Hostess Unions were never going to make a deal

Discussion in 'Politics' started by CrusaderFrank, Nov 22, 2012.

  1. CrusaderFrank
    Online

    CrusaderFrank Diamond Member

    Joined:
    May 20, 2009
    Messages:
    87,208
    Thanks Received:
    15,958
    Trophy Points:
    2,210
    Ratings:
    +46,095
    Here's what you probably don't know: Hostess was in bankruptcy from 2004-2009. A private equity firm tied to Richard Gephardt bought them out of bankruptcy.

    The bakers union turned down having 2 board representatives and 25% equity in the company

    Unions were never interested in making a deal
     
    • Thank You! Thank You! x 1
  2. The Rabbi
    Offline

    The Rabbi Diamond Member

    Joined:
    Sep 16, 2009
    Messages:
    67,629
    Thanks Received:
    7,823
    Trophy Points:
    1,840
    Location:
    Nashville
    Ratings:
    +18,227
    Frank, looking into ti the issue was not the bakers' union. They were pretty efficient at what they did. But you are right they did not want to make a deal because the real issue was the Teamsters union. All the horror stories about needing extra people to unload because drivers refused to do it are all related to the Teamsters. The Bakers were in effect being asked to bail out the Teamsters. Which they refused.
     
  3. ABikerSailor
    Offline

    ABikerSailor Platinum Member

    Joined:
    Aug 26, 2008
    Messages:
    34,571
    Thanks Received:
    5,477
    Trophy Points:
    1,140
    Location:
    Amarillo TX
    Ratings:
    +10,985
    Considering that the management skipped right over mediation and wanted to go straight to firing people until they were stopped by a judge, I'd say it's Hostess that's not interested in negotiation.

    Besides..............is it really right to give management a 35 to 75 percent pay raise, while asking the workers to take an 8 percent pay cut?
     
    • Thank You! Thank You! x 1
  4. The Rabbi
    Offline

    The Rabbi Diamond Member

    Joined:
    Sep 16, 2009
    Messages:
    67,629
    Thanks Received:
    7,823
    Trophy Points:
    1,840
    Location:
    Nashville
    Ratings:
    +18,227
    Why would management bankrupt a company they were drawing large salaries from?
    Duh.
     
  5. ScienceRocks
    Online

    ScienceRocks Blue dog all the way!

    Joined:
    Mar 16, 2010
    Messages:
    55,636
    Thanks Received:
    5,403
    Trophy Points:
    1,885
    Location:
    The Good insane United states of America
    Ratings:
    +20,856
    The unions want to run businesses out of business. They don't really care about the workers.
     
  6. Black_Label
    Offline

    Black_Label Registered Democrat

    Joined:
    Jun 20, 2012
    Messages:
    6,306
    Thanks Received:
    508
    Trophy Points:
    48
    Ratings:
    +516
    That's what lead to the bankruptcy. The fat cats bankrolled themselves and told the workers to go to hell.
     
    • Thank You! Thank You! x 1
  7. occupied
    Offline

    occupied Gold Member

    Joined:
    Nov 8, 2011
    Messages:
    17,361
    Thanks Received:
    2,373
    Trophy Points:
    280
    Ratings:
    +6,477
    It's kind of like stealing the silverware on the way out of a burning house. They were loading up their golden parachutes and richly rewarding themselves for failure. All of them will end up on the boards of other companies and loot them too. As long as executives can do that kind of thing and their failures are not held against them then this kind of thing will continue to be the normal operating procedure of American corporate take-overs.
     
  8. The Rabbi
    Offline

    The Rabbi Diamond Member

    Joined:
    Sep 16, 2009
    Messages:
    67,629
    Thanks Received:
    7,823
    Trophy Points:
    1,840
    Location:
    Nashville
    Ratings:
    +18,227
    Proof?
    Generally, people making money from an enterprise want to continue doing so.
    No, it is the Teamsters, who can go on to other jobs and screw up other industries at fault here.
     
  9. Political Junky
    Online

    Political Junky Gold Member

    Joined:
    May 27, 2009
    Messages:
    22,565
    Thanks Received:
    3,450
    Trophy Points:
    280
    Ratings:
    +7,762
    Much like Romney did with companies he bought up.
     
  10. The Rabbi
    Offline

    The Rabbi Diamond Member

    Joined:
    Sep 16, 2009
    Messages:
    67,629
    Thanks Received:
    7,823
    Trophy Points:
    1,840
    Location:
    Nashville
    Ratings:
    +18,227
    No, nothing like that. ROmney was very successful and the majority of companies he bought went on and succeeded. Others were risky ventures anyway and would have failed.
    Where do they teach this stuff??
     

Share This Page