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Will This Be Blamed On Sandy Too?

Tyler Durden's picture




 

Following yesterday's news that the Hostess mediation with its workers has collapsed, formalized earlier today, we get the next update which will likely make for a less than happy thankgsiving for a whole lot of former workers:

  • HOSTESS CEO SAYS MUST TERMINATE 15,000 EMPLOYEES TODAY

We wonder if this surge in initial claims reported next week will also be attributed to Sandy?

 

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Wed, 11/21/2012 - 14:05 | 3002573 stinkhammer
stinkhammer's picture

if they fire me today; i'm taking my red swingline with me!

Wed, 11/21/2012 - 14:11 | 3002588 slaughterer
slaughterer's picture

Memo

From: Hostess CEO

To: My 15,000 employees

Happy Thanksgiving.  You are all fired.

Management can collect bonus after we sell the last Twinkies machine.

(Cue: Market surge.  CNBC spin.  And Krugman OpEd seeing this as positive.)

 

 

Wed, 11/21/2012 - 14:13 | 3002607 MillionDollarBonus_
MillionDollarBonus_'s picture

If the executives of this company had taken a pay cut, the company would have been saved. I've done the math, and I calculate that executive pay was 30% of revenue. The unions had no responsibility at all. Only rich people have personal responsibility, not normal people like me.

Wed, 11/21/2012 - 14:19 | 3002617 EscapeKey
EscapeKey's picture

1/10.

I'm sorry, this is simply terrible trolling.

A simple google search would have told you that Hostess executive salaries were cut to $1 back in April.

http://www.bloomberg.com/video/90283695-big-number-hostess-slashes-execu...

You could at the very least have said "compensation package".

Wed, 11/21/2012 - 14:20 | 3002643 MillionDollarBonus_
MillionDollarBonus_'s picture

Ok smart Alec ... so you support rich successful executive bigshots over average Joe unions just trying to get a fair unconditional pension contribution? Trickle down economics doesn't work moron. 

Wed, 11/21/2012 - 14:24 | 3002656 camaro68ss
camaro68ss's picture

MDB, your brain is to small to understand free market Principles and wage price points set by those free markets.

Wed, 11/21/2012 - 15:43 | 3002975 eatthebanksters
eatthebanksters's picture

Folks, no one is as bent as MDB appears...he can't be real in his opines....it's all a big piss at the liberal estatblishment.  If he is for real then he must be in a different country and a relic of some communist regime where he got extra bacon as a kid for blowing the local party boss.

Wed, 11/21/2012 - 16:00 | 3003045 Badabing
Badabing's picture

Bullish for Drakes I like funny bones

Wed, 11/21/2012 - 14:23 | 3002662 slaughterer
slaughterer's picture

This is a fake MDB.  The name has a "_" after it.

Wed, 11/21/2012 - 14:28 | 3002685 ParkAveFlasher
ParkAveFlasher's picture

Fractal MDB, bitches!

Thu, 11/22/2012 - 08:21 | 3004205 GetZeeGold
GetZeeGold's picture

 

 

What a bitch!

Wed, 11/21/2012 - 14:28 | 3002690 Sauk Leader
Sauk Leader's picture

Good eye, it looks like Max Fisher stole MDB's identity.

Wed, 11/21/2012 - 14:33 | 3002714 resurger
resurger's picture

lol is he still alive?

Wed, 11/21/2012 - 16:08 | 3003076 Nobody For President
Nobody For President's picture

Agreed. The real MDB is much more subtle, and reels in the suckers by the bushel - one of the best trolls around and up to ZH standards. This fake is using a sledgehammer, instead of the real MDB's tackhammer. Or maybe it's the same dude trying different styles, in which case - go back to the tackhammer, much more entertaining.

Wed, 11/21/2012 - 14:31 | 3002700 fuu
fuu's picture

Both versions registered 1 year 19 weeks ago. The one with _ in front is only 19 weeks old.

Thu, 11/22/2012 - 01:29 | 3003992 A Nanny Moose
A Nanny Moose's picture

Rome burns. ZH is infested by MDB groupies. You can't make this shit up.

Wed, 11/21/2012 - 14:23 | 3002663 EscapeKey
EscapeKey's picture

0/10.

A good troll does not resort to name-calling this early in the debate.

Wed, 11/21/2012 - 14:38 | 3002739 bunnyswanson
bunnyswanson's picture

What the fuck are you talking about?  CEO compensation includes perks that by far make up for this $1.00 salary.  The multimillionaires now running monopolized industry have drained profits and cornered their markets during mergers and acquisitions (Bain Capital). 

Highest paid CEOs:

http://blogs-images.forbes.com/halahtouryalai/files/2012/06/top-and-bottom.gif

Wed, 11/21/2012 - 15:39 | 3002964 Joe Davola
Joe Davola's picture

The election's over, give up Bain already.  Read Tyler's article from a few days ago which adressed the multimillionaire D's who run the M&A firm involved in Hostess - as well as the looking 'out for the little guy' Dick Gephart's skim from the deals.

Wed, 11/21/2012 - 15:39 | 3002959 Metalredneck
Metalredneck's picture

When can I make a Hitler reference?  Before I post cat memes?

Mon, 12/10/2012 - 03:42 | 3048073 MeelionDollerBogus
MeelionDollerBogus's picture

You have to choose? What kind of troll are you?

Hitler Kitten Speaketh

Wed, 11/21/2012 - 14:24 | 3002669 akak
akak's picture

You're really off your game today, MDB (not that I appreciate your usual shtick anyway).

Wed, 11/21/2012 - 14:32 | 3002708 Let The Wurlitz...
Let The Wurlitzer Play's picture

Trickle down economics doesnt work well for lazy people but it is much better than "trickle down socialism".

 

Wed, 11/21/2012 - 14:59 | 3002829 AldousHuxley
AldousHuxley's picture

trickle down economics is socialism you idiot.

 

socialism for the bankers as they get the first dips into fed money.

first dips = inside trading

 

 

Wed, 11/21/2012 - 15:34 | 3002941 ZerOhead
ZerOhead's picture

http://en.wikipedia.org/wiki/Trickle-down_economics

Trickle down economics provides a veritable golden shower to the wage slaves below...

Thu, 11/22/2012 - 11:49 | 3004523 goldfish1
goldfish1's picture

"Today's wage slave is not much different than yesterday's. They are woken to go to work, they punch in and raise capital for their boss, they punch out and spend the little bit of money they earned, go to sleep to rest for the next day, and repeat until they retire or die. They are bound to their bosses by credit card debt, mortgages, and family welfare. In today's tough economic times, wage slaves are bound more than ever. They know if they quit or demand more from their employers they will be easily replaced."

Sun, 12/09/2012 - 15:41 | 3047202 MeelionDollerBogus
MeelionDollerBogus's picture

The trick is to have no debt, no mortgage & to plow all your extra money into safe investments like gold, silver & land you control completely - and emigrate if you must to do all this - all before having children. Then you can quit when you want, learn how to boss your bosses in a polite but business-sensible manner & keep established, safe & prepped up for disasters. Stored food, water, silver, gold, medicine & tools - that's how you do it.

Wed, 11/21/2012 - 16:42 | 3003174 Marc45
Marc45's picture

There's a reason that rich people make the rules.  They work much smarter that your "average joe" so they don't have to be at the mercy of a boss.

Why are you trying to penalize people who are smarter, more successful and make a lot more money than you?  Insecurity?

Sun, 12/09/2012 - 15:30 | 3047190 MeelionDollerBogus
MeelionDollerBogus's picture

Unions need to organize bigger strikes & be willing to retrain workers so they can outright quit certain industries to punish them permanently for underpayment - and not retrain their replacements EVER.

Wed, 11/21/2012 - 14:28 | 3002691 bunnyswanson
bunnyswanson's picture

As typical these days, there is far more to the story. 

 

"...Driscoll, the CEO, departed suddenly and without explanation in March. It may have been that the Teamsters no longer felt it could trust him. In early February, Hostess had asked the bankruptcy judge to approve a sweet new employment deal for Driscoll. Its terms guaranteed him a base annual salary of $1.5 million, plus cash incentives and “long-term incentive” compensation of up to $2 million. If Hostess liquidated or Driscoll were fired without cause, he’d still get severance pay of $1.95 million as long as he honored a noncompete agreement.

When the Teamsters saw the court motion, Ken Hall, the union’s secretary-treasurer and No. 2 man, was irate. So much, he thought, for what he described as Driscoll’s “happy talk” about “shared sacrifice.”

The board replaced Driscoll with Greg Rayburn, a restructuring expert Hostess had hired as a consultant only nine days earlier. Rayburn was a serial turnaround specialist who had worked with such high-profile distressed businesses as WorldCom, Muzak Holdings, and New York City Off-Track Betting. He became Hostess’s sixth CEO in a decade. Within a month of taking over, Rayburn had to preside over a public-relations fiasco. Some unsecured creditors had informed the court that last summer — as the company was crumbling — four top Hostess executives received raises of up to 80%. (Driscoll had also received a pay raise back then.) The Teamsters saw this as more management shenanigans. “Looting” is how Hall described it in TV interviews.

Rayburn announced that the pay of the four top executives would go down to $1 for the year, but that their full salaries would be reinstated no later than Jan. 1. Hostess pays Rayburn $125,000 a month, according to court filings.

 

Here’s the union’s take:

Over the past eight years since the first Hostess bankruptcy, BCTGM members have watched as money from previous concessions that was supposed to go towards capital investment, product development, plant improvement and new equipment, was squandered in executive bonuses, payouts to Wall Street investors and payments to high-priced attorneys and consultants.

BCTGM members are well aware that as the company was preparing to file for bankruptcy earlier this year, the then CEO of Hostess was awarded a 300 percent raise (from approximately $750,000 to $2,550,000) and at least nine other top executives of the company received massive pay raises. One such executive received a pay increase from $500,000 to $900,000 and another received one taking his salary from $375,000 to $656,256.

Over the past 15 months, Hostess workers have seen the company unilaterally end contractually-obligated payments to their pension plan. Despite saving more than $160 million with this action, the company continues to fall deeper and deeper into debt. A mountain of debt and gross mismanagement by a string of failed CEO’s with no true experience in the wholesale baking business have left this company unable to compete or survive.

 

http://americablog.com/2012/11/hostess-twinkie-ceo-salary.html

Wed, 11/21/2012 - 18:09 | 3003389 dark pools of soros
dark pools of soros's picture

the crowd here doesn't care about worker contracts.. they only like ZH since they hate bigger snakes then themselves

Wed, 11/21/2012 - 14:17 | 3002619 camaro68ss
camaro68ss's picture

go to china you F***ing commie. Stop poisoning my country with the filth that’s spewing out of your mouth.

Wed, 11/21/2012 - 14:18 | 3002638 economics9698
economics9698's picture

Sometimes MDB is not funny.  I think the 30% was a attempt at humor.

Wed, 11/21/2012 - 14:19 | 3002642 massbytes
massbytes's picture

Hostess revenue was around 2.5-2.7 billion.  I doubt what you are saying is true.  But don't let that stop you from a good story.

Wed, 11/21/2012 - 15:07 | 3002852 q99x2
q99x2's picture

Wait until Obamacare comes in full tilt and the workers get sent back to the stone age via layoffs. The Obamaphones are going to be ringing off the hook then. This ain't nothing. Although it shouldn't be too bad if you are in one of the states that opted out.

Wed, 11/21/2012 - 15:49 | 3003001 eatthebanksters
Wed, 11/21/2012 - 15:51 | 3003004 Joe Davola
Joe Davola's picture

Even though there is the opt out clause in that Obamination, watch out for that Supremacy Clause lurking just around the corner.

Wed, 11/21/2012 - 15:33 | 3002939 Navymugsy
Navymugsy's picture

Fake trolls? This is inexcuseable!

Thu, 11/22/2012 - 11:40 | 3004506 Ctrl_P
Ctrl_P's picture

Running with the theme today...

 

This is inconceivable!

 

There, fixed.

Wed, 11/21/2012 - 15:40 | 3002965 eatthebanksters
eatthebanksters's picture

MDB...love the humor!

Wed, 11/21/2012 - 23:10 | 3003859 Bansters-in-my-...
Bansters-in-my- feces's picture

Pssstt...MDB...

Just for the record ,you,are not normal.

Wed, 11/21/2012 - 14:32 | 3002704 slaughterer
slaughterer's picture

Hostess goes Galt.  

Wed, 11/21/2012 - 15:46 | 3002986 eatthebanksters
eatthebanksters's picture

Where is John Galt?

Wed, 11/21/2012 - 14:48 | 3002783 Magnix
Magnix's picture

I thought it was 18.5K employees?

Wed, 11/21/2012 - 14:09 | 3002591 economics9698
economics9698's picture

It's Herbert Hoover's fault.

Wed, 11/21/2012 - 14:25 | 3002672 CrockettAlmanac.com
CrockettAlmanac.com's picture

 

 

Hoover's role as founder of a revolutionary program of government planning to combat depression has been unjustly neglected by historians. Franklin D. Roosevelt, in large part, merely elaborated the policies laid down by his predecessor. To scoff at Hoover's tragic failure to cure the depression as a typical example of laissez-faire is drastically to misread the historical record. The Hoover rout must be set down as a failure of government planning and not of the free market. To portray the interventionist efforts of the Hoover administration to cure the depression, we may quote Hoover's own summary of his program, during his presidential campaign in the fall of 1932:

 


"We might have done nothing. That would have been utter ruin. Instead we met the situation with proposals to private business and to Congress of the most gigantic program of economic defense and counterattack ever evolved in the history of the Republic. We put it into action.... No government in Washington has hitherto considered that it held so broad a responsibility for leadership in such times.... For the first time in the history of depression, dividends, profits, and the cost of living, have been reduced before wages have suffered.... They were maintained until the cost of living had decreased and the profits had practically vanished. They are now the highest real wages in the world."


 

http://www.lewrockwell.com/rothbard/rothbard184.html

Wed, 11/21/2012 - 17:08 | 3003258 KCMLO
KCMLO's picture

Well we don't call it the Roosevelt Dam now do we?

Thu, 11/22/2012 - 01:35 | 3004000 A Nanny Moose
A Nanny Moose's picture

Ding ding ding!!! We have a winner, boys, girls, and MDB.

Wed, 11/21/2012 - 14:14 | 3002612 Stoploss
Stoploss's picture

Let's hope the union workers are savers.. LOL..

So, how is the " you don't need the employers, they need you!!", union theme working out?

Wed, 11/21/2012 - 14:33 | 3002710 Manthong
Manthong's picture

 There is an upside in this story.

15,000 or so monthly union extortion dues payments down the tubes.

It’s just a shame that the union bosses are all still collecting their outrageous pay and benefits.

 

 

Wed, 11/21/2012 - 14:51 | 3002803 Tortfeasor
Tortfeasor's picture

So much to be thankful for.

Fri, 11/23/2012 - 17:46 | 3007388 TruthHunter
TruthHunter's picture

Let's hope the union workers are savers.. LOL..

 

Expect a 20k spike in foreclosures in about 3 months.

Wed, 11/21/2012 - 14:06 | 3002575 vinayjha
Wed, 11/21/2012 - 14:07 | 3002579 Skateboarder
Skateboarder's picture

Bonuses for management, pink slips for the workers. Nothing new here?

Horrible Thanksgiving for those poor folks though. :(

Wed, 11/21/2012 - 14:14 | 3002601 camaro68ss
camaro68ss's picture

truck drivers making 125k arnt poor folks.

(no that there fired they will be)

 glad the union really stuck to there guns on this one. really showed there for there people. hahaha

hostess is a privet company. they can pay managment all the profits they want.

Wed, 11/21/2012 - 14:16 | 3002626 ITrustMyGut
ITrustMyGut's picture

were you born this self destructively stupid.. or did you transform a modestly intelligent brain into mush force feeding yourself limpdick and beck?

Wed, 11/21/2012 - 14:20 | 3002644 camaro68ss
camaro68ss's picture

you must be a union rep.

get back to work knuckle dragger.

Wed, 11/21/2012 - 14:29 | 3002689 CrockettAlmanac.com
CrockettAlmanac.com's picture

Astroturf is union "work."

Wed, 11/21/2012 - 15:50 | 3003002 ITrustMyGut
ITrustMyGut's picture

hers a clue...  YOU are labor... and have not a chance in hell to ever be anything but labor...

Thu, 11/22/2012 - 01:36 | 3004005 A Nanny Moose
A Nanny Moose's picture

Will you be adding value to the conversation anytime soon?

Wed, 11/21/2012 - 14:21 | 3002646 akak
akak's picture

The precision and elocution of your exquisitely grammatical erudition simply overwhelms me.

Wed, 11/21/2012 - 14:29 | 3002693 CrockettAlmanac.com
CrockettAlmanac.com's picture

Indubitably.

Wed, 11/21/2012 - 15:30 | 3002928 Dugald
Dugald's picture

Coo'errr Wot e say?

Wed, 11/21/2012 - 16:47 | 3003188 Grifter
Thu, 11/22/2012 - 01:37 | 3004007 A Nanny Moose
A Nanny Moose's picture

Can I get a side of fries with that?

Wed, 11/21/2012 - 15:36 | 3002953 nodhannum
nodhannum's picture

So pray tell, why doesn't the union buy the company and live in nirvana forever after?

Wed, 11/21/2012 - 14:07 | 3002580 RacerX
RacerX's picture

Does the severance package include a sampler pack of twinkies, etc?

Wed, 11/21/2012 - 14:14 | 3002611 Big Corked Boots
Big Corked Boots's picture

All U can eat!

Wed, 11/21/2012 - 15:13 | 3002875 DeadFred
DeadFred's picture

Caution: the LD50 for Twinkies is 3.72/ day.

Wed, 11/21/2012 - 14:08 | 3002582 EscapeKey
EscapeKey's picture

Strongly bullish - that's 15,000 people who will sit at home and eat twinkies all day. Oh wait a mi

Wed, 11/21/2012 - 15:16 | 3002884 fuu
fuu's picture

They will now qualify for 99 weeks funemployment, SNAP, WIC, O-Phones, and other assorted services. Gotta be bullish.

Wed, 11/21/2012 - 14:08 | 3002586 ParkAveFlasher
ParkAveFlasher's picture

This is what happens when you warehouse Twinkies alongside DTCC records.

Wed, 11/21/2012 - 14:08 | 3002587 HD
HD's picture

My twinkie is soggy...

Wed, 11/21/2012 - 14:14 | 3002613 ptoemmes
ptoemmes's picture

Yeah, don't eat any Twinkies (or any other Hostess shit) dated on or after, say, Nov 14 2012 cause, you know, there might just be some Hostess shit in them.

Wed, 11/21/2012 - 14:12 | 3002603 strangeglove
strangeglove's picture

Fried Twinky FIRE!

Wed, 11/21/2012 - 14:13 | 3002606 Richard Head
Richard Head's picture

Blame it all on "The Big Hurt", Frank Hurt that is!

Wed, 11/21/2012 - 14:13 | 3002609 piceridu
piceridu's picture

We wonder if this surge in initial claims reported next week will also be attributed to Sandy?

No it will be attributed to her really naughty sister Hoho
Wed, 11/21/2012 - 14:14 | 3002610 Dr. Engali
Dr. Engali's picture

Have a happy fucking Thanksgiving. Forget about the turkey feel free to gab some reject twinkies on the way out the door.

Wed, 11/21/2012 - 14:16 | 3002624 Cognitive Dissonance
Cognitive Dissonance's picture

".....reject twinkies..."

Is that an oxymoron?  :)

Wed, 11/21/2012 - 14:36 | 3002728 Dr. Engali
Dr. Engali's picture

You caught that huh? ;->

Wed, 11/21/2012 - 14:15 | 3002615 yogibear
yogibear's picture

It's Bush's fault! (sarc)

Wed, 11/21/2012 - 14:15 | 3002620 lizzy36
lizzy36's picture

Horrible way for 15,000 to start thanksgiving.

Wed, 11/21/2012 - 14:17 | 3002629 Cognitive Dissonance
Cognitive Dissonance's picture

Good news. It wasn't just before Christmas.

/sarc

Wed, 11/21/2012 - 14:38 | 3002738 gmrpeabody
gmrpeabody's picture

I was asked to fire a young assistant once, after close on Christmas Eve. I refused and was subsequently fired along with that young assistant. I had a good Christmas anyway!

Wed, 11/21/2012 - 14:49 | 3002787 RopeADope
RopeADope's picture

We always made it a policy to do layoffs well after the holidays. Nothing worse to someone that telling them their income has stopped right after they spent their annual savings on worthless consumer junk. But then we also paid employees out of our own personal savings when times were rough if we knew orders would pick up shortly.

 

Makes you wonder where the U.S.A went and moved to...

 

 

Wed, 11/21/2012 - 15:13 | 3002876 Trimmed Hedge
Trimmed Hedge's picture

Nothing wrong with November lay-offs

At least that way, the affected won't buy a ton of Christmas crap

 

Right before (Dec) or right after (Jan) is kinda douchey...

Wed, 11/21/2012 - 15:15 | 3002881 Trimmed Hedge
Trimmed Hedge's picture

Jewish boss?

Wed, 11/21/2012 - 16:49 | 3003196 gmrpeabody
gmrpeabody's picture

He was Greek, actually. He loved himself very much.

Wed, 11/21/2012 - 16:17 | 3003101 ElvisDog
ElvisDog's picture

Hostess liquidation scorecard:

Winners: Hostess senior management, Union reps

Losers: Worker bees.

Wed, 11/21/2012 - 14:16 | 3002622 Pants McPants
Pants McPants's picture

So...a parasite cannot live after the Host(ess) dies?

Wed, 11/21/2012 - 14:53 | 3002815 FuzzyDunlop21
FuzzyDunlop21's picture

I like this

Wed, 11/21/2012 - 14:59 | 3002830 Buzz Fuzzel
Buzz Fuzzel's picture

Except when the central planners execute a "managed bankruptcy" and attach the parasite to the tax payers.  In that case the parasite survives till the entire system colapses which is likely soon.

Wed, 11/21/2012 - 15:12 | 3002873 WillyGroper
WillyGroper's picture

There's a shred of hope.

Wed, 11/21/2012 - 14:16 | 3002623 blunderdog
blunderdog's picture

I realize those folks don't have jobs anymore, but isn't killing them going a bit far?

Wed, 11/21/2012 - 14:18 | 3002632 Sofa King
Sofa King's picture

No Shit...but at least we can call Myanmar, Burma again.

 

Wed, 11/21/2012 - 14:33 | 3002709 CrockettAlmanac.com
CrockettAlmanac.com's picture

 

 

"Burma!"

"Why'd you say 'Burma?'"

"I panicked."

 

http://www.youtube.com/watch?v=1k1ccguXiws

Wed, 11/21/2012 - 14:17 | 3002633 papaswamp
papaswamp's picture

Recipes to be purchased by China....good bye jobs.

Wed, 11/21/2012 - 14:19 | 3002637 I Am Not a Copp...
I Am Not a Copper Top's picture

Just when I thought I could get a job filling twinkies...

Wed, 11/21/2012 - 14:24 | 3002652 akak
akak's picture

Too late --- Bawney Fwank and several thousand Catholic priests already claimed all available such positions years ago.

Wed, 11/21/2012 - 14:20 | 3002647 yogibear
yogibear's picture

The union taught Hostess a lesson. To unlatch a union you go out of business.

Public workers are the last refuge for the radical unions.

Wed, 11/21/2012 - 14:22 | 3002657 Zap Powerz
Zap Powerz's picture

I no longer believe anything the government tells me.

Wed, 11/21/2012 - 14:22 | 3002658 monopoly
monopoly's picture

A truck driver making $125,000.00 delivering crap that kills. You are joking are you not?

Wed, 11/21/2012 - 15:15 | 3002880 WillyGroper
WillyGroper's picture

I'll believe they made $125K when I read their contract book. Union wages are normally scaled to the cost of living in the geographic location. East & west cost make much more than the MW. There's no way in west hell that a local delivery person, teamsters or not, made that kind of money. 

Wed, 11/21/2012 - 14:24 | 3002667 the not so migh...
the not so mighty maximiza's picture

Happy Holiday fuckers

 

Wed, 11/21/2012 - 14:25 | 3002671 Seasmoke
Seasmoke's picture

That gives new meaning to Thanksgiving stuffing in your Twinkies

Wed, 11/21/2012 - 14:26 | 3002679 Seasmoke
Seasmoke's picture

Cant ever think of a better day to fire union thugs than today !!!........EXCEPT YESTERDAY !!!!!!!!!!!!!

Wed, 11/21/2012 - 14:29 | 3002695 Northeaster
Northeaster's picture

Citi just announced 31 branch closings. Unfortunately the TRILLIONS Citi got through the front and backdoor will never be recouped. However, much like status quo, they pay well for legal fraud and corruption:

http://www.opensecrets.org/orgs/summary.php?id=D000000071

Wed, 11/21/2012 - 14:30 | 3002697 Debeachesand Je...
Debeachesand Jerseyshores's picture

Good bye Twinkies,Michelle will be so happy this Thanksgiving knowing that another unhealthy snack has bit the dust.

Mayor Bloomburg must be happy as shit too.

Wed, 11/21/2012 - 14:31 | 3002698 resurger
resurger's picture

WHY DONT HE FIRE HIMSELF FIRST!

Cocksucker!

Sorry for caps, but this is Bullshit!

Wed, 11/21/2012 - 14:30 | 3002699 FatFingered
FatFingered's picture

Op, Op, Op, Oppa Bammacare!

Wed, 11/21/2012 - 14:32 | 3002703 Lost Wages
Lost Wages's picture

The only way this could be more painful is if Hostess made something in the shape of a turkey.

Wed, 11/21/2012 - 14:43 | 3002761 HardlyZero
HardlyZero's picture

Or a delicious pie in the shape of Hurricane Sandy...call it the "Sandy" pie or cake.

Wed, 11/21/2012 - 14:40 | 3002747 Buzz Fuzzel
Buzz Fuzzel's picture

Nothing to worry about.  The Dear Leader and his gang of central planners will step it to "save" these jobs by violating property law, securities law and the conscience of any fair minded judges who might be remaining in our bankruptcy court system.

Wed, 11/21/2012 - 14:43 | 3002763 GOSPLAN HERO
GOSPLAN HERO's picture

Hostess will soon become the first USSA state owned bakery.

FORWARD, comrades!

Wed, 11/21/2012 - 14:49 | 3002791 rogerthat
rogerthat's picture

Now that 5,000+ are out of a job from Frank Hurt's union, I wonder if he will be taking a pay cut anytime soon?

2011 PRESIDENT   $262,654.00

http://www.unionfacts.com/employee/Bakery%2C_Confectionary%2C_Tobacco_Wo...

Seems someone was a little paycheck envy......

Wed, 11/21/2012 - 14:51 | 3002800 Buzz Fuzzel
Buzz Fuzzel's picture

Why are workers entitled to a job when the employer is not entitled to customers?  If the owner can change suppliers to his business process when somone offers him a better item at a better price why is he not allowed to change his workers?  Labor unions have long since outlived their productive usefulness.  They are now more destructive to their own employment prospects than the greediest of business owners.

Wed, 11/21/2012 - 15:00 | 3002826 kralizec
kralizec's picture

Sandy is one angry bitch, must have been on Obama's payroll, all is going according to plan.

Wed, 11/21/2012 - 15:13 | 3002837 Count de Money
Count de Money's picture

Apparently, Hostess was caught in the middle of an inter-union pissing contest. WSJ explains:

http://online.wsj.com/article/SB1000142412788732435200457813091215051261...

Money quote:

"As the bakers rightly saw it, they were being asked once more to prop up Teamster jobs that would likely guarantee that any Hostess resurrection would be short-lived."

Wed, 11/21/2012 - 16:31 | 3003136 quasimodo
quasimodo's picture

As the "bakers" saw it.

LMAO right there. Bakers? Does me popping a hot pocket in the microwave make ME a baker? Pushing some fucking buttons after the nasty ass shit is ready for the oven on the automated line makes them bakers?

Good grief

 

Wed, 11/21/2012 - 15:07 | 3002851 CoolBeans
CoolBeans's picture

TEAM TWINKIE!

I am very sorry that the worker-pawns and their families will have to start the Thanksgiving holiday sans jobs.  Unions...once served an honorable purpose...now, not so much.

 

Wed, 11/21/2012 - 15:09 | 3002863 Irene
Irene's picture

So, where's Obama's famous Labor Relations Board when you need them, eh?

Wed, 11/21/2012 - 15:21 | 3002900 earleflorida
earleflorida's picture

were sorry:

we're sorry we can't help you with a mortgage modification,

we're sorry we can't lower your utility bills,... electric, heating, water, and sewage,

we're sorry we can't lower your property taxes, state, and municipal,

we're sorry that our/your payroll taxes will be increasing... so think of the firing as a favor?,

we're sorry that your next employer will be unemployment or social security,

but, if you relocate south of the border, or even north... i'm sure there will be plenty of low rising dough to be made at half your extinct current wage benefit package!,

we're sorry

*[ insert other thought here,...     ]

the hostess management and mr. twinkie thankyou

sorry!? 

Wed, 11/21/2012 - 15:30 | 3002930 jmcadg
jmcadg's picture

I actually gave MDB a greenie! Am I fuckin' insane???

Wed, 11/21/2012 - 15:34 | 3002948 Schmuck Raker
Schmuck Raker's picture

There is nothing worse than a Sandy Twinkie.

 

Happy Turkey Day Y'all

Wed, 11/21/2012 - 15:41 | 3002968 nodhannum
nodhannum's picture

Yes there is something worse...a sandy muff!

Wed, 11/21/2012 - 15:35 | 3002949 Navymugsy
Navymugsy's picture

Your twinkie's stuffing isn't as strong after 40...

Wed, 11/21/2012 - 15:46 | 3002982 akak
akak's picture

That's OK --- neither is the Ding-Dong.

Wed, 11/21/2012 - 15:46 | 3002989 youngman
youngman's picture

One they had a declining market share....two their costs were going up....so to keep in business they had to make a choice....labor cost were to high....can´t cut the ingredients cost...can´t cut fixed costs...real estate...energy..taxes...labor had to move...they didn´t...they thought the new owners would take their contracts....NOT....so the equipment gets sold...and so does the real estate....probably to Bimbo and it gets moved to Mexico I bet....where it will be back in production in no time...see ya Unions...and no I do not shed a tear for stupid people...making a TWINKIE does not require a $100,000 year job.....now they know

Wed, 11/21/2012 - 17:01 | 3003237 edifice
edifice's picture

And Bimbo will produce a better product, for 10% the cost.

Wed, 11/21/2012 - 16:11 | 3003025 JSD
JSD's picture

Union Member:  We thank you for your membership and continued support throughout the negotiations. We realize that this will be a trying holiday season for you for you and your family.  Rest assured we will be thinking of you.  

 

Please make your donation payable to The Bakery, Confectionary, Tobacco Workers and Grain Millers International Union.  Thanks for your continued loyalty.

 

P.S.

You NEVER go FULL RETARD.

 

 

Wed, 11/21/2012 - 16:12 | 3003069 edifice
edifice's picture

Memo
From: Hostess CEO
To: Ex-Hostess Employees

Suck it in and cope, buddy... Suck it in and cope...

Wed, 11/21/2012 - 16:28 | 3003124 quasimodo
quasimodo's picture

Terminated JIT for Thanksgiving.

Gobble....Gobble

 

Wed, 11/21/2012 - 17:51 | 3003360 Translator
Translator's picture

HOSTESS is Bush's fault, since it happened on Obama's watch............

Wed, 11/21/2012 - 21:01 | 3003684 Never One Roach
Never One Roach's picture

Hostess is not GM.

Wed, 11/21/2012 - 22:36 | 3003818 orangegeek
orangegeek's picture

Perhaps one of the most interesting words
in the English language today, is the word FUCK.

Out of all of the English words which begin with the letter F, FUCK is the only word referred to as the "F" word, it's the one magical word.
FUCK as most words in the english language, is derived from German, the word "fricken[?]", which means to strike.

In English, FUCK falls into many grammatical categories.

As a transitive verb, for instance.
John FUCK-ed Shirley.
As an intransitive verb, Shirley FUCKS.
It's meaning's not always sexual;
it can be used as an adjective, such as
John's doing all the FUCK-ing work.
As part of an adverb,
Shirley talks too FUCK-ing much.
As an adverb enhancing an adjective,
Shirley is FUCK-ing beautiful.
As a noun, I don't give a FUCK.
As part of a word abso-FUCKING-lutely,
or in-FUCKING-credible.
And, as almost every word in the sentence,
FUCK the FUCK-ing FUCK-ers.

As you must realize,
there aren't too many words
with the versatility of FUCK.
As in these examples describing situations
such as fraud,
I got FUCK-ed at the used car lot.
Dismay, Aw FUCK it.
Trouble, I guess I'm really FUCK-ed now.
Agression, Don't FUCK with me buddy.
Difficulty, I don't understand this FUCK-ing question.
Inquiry, Who the FUCK was that?
Dissatisfaction, I don't like what the FUCK is going on here.
Incompetence, He's a FUCK-off.
Dismissal, Why don't you go outside and play hide-and-go-FUCK yourself?

I'm sure you can think of many more examples.
With all these multi purpose applications,
how can anyone be offended when you use the word?
We say, use this unique, flexible word more often in your daily speech.
It will identify the quality of your character immediately.
Say it loudly, and proudly!
FUCK you!

Thu, 11/22/2012 - 07:09 | 3004171 giggler123
giggler123's picture

It's because of a Twinkie, 35feet long, weighing approximately 600lbs.

 

www.youtube.com/watch?v=pzaQjS1JstY

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