Evil Semp wrote:Phatscotty wrote:so your main hang up was that the CEO only made 1$ until december 31st? I'm not sure how fair it is, but I am sure it's a start.
NO scotty that is not my hang up. My hang up is how long will the employees have to endure the pay cuts, increase in health insurance payments and decrease in the pension contributions. Rayburn has other income to make up for his pay cut the employees don't.
I don't know. Hopefully they would negotiate some kind of short term plan where if it works they will get some or all of their paycut back. And on health insurance....everyone's insurance is going up, so they should probably do what the rest of us have to do. I'm unaware of pension decreases (other than the straight loss of pension/plug pulled on their pension when Hostess goes belly up). What are the pension decreases?
I'm sure Rayburn does have other income. That does not change that he sacrificed hundreds of thousands of dollars that Hostess did not have to pay him and likewise allowed Hostess to remain functional for a while longer. You can't take that away from him. If you have to minimize it, fine. It also doesn't change what the employees did, which is nothing. They could have maybe took the 5% paycut, until Decembr 31st? That would buy more time
When I was in the union, I believed in the team concept. Everyone has to have some skin in the game, because everyone has skin in the outcome IE unemployed