Twinkies is going out of business !

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CrazyPaul said:
If it'd be a private business, we would not have postal inspectors and there would be no fines/penalties for anyone who opened or stole someone else's mail.
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Theft is still a crime.
 
Not worried about Twinkies....they will be back most likely. Probably produced in a different state by a different manufacturer.
 
diehardbiker said:
Union is dying, they have nothing but money to fight with. Union WAS good organization back in late 19th century because many industries owners back then don't give a damn about safety. They view safety as employees own problem. It is like if you happen to trip and got in open gear, your dead instantly. So union was formed to force companies install safety equipment and guards etc. Now with OSHA run by government, it makes union nearly obsolete.

Union employees lost job though strike, Unemployment Insurance will not cover, the union will cover the pay for the loss up to 6 months. I think, and Unemployment Insurance will NOT pay for lost time while picketing. In other word, Union (AFL-CIO) has its own insurance for wage losses.
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it had nothing to do with saftey, it was alot more to do with explotation, economic exploitation!!! that is, class struggles... and now since unions is or are dying out, or in danger of dissappearing altogether, that is happening because of 'manageralism', a new class ' a fake middle class' pretending to be upper class, or the other way around, -often interchangable so it confuses people and thus class control remains effective or indeed became more effective...scary but true...
 
It was in 19th century, the first steel worker started organized right after a worker got killed inside factory and there was no safety equipment around. Money is also other issues. Today, which is 21st century we got OSHA so safety isn't much of issues with Unions, whats left? Money.

Grummer said:
it had nothing to do with saftey, it was alot more to do with explotation, economic exploitation!!! that is, class struggles... and now since unions is or are dying out, or in danger of dissappearing altogether, that is happening because of 'manageralism', a new class ' a fake middle class' pretending to be upper class, or the other way around, -often interchangable so it confuses people and thus class control remains effective or indeed became more effective...scary but true...
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diehardbiker said:
It was in 19th century, the first steel worker started organized right after a worker got killed inside factory and there was no safety equipment around. Money is also other issues. Today, which is 21st century we got OSHA so safety isn't much of issues with Unions, whats left? Money.
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OSHA isn't union replacement.

There are many safety violation went unnoticed.
 
Twinkies is crap....but I feel for the employees-
 
diehardbiker said:
Maybe they are one of highest paid employees, while the rest may not get as much dough, who knows? :dunno:
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The news say most of them make up to $20 per hour, except for workers that worked for many years, especially seniority.
 
Foxrac said:
The news say most of them make up to $20 per hour, except for workers that worked for many years, especially seniority.
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Yup, that is why they are in trouble.... That is a $10/hr job tops.
 
TXgolfer said:
For what? :lol:
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I remember one court case about a CEO that took all money and laid off people before shutdown. I think he was found guilty. I don't remember the name of the company (Eron or something like that) and the name of CEO.
 
TXgolfer said:
Yup, that is why they are in trouble.... That is a $10/hr job tops.
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I doubt it is union issue because Hostess has issue with mismanagement so they didn't get better after out of bankruptcy.

Also, the executives at Hostess blamed on union for shut the company down so it is obviously play blame game. The manager/boss have power to terminate the workers whoever went on strike and find a permanent replacement.

If union and executive makes deal to pull Hostess out of bankruptcy so that's great.
 
Enron, what executive did was fraud, that is why he was found guilty. Exact what happened is that he artificially increased the value of the company by falsified the information on profit, he inflated the actual company earning. And Encourage employees to buy shares thinking they are in for great profits only to find out there is no money in it. Those who invested in stock were pissed off because it ended up no value in it. The fraud is pretty much have to do with SEC not the company itself. Those who invested in Enron stock sued for the loss, which result Enron ended up having no money, even executive themselves got broke instantly. Executives are responsible for the integrity of company's revenue information, and they can be sued for falsified report any income.

CrazyPaul said:
I remember one court case about a CEO that took all money and laid off people before shutdown. I think he was found guilty. I don't remember the name of the company (Eron or something like that) and the name of CEO.
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diehardbiker said:
Enron, what executive did was fraud, that is why he was found guilty. Exact what happened is that he artificially increased the value of the company by falsified the information on profit, he inflated the actual company earning. And Encourage employees to buy shares thinking they are in for great profits only to find out there is no money in it. Those who invested in stock were pissed off because it ended up no value in it. The fraud is pretty much have to do with SEC not the company itself.
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What about the company? Was it going out of business?
 
Gone, zip, nada, nothing. Everything is sold out done to repay only few fortunate investors but they aren't getting all of their money back.
Enron exists only in memory. Former employees almost get nothing, reason? They never saw the actual money, so they considered never had a stock so can't get money back. In other word, can't get refund with fake stocks.

CrazyPaul said:
What about the company? Was it going out of business?
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CrazyPaul said:
I remember one court case about a CEO that took all money and laid off people before shutdown. I think he was found guilty. I don't remember the name of the company (Eron or something like that) and the name of CEO.
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Lol, Enron....and not even close to the same situation.
 
diehardbiker said:
Gone, zip, nada, nothing. Everything is sold out done to repay only few fortunate investors but they aren't getting all of their money back.
Enron exists only in memory. Former employees almost get nothing, reason? They never saw the actual money, so they considered never had a stock so can't get money back. In other word, can't get refund with fake stocks.
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Ok, What about CEO, (Mr. Lay?)? Found guilty?
 
Foxrac said:
I doubt it is union issue because Hostess has issue with mismanagement so they didn't get better after out of bankruptcy.

Also, the executives at Hostess blamed on union for shut the company down so it is obviously play blame game. The manager/boss have power to terminate the workers whoever went on strike and find a permanent replacement.

If union and executive makes deal to pull Hostess out of bankruptcy so that's great.
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They should replace the workers at half of their salary.
 
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