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Rich you want to live forever? Better to reign in Hell, than serve in Heaven. (Milton)
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The employees voted to stay out on strike KNOWING their jobs would be forfeit. The "owners" were vulture private-equity funds. Financial rapists, who had apparently already forced major working condition, benefit, pension and wage concessions from their employees previously by threatening to take the company into bankruptcy, firing everyone and selling out if the employees didn't bend the knee. The employees capitulated but management still took the company into bankruptcy again anyway. (Also, according to a management-hired consultant, the proposed cuts to the employees compensation wouldn't have saved the company and he also pointed out that company executive compensation would not have been adversely impacted by the proposed cuts.) The vultures and management were ramming a bankruptcy court-ordered 27 to 32 percent combined wage and benefit reduction down the workers throats. Those were their own jobs to sacrifice! The employees just went all-in and called instead of folding like the good little serfs management expected. It was the workers' right to shove their proverbial finger up the company. I think you might do it too if your employer walked in and said 'you're going to take a 27 percent or more compensation cut. You don't like it? Well tough ! We got the judge to go along with it. We have voided your contract.'I'd say that, like Samson, the employees were entitled to bring these financial Philistines' gilded temple down upon their heads, after all it had been the employees' workplace in the first place. Americans bend no knees to kings, financial nor otherwise. It is high time Main Street got its guts (and other parts) back and reminds Wall Street of that fine old tradition. (Oh, and don't worry. Your sweet tooth won't go a-wanting. One of the other industrial bakers, Entenmann's owner, Bimbo Bakeries USA has already been mentioned, will buy the rights to the Hostess Brands and recipes. The Ho Hos, Twinkies and Ding Dongs will probably be back on grocery shelves in a year of two. Wonder Bread will rise again.) |
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Monterey Bay California
Joined Feb 2004
12,354 Posts
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bellingham, wa
Joined May 2006
4,140 Posts
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It is a sad day for a peice of Americana has died for now. the stores shelves went empty really fast. I managed to buy the last of the visable berry pies they had at my favorite grocery. I can understand both sides and the decisions each made. The bottom line became when you have to charge 4 times the price for some thing that is comparable, people will usally take the less exspensive route when pocket book is lite. Greed on both sides are to blame and I feel sorry for those that it effected that were not part of the strike: suppliers, middle people, distributors, sales people, office staff.......
My imagination when the news came through was to picture Will farrels charater from "OLD SCHOOL" standing at the grave of old mblue, but this time replacing it with Twinkie or Ding Dong singing "dust in the wind" and finish with sayiny " Your my snack Twinkie, i love you!!" |
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