be bought out and saved.Truth.
This time, the union alone is absolutely at fault.
thats the problem need more unions to take care of the littleman. they support 100%of the workers not 47%. daaaaaaaad

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