Posted by oldtanker on July 17, 2013 at 08:49:51 from (66.228.255.116):
In Reply to: Twinkee's are back posted by BIG RUH on July 15, 2013 at 20:53:51:
OK Fact: Hostess did approve a large raise for management: Fact: Most did not receive it because they left the company or instead too large pay cuts: Fact: The pay raises did away with yearly bonuses: Fact: Those pay raises were put in effect to try to keep people there who were thinking about jumping ship: Fact: Those raises went away when it was found out they violated bankruptcy law: Fact: The unions, requiring things like Hostess and Wonder products to be delivered in separate trucks, other union people actually placing the product on store shelves (3 workers doing the job of 1) and so on had a great deal to do with Hostess failing. Much more than the unions would like to admit.
Many folks think that if the CEO of a company would just take a pay cut that the employees could have a nice pay raise. Lets see, the CEO of Wal Mart makes about 18 million a year. They employee about 2.2 million people. So if he worked for free and they gave each employee an equal share they would get $8.18 for the entire year or about .003 cents an hour for full timers.
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