No More Twinkies, But Hostess Execs Want Their Cake
The Kansas City Star
I just finished reading the story in our paper about the demise of Hostess foods, and I almost puked. Not because I’d just wolfed down my last stash of Twinkies. No, it was the final paragraph in the article, which quietly stated that “besides liquidation, Hostess has asked for permission to pay bonuses to some executives.”
Are you kidding me? They want a bonus?
Never mind that 18,500 Hostess workers, on Thanksgiving, are now out of work.
Never mind that these executives somehow managed to wreck a business that sells such iconic products as Wonder Bread, Ding-Dongs, and Twinkies, going bankrupt twice in ten years. How do you screw that up?
Seems pretty obvious: Why waste all that money keeping a company going when you can pocket the change and jump, leaving the rest of the crew to crash and burn.
But before you jump, be sure to blame it on the union workers. Those workers who were too greedy to swallow yet another pay cut, this time for eight percent. Or see their pension fund gutted, and their benefits slashed 17 percent. Or take these demands from a CEO who saw his own personal salary triple from $750,000 to roughly $2.5 million.
And then, just icing on the cake, announce that you plan to pay $1.75 million in executive bonuses.
We’ve seen this all before of course. The workers get to go home and tell their families they’ve lost their job and their livelihood, and the corporate suits head for the golf course.
It’s enough to make any honest person puke.
And the worst part is: there doesn’t seem to be anything we can do about it. If we’re lucky enough to still have a job that pays a decent wage, we’re going to keep our heads low and our mouths shut. Not that this will save us.
Do you think Congress or the White House is really going to help us out? With all the money pouring into their coffers from who knows where, those boys may hoot and holler but in the end they’ll sit tight and serve those who’ve bought their services. And if you don’t believe that, then maybe you better get back on the turnip truck.
For a while it was entertaining to watch those shaggy “Occupy Wall Street” kids, shaking their fists at corporate America and providing us with a little amusement on the news. But that’s all it amounted to, like most of the news anymore: entertainment.
On the other side you’ve got the Tea Party supporters, brandishing their swords and demanding free enterprise unfettered by government. In another world that might be a good idea, but apparently nobody’s told them that the corporate-political machine is playing them like puppets on a string. In the end, they’re nothing but bouncers for that top one percent.
Well I do have one idea, and in the past it’s proved pretty effective. I know a guy that raises chickens and he says he can come up with a bunch of feathers. Can anybody out there come up with some hot tar?