FAt Cats Steal Hostess PENSIONS !!! WE PAY !???

Posted in the Minneapolis Forum

First Prev
of 2
Next Last
Bushwhacked

Saint Paul, MN

#6 Apr 28, 2013
Gay Slewsie, what did you do last night? OOPS! You spent it talking to yourself on Topix. What a great life you lead. As Redreamer says, "Looser!"
Bushwhacked

Saint Paul, MN

#8 Apr 28, 2013
Bushwhacker wrote:
Gotta love the spammer asking what I did last night, while SHE spends tonight & last night spamming...
Oops !!!!!!!!!!
Irony ?? Nope, STOOPID TEABAGGER ~!!!!
Gay Slewsie, what did you do last night? OOPS! You spent it talking to yourself on Topix. What a great life you lead. As Redreamer says, "Looser!"
Bushwhacker

Seattle, WA

#9 Apr 29, 2013
Hostess was probably kept afloat into the Twenty-First Century just so the Bush administration could color-ably be telling the truth when they said Iraqi agents were buying yellow cake.
Bushwhacker

Seattle, WA

#11 Apr 30, 2013
Shared sacrifices?

Even as Hostess blamed the unions, creditors accused Hostess of manipulating executive salaries in an attempt to get around bankruptcy laws, with then-chief executive Brian Driscoll’s salary going to $2.55 million from around $750,000 while “other executives’ salaries were increased by from 35% to 80%.”

It’s hard to see how this is not embezzlement, but apparently this happens so often that award-winning investigative reporter for the Wall Street Journal Ellen Schultz wrote a book about it called “Retirement Heist: How Companies Plunder and Profit from the Nest Eggs of American Workers.”
billary 2016

Minneapolis, MN

#12 Apr 30, 2013
Bushwhacked wrote:
Gay Slewsie, what did you do last night? OOPS! You spent it talking to yourself on Topix. What a great life you lead. As Redreamer says, "Looser!"
the whacker was HARD at it last night.

she needs to get with the program, NO FREE LUNCH in AMERICA !

anti union, rejoice !
Bushwhacker

Seattle, WA

#13 Apr 30, 2013
billary 2016 wrote:
<quoted text>
the whacker was HARD at it last night.
she needs to get with the program, NO FREE LUNCH in AMERICA !
anti union, rejoice !
FREE LUNCH RawMoney STYLE

While paying millions to its executives, Hostess took the money that was supposed to go into employees’ pensions and used it for other things.

Hostess just went bankrupt and got a judge to allow them to pay $1.75 million in bonuses to 19 of their executives. Yet… It turns out that Hostess took the money that was supposed to go into employees’ pensions and used it for other things. They say they spent it on company operations, but court records show them asking for permission to pay their CEO and other executives a lot of money.
Bushwhacker

Seattle, WA

#16 May 1, 2013
FREE LUNCH RawMoney STYLE

While paying millions to its executives, Hostess took the money that was supposed to go into employees’ pensions and used it for other things.

Hostess just went bankrupt and got a judge to allow them to pay $1.75 million in bonuses to 19 of their executives. Yet… It turns out that Hostess took the money that was supposed to go into employees’ pensions and used it for other things. They say they spent it on company operations, but court records show them asking for permission to pay their CEO and other executives a lot of money.
Bushwhacker

Seattle, WA

#17 May 2, 2013
FREE LUNCH RawMoney STYLE

While paying millions to its executives, Hostess took the money that was supposed to go into employees’ pensions and used it for other things.

Hostess just went bankrupt and got a judge to allow them to pay $1.75 million in bonuses to 19 of their executives. Yet… It turns out that Hostess took the money that was supposed to go into employees’ pensions and used it for other things. They say they spent it on company operations, but court records show them asking for permission to pay their CEO and other executives a lot of money.
non-starter

Saint Paul, MN

#18 May 2, 2013
Did union workers simply get their 'Just Desserts' for backing Hostess into a corner with too many unreasonable demands? Consider the evidence.

Union workers have now completed their mission. 18,500 jobs are gone forever.

The national labor bosses stood firm. Labor leaders are proud they stood up to those nasty ‘suits’[see Entourage for definition] who refused to run a money-losing business simply to continue paying salaries and benefits.

Hostess posted a $341 million loss in 2011 on revenues of about $2.5 billion. Contributing to those 2011 losses:
$52 million in Workers’ Comp Claims
Dealing with 372 Distinct Collective-Bargaining Contracts
Administration of 80 Separate Health and Benefits Plans
Funding and Tending to 40 Discrete Pension Plans
$31 million in year-over-year increases in wages and health care benefits for 2012 v. 2011

Uncounted in the above numbers were the outrageous union-imposed rules that made for a too-high-to-bear cost of sales:
No truck could carry both bread and snacks even when going to the same location
Drivers were not permitted to load their own trucks
Workers who loaded bread were not allowed to also load snacks
Bringing products from back rooms to shelves required another set of union employees
Multi-Employer pension obligations made Hostess liable for other, previously bankrupted, retirement plan contributions from employees that never worked for Hostess at all

America has come to this. The only defense against insane union demands is the willingness to walk away and close shop.
Bushwhacker

Seattle, WA

#19 May 28, 2013
FREE LUNCH RawMoney STYLE

While paying millions to its executives, Hostess took the money that was supposed to go into employees’ pensions and used it for other things.

Hostess just went bankrupt and got a judge to allow them to pay $1.75 million in bonuses to 19 of their executives. Yet… It turns out that Hostess took the money that was supposed to go into employees’ pensions and used it for other things. They say they spent it on company operations, but court records show them asking for permission to pay their CEO and other executives a lot of money.
anti union

Saint Paul, MN

#20 May 28, 2013
sounds like GM government motors!???

can you say bailout!???
Bushwhacker

Seattle, WA

#21 May 28, 2013
Hostess was probably kept afloat into the Twenty-First Century just so the Bush administration could color-ably be telling the truth when they said Iraqi agents were buying yellow cake.
the whacker has issues

Saint Paul, MN

#22 May 28, 2013
here we go - the liberal queen. Let's blame President Bush, sorry lefty it is barrys world view that is leading this socialist country.

Since: Oct 08

Location hidden

#23 May 28, 2013
People make choices. You have to live with those choices and the consequences of those choices. When you say to union representation, you give up your right to make certain choices. I don't feel sorry for single union person who allowed someone else to determine their destiny. Foolish and lazy.
They can blame anyone and everyone else for their plight, but in the end, that decision, to give up the freedom to control their own destiny, that is what did them in. RIP
Bushwhacker

Seattle, WA

#24 May 28, 2013


FREE LUNCH RawMoney STYLE

While paying millions to its executives, Hostess took the money that was supposed to go into employees’ pensions and used it for other things.

Hostess just went bankrupt and got a judge to allow them to pay $1.75 million in bonuses to 19 of their executives. Yet… It turns out that Hostess took the money that was supposed to go into employees’ pensions and used it for other things. They say they spent it on company operations, but court records show them asking for permission to pay their CEO and other executives a lot of money.
non-starter

Saint Paul, MN

#25 May 28, 2013
Bushwhacker wrote:
FREE LUNCH RawMoney STYLE
While paying millions to its executives, Hostess took the money that was supposed to go into employees’ pensions and used it for other things.
Hostess just went bankrupt and got a judge to allow them to pay $1.75 million in bonuses to 19 of their executives. Yet… It turns out that Hostess took the money that was supposed to go into employees’ pensions and used it for other things. They say they spent it on company operations, but court records show them asking for permission to pay their CEO and other executives a lot of money.
The same bankruptcy judge that Ok'd the offers to the employees gave the management the money to stick around and get the most value for the assets in the bankruptcy. The union employees were obviously not assets, or the new brand owners would have wanted to keep them.

Money well spent.
ebtcollector

Minneapolis, MN

#28 May 28, 2013
Hay twinkies will be back
Without unions
ebtcollector

Seattle, WA

#29 May 28, 2013
Good luck transporting them without teamsters, toots.... Oh right, the usual stupid rhetoric..

Funny, the managers are gone, too !!!

Which is an easier job to get $100k up or down ???

Looks like the managers are suffering, from their mistakes...
ebtcollector

Minneapolis, MN

#30 May 28, 2013
ebtcollector wrote:
Good luck transporting them without teamsters, toots.... Oh right, the usual stupid rhetoric..
Funny, the managers are gone, too !!!
Which is an easier job to get $100k up or down ???
Looks like the managers are suffering, from their mistakes...
Yes they are. Managers did lose their former jobs.
Another reason why new twinkie owners wont employ unions.

Sucks to be stupid right?

“The one and only Smart Liberal”

Since: Aug 12

Former MN Tax Payer

#31 May 28, 2013
non-starter wrote:
<quoted text>The same bankruptcy judge that Ok'd the offers to the employees gave the management the money to stick around and get the most value for the assets in the bankruptcy. The union employees were obviously not assets, or the new brand owners would have wanted to keep them.
Money well spent.
Very well stated.

And did you notice the penny stock guru, and fake Seattle resident, is finally posting with an honest name? Ebtcollector - even though he/she/it stole the name from someone else.

Funny how the truth inadvertently works its way to the surface, isn't it?

Tell me when this thread is updated:

Subscribe Now Add to my Tracker
First Prev
of 2
Next Last

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Minneapolis Discussions

Title Updated Last By Comments
Ebola Spreads to Texas 6 min cantmakeitup 22
Writer finds no mention of Christ in 126 histor... 12 min cantmakeitup 1
Mid Term elections 30 min cowboy chris 7
al freakin tax cheater 1 hr cowboy chris 2
Is the president safe? 1 hr cowboy chris 5
Drop one word....add one word game 1 hr 75 Scorpio 132
Global warming 'undeniable,' scientists say (Jul '10) 2 hr dont drink the ko... 32,793
Minneapolis Dating

more search filters

less search filters

Minneapolis Jobs

Minneapolis People Search

Addresses and phone numbers for FREE

Minneapolis News, Events & Info

Click for news, events and info in Minneapolis

Personal Finance

Mortgages [ See current mortgage rates ]