The parasites killed the Host(ess)
1. an organism that obtains nourishment and shelter on another organism
parasites can cause harm and/or disease to their hosts
host:
1. an organism that harbors or nourishes another organism (the parasite).
So the unions, unwilling to take a supposed 8% reduction in workers wages and 17% reduction in pensions (although some sites report a 2% decrease in pensions that the union rejected), instead ended up running Hostess out of business. The company that provided 18,500 people with jobs for decades - and very good ones at that - had to shut its doors. Let's also not overlook the fact that in these trying economic times, many businesses have had to make concessions just to stay afloat. Many private businesses routinely ask workers to take a pay freeze or pay reduction. Also, many private businesses don't even offer pensions anymore - employees are expected to save their own money to fund their own eventual retirements. All of these actions are necessary just to stay in business. (As the saying goes: drastic times call for drastic measures.) Yet, in the case of Hostess, the unions felt it was better to let the company go under then to agree to some minor concessions. The unions wanted employees to keep getting paid the same and keep their benefit packages intact. To hell with allowing Hostess the ability to "make a profit" just to keep operating.
And talk about absurd - in Maine at a Hostess plant, striking workers were actually chanting "shut it down, shut it down!"
One can just picture the union bosses in some office, patting each other on the backs and saying "we showed them!" Yes, you sure did. Striking workers who lose their jobs do not qualify for unemployment compensation. And those workers who did not strike lost their jobs because of those who were striking. In the words of liberals everywhere: Is that FAIR???
The parasites just killed the Host(ess).
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70 Comments
Carl Hicks - Nov 17, 2012 12:54 PM
been enough left to run the business.
KKegler - Nov 17, 2012 1:10 PM
jman99 - Nov 17, 2012 1:31 PM
Carl Hicks - Nov 17, 2012 2:16 PM
workers had been giving concessions management was giving itself huge
increases.
To be honest I wonder how the company lasted as long as it did as the twinkie
was the epitome of junk food (see harry met sally). No new products in a
changing market is certain doom for any company.
ExToDResident - Nov 17, 2012 2:24 PM
to $2,250,000) and other executives who's pay increased approximately 80% (two
examples show increases from $500,000 to $900,000 & 375,000 to $656,256(sic)).
Mean while the unions had already made concessions in earlier negotiations. One
employee's pay went from $48,000 in 05 to $34,000 last year and the latest
concession was to reduce the wage to $25,000.
Hostess was a sinking, like the following article states they were sold numerous
times "racking up debt and shedding assets each time.
http://www.forbes.com/sites/helaineolen/2012/11/16/who-killed-hostess-brands-
and-twinkies/
Basically it was a battle between the hedge funds had with the unions. The unions
called the hedge funds "bluff" and lost for its members.
http://m.cnbc.com//id/49853653
http://www.goiam.org/index.php/imail/latest/10787-hostess-ceo-falsely-blames-
bakery-closures-on-strike
geno53151 - Nov 17, 2012 5:19 PM
geno53151 - Nov 17, 2012 5:20 PM
yert49 - Nov 18, 2012 12:05 AM
the top dog at BMO Harris. What a dope you are p-dump.
jhayett - Nov 18, 2012 7:17 AM
Try to explain your commnet to a Hostess employee with a family to support.
jhayett - Nov 18, 2012 9:02 AM
The salary of Hostess CEO, as you say, is .08% of their 2011 income and .0009% of 2011 revenues. The increase from $750,000 to $2.5 million? If what you say is true, which may not be true (see below), the new CEO was paid too much. Now look which union made this pay increase happen. Regardless, that salary talking point had zero to do with the bankruptcy of Hostess. The unions played the major roll in “dinging” Hostess.
“CORRECTION: An earlier version of this story incorrectly conflated the former Hostess CEO, Brian Driscoll, whose salary was reportedly tripled, with the current CEO, Greg Rayburn. For a detailed look at who did what, here’s Fortune/CNN:
Even as it played the numbers game, Hostess had to face chaos in the corner office at the worst possible time. Driscoll, the CEO, departed suddenly and without explanation in March. It may have been that the Teamsters no longer felt it could trust him. http://americablog.com/2012/11/hostess-twinkie-ceo-salary.html
MGarber - Nov 18, 2012 9:18 AM
Im not saying that this isnt another example of a union shooting itself in the foot. Im just saying Amy's analogy is ridiculous and hysterical. Same-old-same-old.
geno53151 - Nov 18, 2012 10:10 AM
So which one IS the host, and which IS the parasite??
ahemmer - Nov 18, 2012 10:57 AM
By the way, it appears that many libs here are nodding their heads in agreement with Barack Obama's war on the "rich" and "successful." Here's an eye-opener, libs - private companies do not exist simply to provide jobs and benefits to their employees. (I know, it's shocking!) Rather, they exist to (sit down for this) make a profit! Yes, profit - that evil six-letter word that makes the left cringe. When companies - like Hostess - cannot make a profit - they go out of business. In the case of Hostess, they couldn't be profitable because of the unions. And, when asked to take a slight pay/pension cut (similar to what has been happening to many workers across the country these days), union workers at Hostess said "no" and lost their jobs! Now, what is better - taking a slight pay/pension cut and still having a job, or having no job at all?
As for the demonizing comments directed at CEO's - not everyone in a company can be a CEO, nor get paid like a CEO. Many CEO's have achieved their positions through experience, education, hard work, intelligence, etc. and earn their pay. Just like doctors in a hospital make much more than orderlies. Why? Cuz doctors have gone to school longer than the norm, work hard, are intelligent, and have skills that many of us do not. Just like those CEO's, Presidents, VP's etc. of businesses.
ahemmer - Nov 18, 2012 10:59 AM
ahemmer - Nov 18, 2012 11:59 AM
In fact, your most recent comment could be deleted for implying that Yert49 is Jim Hayett. (By the way, I know for a fact that Yert49 is NOT Mr. Hayett, since Yert49 has contacted me several times via e-mails.) So stop slinging the same mud you accuse Yert49 of doing. You are in violation of the Discussion Guidelines yourself. Yet, I'll allow your comment to stay. Ironic, isn't it?
Carl Hicks - Nov 18, 2012 12:25 PM
but people capable of thinking for themselves can see this hedge fund owned
relic from the past was parted or for maximum profut.