sourceninja
Diamond Member
There is no guarantee that the result would have been different with another CEO.
True, but they would have saved some CEO pay and with that extra money, who knows.
There is no guarantee that the result would have been different with another CEO.
And that ended up leaving them with a captain and no sailors. Seems like their play was a failure after all.
Twinkies and just about everything else Hostess makes suck.
True, but they would have saved some CEO pay and with that extra money, who knows.
So the bakers have to take a paycut while the top execs get 50% or more raises?
So if the management pay was limited to, say, $100k, do you believe Hostess would still be in business today?Greed sucks. :'( I means sheesh do you need 2+ million dollars a year to live? Wonder how much they could of cut down on the pay cut if the top execs didn't take a pay raise. Might of been enough, I suck at math but maybe save the company and 18 thousand jobs? That would of een th right thing to do.
Greed sucks. :'( I means sheesh do you need 2+ million dollars a year to live? Wonder how much they could of cut down on the pay cut if the top execs didn't take a pay raise. Might of been enough, I suck at math but maybe save the company and 18 thousand jobs? That would of een th right thing to do.
I agree with how much money do you need to live on, but it's an open market here. Those execs could have got a job somewhere else for the same pay.
Not to belittle anyone, but most bakers, delivery people, Walmart workers, etc don't posses the desire or skill set to do what a CEO does and since laborers out number CEOs they kind of get to pick their pay level.
True, but they would have saved some CEO pay and with that extra money, who knows.
Which is one reason unions exist: to prevent a situation where someone can be replaced easily...job security.Aye, sad but true. The workers are all replacement level or lower, the executives are generally not.
KT
Just saw this on ebay
Which is one reason unions exist: to prevent a situation where someone can be replaced easily...job security.
Yucky bit of trivia:
The while filling in their snack cakes is made out of beef lard.
That's the same excuse every executive in the world uses to justify his pay increase. "But I'm just one person!"The increase in management pay, when you look at the costs of employing 18000 people, was just a drop in the bucket.
The increase in management pay, when you look at the costs of employing 18000 people, was just a drop in the bucket.
That's the same excuse every executive in the world uses to justify his pay increase. "But I'm just one person!"
Lead by example and the sheep will follow. It's a principle that people tend to forget as they move up the food chain.
Just saw this on ebay
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That's the same excuse every executive in the world uses to justify his pay increase. "But I'm just one person!"
Lead by example and the sheep will follow. It's a principle that people tend to forget as they move up the food chain.
Most valuable ceo's didn't spend years of their lives learning how to manage a large corporation to work for the same pay as their midlevel MBA's. A good CEO can make a company tens, if not hundreds of millions of dollars, so asking for 2-3M per year is totally reasonable. I can guarantee you if these managers didn't get these raises, there was no fucking way they were going to deal with Hostess's problems.
I bet they would have taken less pay from a successful company, just because the work would be different.