"Union bosses" and "Wall Street vultures" blamed for Hostess' demise

Full story: CBS News

People are shown standing in the parking lot at the Utah Hostess plant in Ogden, Utah, Thursday, Nov.

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“your life is great”

Since: Aug 09

you poop in clean water

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#1
Nov 16, 2012
 

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hmmmmmm
Hostess has been in bankruptcy for awhile now.
IMHO it has more to do with people not buying their products anymore because they are mostly empty calories based on GMO products.
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Drakes will do very well with the absence of Hostess
Gary

Bellingham, WA

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#2
Nov 16, 2012
 

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Union bosses? Unions represent about 8% of the American work force. There are no bosses.

“your life is great”

Since: Aug 09

you poop in clean water

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#3
Nov 16, 2012
 

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turns out 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.
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not union bosses.
not Wall Street vultures.
more like in-house avarice.
Va te suce le pede

AOL

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#4
Nov 16, 2012
 
Just have a twinkie and get Type I diabetes (there is plenty of Insulin)!
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I don't trust companies anymore and the GOP uses them as spears for their antipoor, antiunion, antiminorities policies.
llol

Albuquerque, NM

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#5
Nov 16, 2012
 

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The unionist as got what they wanted, unlimited days off for Xmas, good luck shopping on your unemployment checks
Va te suce le pede

AOL

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#6
Nov 16, 2012
 

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llol wrote:
The unionist as got what they wanted, unlimited days off for Xmas, good luck shopping on your unemployment checks
The company's managers and President got their way and now they are going to sck us more!
Capitalistic Cannibalism

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#7
Dec 13, 2012
 

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llol wrote:
The unionist as got what they wanted, unlimited days off for Xmas, good luck shopping on your unemployment checks
Company executives robbed that company blind, tripling their own salaries while they began the bankruptcy process, then stole the workers pensions funds. No one deserves bonuses for running a company into the ground and never reinvesting money back into it for 10 years. Every farmer knows you have to feed the plow horse first or nothing gets done. Before deregulation stealing from workers pension funds used to be against the law. Thieves like this need to be executed for economic terrorism.
http://www.alternet.org/corporate-accountabil...

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