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Fuck Hostess and their Twinkies.....

Discussion in 'The Bar' started by Smell Muhfinger, Nov 27, 2012.

  1. Smell Muhfinger

    Smell Muhfinger "is just really nice?"

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    Hostess Executives Received Large Pay Increases While The Company Was Preparing A Bankruptcy Filing.


    Hostess management, which is currently blaming unions for killing the Twinkie, awarded company execs absurdly large raises around the same time as filing for bankruptcy in January 2012 - including a 300% pay raise for then-CEO Brian Driscoll.

    According to the the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union:

    "As the company was preparing to file for bankruptcy earlier this year, the then CEO of Hostess was awarded a 300 percent raise (from approximately $750,000 to $2,550,000) and at least nine other top executives of the company received massive pay raises. One such executive received a pay increase from $500,000 to $900,000 and another received one taking his salary from $375,000 to $656,256."


    http://www.snopes.com/politics/business/hostess.asp
     
  2. Sponsor

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  3. BearShit

    BearShit HamTube H.N.I.C Gold

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    sup nigga, how you doing?
     
  4. gilaet

    gilaet remember Sammy Jankis Administrator

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  5. rolltide

    rolltide Well-Known Member VIP

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    The upper management was never going to let the business succeed. It was worth more to THEM sold off.
     
  6. Smell Muhfinger

    Smell Muhfinger "is just really nice?"

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    Good, bruvah. You? :pimp:
     
  7. BearShit

    BearShit HamTube H.N.I.C Gold

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    good, watching some jungle ball and my team looks like mikes armpit
     
  8. Smell Muhfinger

    Smell Muhfinger "is just really nice?"

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    Exactly! :mad:
     
  9. Smell Muhfinger

    Smell Muhfinger "is just really nice?"

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    Drinking some Natty Ice and hatin' on corporate America. :dontknow:
     
  10. Scott

    Scott Nightwatchman Staff Member

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    Looks like a win for the CEOs.
     

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