Tue Nov 20, 2012, 08:27 PM
Archae (37,706 posts)
Thank you, Hostess CEO's
Hope you choke on those big fat golden parachutes you gave yourselves...
UPDATE: Ho no! Pour a glass of milk for the dessert foods that are no more, because it appears that Twinkies, Ho Hos, Ding Dongs, and the rest of Hostess Brands Inc.’s cupboard full of snack foods could really be leaving supermarket shelves for good. Mediation efforts between the company and the Bakery, Confectionary, Tobacco, and Grain Millers Union—which were supposed to save the company—failed Tuesday, meaning Hostess will return to bankruptcy court Wednesday to make its case of liquidating and selling off its assets. Roughly 18,000 workers at the Texas-based company will lose their jobs.
7 replies, 1312 views
Thank you, Hostess CEO's (Original post)
Response to nadinbrzezinski (Reply #1)
Tue Nov 20, 2012, 08:35 PM
Warpy (91,097 posts)
3. I hope they get it for pennies on the dollar
considering all that bad debt those CEO boys ran up over the last 20 years.
I hope all those CEO boys retire to a Caribbean island and, being Texas CEO boys, don't take warnings seriously and get nailed by hurricanes, several of them, one after another, draining all their stolen money to rebuild.
I don't want them dead. I just want them POOR.
Response to Archae (Original post)
Tue Nov 20, 2012, 08:36 PM
doc03 (18,272 posts)
4. The company I worked for liquidated in September.
They cut the health insurance off of several thousand of us and at the same hearing the judge
OKed $20 million in bonuses for the top 18 management people.
Response to aquart (Reply #6)
Tue Nov 20, 2012, 09:10 PM
doc03 (18,272 posts)
7. I'm not sure but he was probably a Republican appointee.
I know the bankruptcy judge in our 1985 bankruptcy was a RR appointee and the one in
our 2003 bankruptcy was from GHWB. We got screwed big time ever time. In the early 80's we agreed on concessions that the company promised to repay, my personal stake was over $80,000. Then in 1985 the company went bankrupt and the judge terminated our pension and we got 13 cents on the dollar for our money. The bankers got all their money and the management walked out with their golden parachutes.