Say goodbye to Twinkies

dtc said

Well, if the boss triples his salary and the next two guys double theirs while they're also trying to tell me I have to take a freaking cut of they're going to close then, yes.

Yes, it is. They can take their big fat salaries and burn in hell.

Remember, sir, this is a free market and I have the right to sell my services to whomever I might like for whatever price I see fit. You don't have the right to tell some other worker he has to work for less.

Click to expand...

skip the part where the CEO agreed to work at 1 buck a year?

What the deal was to get the company back on its feet. And it sounds fair to me. I read cookie line workers made 55k average....

The new contract cuts salaries across the company by 8% in the first year of the five-year agreement. Salaries then bump up 3% in the next three years and 1% in the final year.

Hostess has also reduced its pension obligations and its contribution to the employees' health care plan. In exchange, the company offered concessions including a 25% equity stake for workers and the inclusion of two union representatives on an eight-member board of directors. To top of page


http://money.cnn.com/2012/11/12/news/companies/hostess-liquidation/?cnn=yes&hpt=hp_t3