You must be registered to comment and vote on comments.
wooohooo save the twinkies
Society may end up feeling sorry for the fools who paid $500 for Twinkies on eBay!
Bring CEO and executive compensation back down to where it was 2 years ago, along with staff pay, and problem solved. Hostess increased salaries for the CEO and execs by a much greater than double digit margin, all while asking the union to CUT pay by 8%. Hostess is yet another not so shining example of the destruction of the american middle class worker. They get nailed all the while the CEO and execs profit from cutting their salary and benefits. Hostess management should resign in disgrace.
Salary Increases at Hostess Brian Driscoll, CEO, around $750,000 to $2,550,000.
Gary Wandschneider, EVP, $500,000 to $900,000.
John Stewart, EVP, $400,000 to $700,000.
David Loeser, EVP, $375,000 to $656,256.
Kent Magill, EVP, $375,000 to $656,256.
Richard Seban, EVP, $375,000 to $656,256.
John Akeson, SVP, $300,000 to $480,000.
Steven Birgfeld, SVP, $240,000 to $360,000.
Martha Ross, SVP, $240,000 to $360,000.
Rob Kissick, SVP, $182,000 to $273,008.
I will do the math. $3.737 million to an increased $7.542 million, or a 102% increase. And they can afford to do this, but ask the union for a cut in salaries and benefits for its workers. Again...Hostess management deserves to be unemployed.
If I was a union worker being asked to cut my pay and benefits while knowing the execs increased their pay by a HUGE amount, I would vote against it as well. Management tried to line their pockets off the backs of the middle class workers.
More proof that no matter what you do Twinkies never go bad.
Both management and the union need to get off their high horse to save this company. It's that, or bye bye twinkies. I don't care so much for twinkies, it's the 18K people that are going to be unemployed! Both sides need to get their butts at the table and work this out. Do something that Congress has been unable to do -- COMPROMISE!
"If I was a union worker being asked to cut my pay and benefits while knowing the execs increased their pay by a HUGE amount, I would vote against it as well"-----I'm pro-union but it is supply and demand. I'm guessing these execs can walk tomorrow and make their same salary. Can the bakers say the same thing?
Vulture Capitalism strikes again. The workers already made concessions earlier this year it was this 2nd round that sent them out on strike. I hope the mediator takes a long hard look at executive pay before expecting the workers to give up anymore.
ALL this talk about Twinkies makes me want a Ho Ho. LOL.... I 've never been big on Twinkies but apparently if Twinkies go away, so do Ho Hos and Ding Dongs. What a world...
Your comment is being reviewed for inclusion on the site.
Comments will be reviewed before being published.
The Most Innovative bank empowering you to achieve
Dare to Learn More
425 Portland Av. S.
Minneapolis, MN 55488
© 2013 StarTribune. All rights reserved.
StarTribune.com is powered by Limelight Networks