The Fucking Unions Didn’t Kill Hostess, Bad Management Did, More Than Once

But you will never hear that from the MSM.

No, when Hostess went tits up finally, all the Very Serious People dutifully lined up and lied their asses off right to your fucking faces and  to a man swore that unions were the sole reason that Hostess had to close up shop.

For a typical example, George Fucking Will from the Washington Post;

Hostess, which had 18,500 employees making and distributing more than 30 brands made in 36 plants, had been in and out of bankruptcy several times since 2004. Its terminal crisis began Nov. 9, when thousands of members of the bakers union went out on strike to protest wage, health-care and pension cuts imposed by a court. The bakers objected to a 17 percent increase in their contribution for their health-care benefits.

That’s it, that is all he had to say factually.

Not a fucking word about the management voting themselves huge fucking pay raises right before they filed for bankruptcy or the outrageous bonuses they were getting.

Not one fucking word about that shit, it was all on the unions.

Now we find out that Hostess had been diverting union pension payments to use for day to day operations.

Hostess Brands acknowledged for the first time in a news report Monday that the company diverted workers’ pension money for other company uses.

The bankrupt baker told The Wall Street Journal that money taken out of workers’ paychecks, intended for their retirement funds, was used for company operations instead. Hostess, which was under different management at the time the diversions began in August 2011, said it does not know how much money it took.

“It’s not a good situation to have,” Hostess CEO Gregory Rayburn told the WSJ.

“Whatever the circumstances were, whatever those decisions were, I wasn’t there,” Rayburn added. As the founder and owner of Kobi Partners, a restructuring advisory firm, Rayburn was appointed acting CEO in March 2012.

Hostess Brands, which filed for bankruptcy for a second time in January, started liquidating its operations in November after the bakers’ union refused to take another pay cut and went on strike. The liquidation will leave about 18,000 workers without jobs.

In November, a judge approved Hostess’ plan to pay $1.8 million in bonuses to 19 executives, according to CNBC. Rayburn declined to take a bonus but also avoided a company-wide pay cut that he imposed, Hostess told HuffPost.

Boy those no good fucking union fellers must be some real mean motherfuckers to make them do that too.

Uh huh.

I smell a lawsuit and what is that word I am looking for, embezzlement?

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3 thoughts on “The Fucking Unions Didn’t Kill Hostess, Bad Management Did, More Than Once

  1. We need to do an “Iceland” on all these fat cat Mo Foes in our own country. It’s either that or wait for the pitchforks and pikes to come out…

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