Community | December 12, 2012 | 128 comments

Twinkie CEO Admits Company Took Employees Pensions and Put It Toward Executive Pay

source: http://www.alternet.org/corporate-accountability-and-workplace/twinkie-ceo-admits-company-to...

http://www.alternet.org/corporate-accountability-and-workplace/twinki...

According to a report by the Wall Street Journal , Hostess’ CEO, Gregory Rayburn, essentially admitted that his company stole employee pension money and put it toward CEO and senior executive pay (aka “operations”). While this isn't technically illegal, it's another sleazy theft by Hostess executives - who've paid themselves handsomely while running their company into the ground. Just last month, a judge agreed to let Hostess executives suck another $1.8 million out of the bankrupt company to pay bonuses to CEOs.


(Wall Street Journal is hardly a "leftist" publication, I'm amazed they'd publish such a report! Sure rupert will throw a hissy about it! Head's will roll!)
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128 comments // Twinkie CEO Admits Company Took Employees Pensions and Put It Toward Executive Pay

  • MSII
  • johnnyTremaine
  • johnnyTremaine
  • johnnyTremaine
  • johnnyTremaine
    • 0
      johnnyTremaine  
    • Image
    • 2warsoffbooks:

      Robespierre's main ideal was to ensure the virtue and sovereignty of the people. He disapproved of any acts which could be seen as exposing the nation to counter-revolutionaries and traitors, and became increasingly fearful of the defeat of the Revolution. He instigated the Terror and the deaths of his peers as a measure of ensuring a Republic of Virtue; but his ideals went beyond the needs and wants of the people of France. He became a threat to what he had wanted to ensure and the result was his downfall.

      Ain't it ironic, power and mania, even from one with noble intent.

      http://en.wikipedia.org/wiki/Maximilien_de_Robespierre

    • 5 months ago
  • johnnyTremaine
    • +1
      johnnyTremaine  
    • Image
    • wolfess:

      The Reign of Terror was an abomination and Robespierre suffered a fitting end under his own dictates. We may invoke the Guillotine in jest, yet stripping the likes of Lloyd Blankfein and Jamie Dimon, etc of their wealth , status and freedom will suffice .

      We must never over reach the will of the people, or impose our personal wishes upon them, but observe and obey the common sense of appropriate, certain and swift justice.
      Even though Treason is punishable by death,

      Robespierre himself started out as an advocate for abolishing slavery and the death penalty, then started slaughtering his political enemies, falling victim to his own dictates when the winds shifted.We must not emulate these flaws of an otherwise patriotic iconic hero of the people. We must have hands free of blood and injustice, or risk becoming our own worst enemy..

      http://en.wikipedia.org/wiki/Maximilien_de_Robespierre

    • 5 months ago
  • johnnyTremaine
  • matka
    • +5
      matka  

    • Anyone in their right mind would not condone such imbecilic action. After
      liquidating, a bonus for the CEO's. And where's that comin' from.......as Cenk
      would say, "Say it with me, but of course ! The taxpayers !
      Hostess' day has come and gone the way of the cesspool........ who's gonna
      miss their shitfood? The consumers whos brains don't function correctly from malnutrion due to living on garbage.
      ~ ~ There's a lot to be said of the Age of Enlightment before it got
      vertigo. ~ ~

    • 5 months ago
  • MSII
    • +4
      MSII  
    • matka:

      "who's gonna
      miss their shitfood? The consumers whos brains don't function correctly from malnutrion due to living on garbage."

      Well and truly said! Couldn't agree more strongly!

    • 5 months ago
  • jimstoner
    • +5
      jimstoner  

    • Nothing but good conservative capitalism. If it had not be for the unions, the few at the top could have taken more for themselves and still said the unions were to blame.

      Tell me again. Who are the makers and who are the takers?

      If only Hostess had been in a "right to work" state none of this would have happened I guess.

    • 5 months ago
  • Incredulous
  • matka
  • johnnyTremaine
  • 2warsoffbooks
    • +4
      2warsoffbooks  
    • Incredulous:

      I read an archaeological report once of a dig at Boston's landfill. They were studying decomposition rates in modern landfills I suppose to get some comparative time span analysis based on degree of decompostion. When they reached the 20 year level of the land fill they found only two intact items: a hot dog and a TWINKIE.

    • 5 months ago
  • Des_Akkari
  • 2warsoffbooks
  • matka
    • +1
      matka  
    • Des_Akkari:

      The innards groan but duly process with Waste Management doing as best as could be expected. Read 'The Jungle' by Upton Sinclair and you'll never even wanna look at a
      ' hot dog' again.

    • 5 months ago
  • matka
  • matka
  • 2warsoffbooks
    • +2
      2warsoffbooks  
    • matka:

      I think the key word is "in tact." I am sure there were styro items but at least broken up in pieces. The Twinkie and hot dog were whole. I suspect the Twinkie must have been in a wrapper to survive.

    • 5 months ago
  • matka
  • gump
    • +1
      gump  
    • matka:

      The styro is everywhere. It kind of melts when contacted with solvents. The tiny bits that go down peoples throats can sometimes react with stomach acids and form into hard clinkers . Even attach to tissues. Don't chew on the cups.

    • 5 months ago
  • matka
    • 0
      matka  
    • gump:

      Ah..........I see. Like 'drink your medicine, don't bite the glass.' lol But this is
      good info. And all the packing 'popcorn' styro in landfills.........or in houses for that
      matter, from boxes received by mail order. Dogs have ingested them to no good end.

    • 5 months ago
  • MSII
    • +2
      MSII  
    • 2warsoffbooks:

      the so-called hot dogs are all chemical "preservatives", so yes the evolved cockroaches who will take over the world after humanity destroys itself will still be eating them a few millenia hence.

    • 5 months ago
  • matka
    • 0
      matka  
    • MSII:

      True, but with the chemical preservatives packaged neatly in 'skins', they would
      sweep all the blood, sawdust, chicken beaks, feet, and assorted slaughterhouse
      leftovers into a vat to make the 'dogs' to begin with. Ah -- now the roaches you
      mention to, yes, vile as they are, will still be with us as you put it, a million years
      in the future....lol.

      Rat droppings and an occasional rodent would also be swept into the vat for
      the manufacture of ballpark and picnic necessetities; the 'hot dog.'

    • 5 months ago
  • Vic_Romano
  • MSII
  • matka
    • +5
      matka  
    • MSII:

      Choo got it........thumbs down on the Culture Vulture. Wheeling over the land, hatching
      plans, and the judge(s) have blood on their hands.

    • 5 months ago
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