How big of a pay cut should employees take to give their CEO a 300% raise?

Discussion in 'Economy' started by OohPooPahDoo, Nov 16, 2012.

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How big of a pay cut should employees take fund a 300% raise for their CEO?

  1. >50%

    2 vote(s)
    16.7%
  2. 25%-50% (the answer that the owners of Hostess would give)

    0 vote(s)
    0.0%
  3. 1%-24%

    2 vote(s)
    16.7%
  4. 0%

    8 vote(s)
    66.7%
  1. OohPooPahDoo
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    OohPooPahDoo Gold Member

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    How big of a pay cut should employees take to give their CEO a 300% raise?


    The vultures who bought Hostess thought it should be around 30%.

    Their employees disagreed. I guess they're just greedy, right?
     
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    Last edited: Nov 16, 2012
  2. WillowTree
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    WillowTree Diamond Member

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    well, 18.000 of em are unemployed so you tell me! does striking work?
     
  3. Oddball
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  4. Rat in the Hat
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  5. OohPooPahDoo
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    OohPooPahDoo Gold Member

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    Does asking your employees to take a 30% pay cut after you've given yourself a 300% raise work? That sort of behaviour is consistent with vulture capitalism - and what a coincidence, Hostess is owned by vultures. They never intended to make the company solvent long term, they only intended to squeeze as much cash out of it as possible before complete liquidation.
     
    Last edited: Nov 16, 2012
  6. jwoodie
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    jwoodie Gold Member Supporting Member

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    No, just stupid.
     
  7. OohPooPahDoo
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    How come none of you righties have an answer?
     
  8. uscitizen
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    uscitizen Senior Member

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    So someone bought Hostess knowing the union and finiancial situation?
    Who are the dumpasses?
     
  9. OohPooPahDoo
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    What "union situation" is this? The one where unions go on strike after you cut out their pension benefit and ask them for a 30% pay cut after giving yourself a big pay hike?

    As for the financial situation - buying companies in a bad situation on the cheap to raid them for cash is exactly what vulture capitalists do.
     
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  10. Avorysuds
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    Now they have no job! Yay!!! Obama will sit their asses on welfare for 10 years and Dems won't ever lose an election!!! YAYAY!!!!! WeLFARE YAYAYAY!!!!!

    The end has passed, we are floating our way to the bottom. Don't believe me, ask the FED to stop pumping 40 billion a month into a lifeless economy, ask Obama to end the welfare wars, ask Obama to end years of welfare and see how great things are.

    No matter, when the economy keeps sucking Obama can keep blaming Bush, Republicans, the American people, white people, ATM’s, China, something, something else…. But never ever will Obama say “Dang, I was wrong…”
     
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