Originally Posted By: stlhead
"Hostess's plan to pay Mr. Driscoll $1.5 million in a yearly base salary plus millions more in additional awards—the full details of which Hostess didn't disclose—sparked the ire of a federal bankruptcy watchdog and one of the biggest unions in the case.

"They have amazing laws in this land that allow a company to file bankruptcy and give the CEO...such a lucrative contract while demanding deep, deep givebacks from its employees," Frank Hurt, the president of the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union, or BCTGM, said in an interview last month. "

This guy took the money and ran....typical. He's now sucking money out of Diamon Foods as it's CEO. Utter failure is still rewarding for the one percenters. The new "restructuring" CEO and Pres compensation isn't published. He's paid very well though as he was during the Worldcom "restructuring" and many others.

These are your rich bastards who don't trickle down and reduce not produce jobs. The Romney type.




The company was down $345 million last year... maybe you could divide this CEO's million dollar income up between the workers but it won't do anything to offset the losses. Maybe they would'nt need that caliber of a manager if they were'nt dealing with three separate unions and 18500 upset employees? Correction... 18500 UN-employees.





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In the legend of King Arthur, the Fisher King was a renowned angler whose errant ways caused him to be struck dumb in the presence of the sacred chalice. I am no great fisherman, and a steelhead is not the covenant of Christ, but with each of these fish I am rendered speechless.