Hostess Unions were never going to make a deal

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

  1. CrusaderFrank
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    CrusaderFrank Diamond Member

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    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
     
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  2. The Rabbi
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    The Rabbi Diamond Member

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    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
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    ABikerSailor Platinum Member

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    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?
     
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  4. The Rabbi
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    The Rabbi Diamond Member

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    Why would management bankrupt a company they were drawing large salaries from?
    Duh.
     
  5. Matthew
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    Matthew Blue dog all the way!

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    The unions want to run businesses out of business. They don't really care about the workers.
     
  6. Black_Label
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    Black_Label Registered Democrat

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    That's what lead to the bankruptcy. The fat cats bankrolled themselves and told the workers to go to hell.
     
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  7. occupied
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    occupied Gold Member

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    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
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    The Rabbi Diamond Member

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    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
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    Political Junky Gold Member

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    Much like Romney did with companies he bought up.
     
  10. The Rabbi
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    The Rabbi Diamond Member

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    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??
     

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