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Poor ManagementFinally, as noted by Think Progress, Hostess mysteriously tripled the pay of their CEO just months before asking union members to take a pay cut to “save the company.” One could understand how union members found it hard to believe the company was strapped for cash after raising the CEO’s salary from approximately $750,000 to $2,555,000. Nine other executives at the company also received massive pay raises earlier this year, which now appear to be part of a “golden parachute” package. Other CEO's, like the head of American Airlines, freezed or reduced their pay over the past four years when they asked unions to make similar sacrifices.It is also worth remembering that Hostess executive agreed to pay the labor unions their high wages and generous pensions in an earlier contract. Much like NHL owners, the Hostess executives were trying to take back an earlier contractual promise made to the union.
Illuminator is a good poster. He sticks to his guns and makes good points. Some don\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\'t like that.
im pretty sure youre right about that but newaze... 20 years ago I cooked for a living in Tampa. The highest a cook could achieve was @ $14hr. My close friend is still a cook. Guess what the ceiling is.....still. The same as was 20 years ago. AND when you put all your time in to get to that wage...management does you a favor by cutting your hours to save labor cost which ultimately goes in as a bonus to the managers and corporate pigs.