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Forum Post: Congrats to the Unions for not giving in to the greedy Hostess 1%

Posted 6 years ago on Nov. 16, 2012, 12:18 p.m. EST by freakzilla (-161) from Detroit, MI
This content is user submitted and not an official statement

Big party at the unemployment office this weekend! Don't expect any good snacks though.



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[-] 1 points by Coyote88 (-24) 6 years ago

Okay. Unemployment is good?

[-] 1 points by Progression (143) 6 years ago


Some creditors question Hostess pay raises approved in late July.

Brian Driscoll, CEO, around $750,000 to $2,550,000 (300% raise) 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

NOTE: Some executives didn't take full raise. Source: Creditors' Committee court filings

If you can spare a moment to upvote the reddit thread, it will be much appreciated. I see unions being blamed for this all over the media but have not heard much about the compensation skewed towards the management.

[-] 1 points by DKAtoday (33688) from Coon Rapids, MN 6 years ago

Rewarding failure - familiar story. Now they will sell off the pieces for more profit and the employees will be the only ones who get screwed.

[-] 1 points by Builder (4202) 6 years ago

High fat low nutrition garbage.

[-] 1 points by DKAtoday (33688) from Coon Rapids, MN 6 years ago

Executive officers? Yeah - seems to be their effect in many corpoRATions these days.

[-] 1 points by freakyfriday (179) 6 years ago

Not just the Hostess Union workers. There are Hostess resale shops all over the country. Those workers have nothing to do with this and have lost their jobs, too.

[-] 1 points by ivyquinn (167) 6 years ago

Corporatism will still rule the snack market. The snack products will be picked back up.

[-] 0 points by Shayneh (-482) 6 years ago

I guess they think it's great that they will be losing their jobs - woopy de doo!