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In response to
"It's all for the union good -- nm"
by
Bacon via droid
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Hostess came under fire this spring after it was revealed that nearly a dozen executives received pay hikes of up to 80% last year even as the company
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was struggling. Although some of those executives later agree to reduced salaries, others - including former CEO Brian Driscoll - had left the company by the time the pay hikes came to light."
also
"It's a sober end for a storied name. Hostess, whose roster of brands dates as far back as 1888, hadn't invested heavily in marketing or innovation in recent years as it struggled with debt and management changes."
"As larger competitors insupermarket shelves with an array of new snacks and variations on popular brands, Hostess cakes seemed caught in a bygone time. The company took small stabs at keeping up with Americans' movement toward healthier foods, such as the introduction of its 100-calorie packs of cupcakes."
Heh, the company had filed bankruptcy twice in the last 10 years, due to mismanagement. It looks like they forced a strike (which just started last week and was about to be resolved) because of the former CEO's shenanigans.
I thought you had learned a little by now. You see the word union and your brain turns off as your knee jerks up. Next time, read the story from a source other than FOX (un)News before you rush to judgement.
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