While it is clear that the union demands played a role in the companies demise, the company has been in trouble for awhile.
So it's clear that the unions demands at the Glendale nursing home will play a role in the demise of Schenectady county. Schenectady county is in financial trouble, and has been in recent years.
Gee, have you found any evidence yet of your statement that county taxes are lower now than 50 years ago??? Of course you have not because it was a BIG FAT LIE!!!!!!!!!!! But then, you only posted that comment by virtue of a copy/paste from your dem cronies; as you are not and never have been a property taxpayer, you wouldn't know, and you don't even have the remotest clue of HOW to look up that information.
After looking up the company's various product lines (18 brands past and present), I can honestly say that neither I nor my family has purchased any of their products in at least 30 years. So while I certainly feel badly for the thousands who will lose their jobs, the demise of the various products won't impact me at all.
Just your your comment about county taxes, your comments lack ANY credibility!
Optimists close their eyes and pretend problems are non existent. Better to have open eyes, see the truths, acknowledge the negatives, and speak up for the people rather than the politicos and their rich cronies.
"While Foreign Terrorists were plotting to murder and maim using homemade bombs in Boston, Democrap officials in Washington DC, Albany and here were busy watching ME and other law abiding American Citizens who are gun owners and taxpayers, in an effort to blame the nation's lack of security on US so that they could have a political scapegoat."
Not to worry, their union boss' will help all 18k with job placement since they convinced their flock it was well worth digging their heels in for a better deal. The brotherhood will take care of them.(ya right - once the union dues are no longer collected, the union orgainizers(parasites) are on to the next host to suck dry)
Box you can't just blame the CEO's that run a company when the unions are just as bad. As President of the union, Trumka makes over eight times as much as the average American worker.
In 2011, Trumka earned $293,750. According to the recent email from Trumka’s desk, the average American worker makes about $34,000 a year.”
Unfortunately Richard Trumka isn’t the only Big Labor boss with a salary that’s out of control. In fact, his very generous income of $293,750 in 2011 is about average. According to the Labor Department’s total compensation figures, many of the top labor leaders make even more than Trumka:
Mary Kay Henry, President of the Service Employees International Union (SEIU), earned $290,334 in 2011; Gerald McEntee, President of the American Federation of State, County and Municipal employees, AFL-CIO (AFSCME), earned $512,369; James Hoffa, General President of the Teamsters, earned $372,489; Dennis Van Roekel, President of the National Education Association (NEA), earned$460,060; Joseph Hansen, President of the United Food and Commercial Workers International Union (UFCW), earned $361,124, and Randi Weingarten, President of the American Federation of Teachers (AFT), earned$493,859.
While Trumka calls on his members to get “CEO pay under control,” he should take a hard look at the dollars he and other union bosses are pocketing compared to the American workers they claim to represent.
The unions involved have already accepted several concessions both pay and benefit cuts.
The CEO's involved have already accepted several huge pay increases.
See? It's the UNION'S FAULT!
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
Hostess Brands, the maker of sweet snacks like Twinkies that filed for Chapter 11 bankruptcy protection last week, will ask a bankruptcy judge today to approve a plan that will allow it to pay $1.75 million in bonuses to 19 of its executives.
It's The Union's Fault!!!
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
Hostess To Pay $1.75 Million In Executive Bonuses After Blaming Unions For Bankruptcy
By Travis Waldron on Nov 19, 2012 at 1:55 pm
Hostess Brands, the maker of sweet snacks like Twinkies that filed for Chapter 11 bankruptcy protection last week, will ask a bankruptcy judge today to approve a plan that will allow it to pay $1.75 million in bonuses to 19 of its executives. Hostess’ decision to file for bankruptcy came amid disputes with its union workers, who threatened a strike that Hostess said imperiled the company’s finances. The unions are now protesting Hostess’ request for the bonuses, though they are unlikely to prevail, CNN Money reports:
Hostess Brands will ask a bankruptcy judge on Monday for approval to shut down the company and pay $1.75 million in executive bonuses.
Unions representing workers at the maker of Twinkies, Wonder Bread and Drake’s snacks are arguing against the bonuses. [...]
Under the plan, bonuses ranging from $7,400 to $130,500 will be paid to 19 executives. The company argues the bonuses are below market rates for such payments.
Even as it blamed unions for the bankruptcy and the 18,500 job losses that will ensue, Hostess already gave its executives pay raises earlier this year. The salary of the company’s chief executive tripled from $750,000 to roughly $2.5 million, and at least nine other executives received pay raises ranging from $90,000 to $400,000. Those raises came just months after Hostess originally filed for bankruptcy earlier this year.
Hostess is hardly the only company that has compensated its executives during bankruptcy or times of financial instability. Failed financial firm MF Global gave CEO Jon Corzine an $8 million pay package after it filed for bankruptcy, and Citigroup CEO Vikram Pandit received a $6.7 million pay package when he resigned, despite Citi’s 88 percent profit loss during his final quarter. And Hostess isn’t alone in giving executives massive raises while asking for concessions from union workers either: construction giant Caterpillar rewarded its CEO with a 60 percent pay raise, paying him $17 million, even as it forced a pay and pension freeze on its union workforce.
JUST BECAUSE SISSY SAYS SO DOESN'T MAKE IT SO...BUT HE THINKS IT DOES!!!!! JUST BECAUSE MC1 SAYS SO DOESN'T MAKE IT SO!!!!!
Hostess Brands, the maker of sweet snacks like Twinkies that filed for Chapter 11 bankruptcy protection last week, will ask a bankruptcy judge today to approve a plan that will allow it to pay $1.75 million in bonuses to 19 of its executives.
It's The Union's Fault!!!
it's the fault of BOTH SIDES.....and the system
Human Beings Are Getting Dumber, Says Study By JuJu KimNov. 15, 201239 Comments
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Are Humans Getting Intellectually and Emotionally Stupid? Smithsonian.com Email Print Share Comment Follow @timenewsfeed Just look at all the amazing innovations modern technology has given us: at-home HIV tests, motion-activated screwdrivers and self-inflating tires. It’s easy to look down on our prehistoric ancestors for their primitive, electric screwdriver-less way of life. But one scientist says we shouldn’t be so quick to judge.
In a two-part paper published in the journal Trends in Genetics, Stanford University researcher Gerald Crabtree suggests that evolution is, in fact, making us dumber — and that human intelligence may have actually peaked before our hunter-gatherer predecessors left Africa.
(MORE: Creationists Boycott Dr Pepper Over ‘Evolution of Flavor’ Ad)
The reason? Life on the veldt was tough, and prehistoric humans’ genes were constantly subjected to selective pressure in an environment where the species’ survival depended on it. For humans, that meant getting smarter. ”The development of our intellectual abilities and the optimization of thousands of intelligence genes probably occurred in relatively non-verbal, dispersed groups of peoples before our ancestors emerged from Africa,” Crabtree said in a news release.
The urbanization that followed the development of agriculture simplified survival by removing some of its challenges, which likely weakened natural selection’s ability to eliminate mutations associated with deficiencies in intelligence. Crabtree estimates that over the last 3,000 years (about 120 generations), humans have sustained at least two mutations that have eroded our intellectual and emotional intelligence.
“A hunter-gatherer who did not correctly conceive a solution to providing food or shelter probably died, along with his or her progeny, whereas a modern Wall Street executive that made a similar conceptual mistake would receive a substantial bonus and be a more attractive mate,” Crabtree wrote in the paper. He also noted that the average Athenian from 1000 B.C. would rank among the smartest and most emotionally stable in today’s society.
Not everybody agrees with Crabtree’s reasoning, however. Steve Jones, a geneticist at University College London, believes there is insufficient data to support his theory. ”Never mind the hypothesis, give me the data, and there aren’t any,” Jones told The Independent. “I could just as well argue that mutations have reduced our aggression, our depression and our penis length, but no journal would publish that. Why do they publish this?”
Crabtree does argue that no matter how deteriorated our intellectual abilities may have become over the millennia, advancements in technology will someday render these changes insignificant.
“I think we will know each of the millions of human mutations that can compromise our intellectual function and how each of these mutations interact with each other and other processes as well as environmental influences,” Crabtree said in the release. “At that time, we may be able to magically correct any mutation that has occurred in all cells of any organism at any developmental stage. Thus, the brutish process of natural selection will be unnecessary.”
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
Vulture capitalism killed Hostess, not unions.Hostess already STOLE the employee financed pension fund. Back in 2004, the said they were going to "borrow" the pension fund until the company returned to profitability, then declared bankruptcy a few months later, so the $3 per hour that each employee contributed for years, was "gone".
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That leaves the unions in one corner and the hedge funds and Hostess management in the other. Management ordered the company to stop contributing to the union pension funds, ignoring their obligations under collective bargaining agreements. They have demanded a new round of concessions, which would have doubled insurance premiums, negated all pension obligations, and slashed pay by 27 to 32 percent. Again, the 14-year Hostess bakery veteran: “Remember how I said I made $48,000 in 2005 and $34,000 last year? I would make $25,000 in five years if I took their offer. It will be hard to replace the job I had, but it will be easy to replace the job they were trying to give me.”
That's just as bad as the GM bankruptcy where the Delfi employees lost 40% of their pensions and bond holders lost money so the unions could get their money first.
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