Pages

Jump to bottom

3 comments

1 sauceruney  Fri, Nov 23, 2012 7:46:26am

the ruling class never accepts blame, even when walked off in shackles to their country-club prisons

2 Lidane  Fri, Nov 23, 2012 8:35:08am
Hostess’s failure was compounded by having six CEO’s in 8 years who had no experience in the bread or cake baking industry

No, their failure was CAUSED BY having six CEO's in 8 years with no experience in the bread or cake baking industry.

Upper management and CEO's in particular set the tone and direction for the rest of the company. Their vision is what helps to drive the decisions that are made and the way that a company navigates the waters. Hostess was a multi-billion dollar a year juggernaut in sales, but with that kind of chaos at the very top, a lot of shitty decisions were going to be made.

I don't buy for a second that it was the union workers to blame for any of this. You don't go through that many CEO's in that short of a time without there being some serious incompetence and mismanagement at the top.

3 KingKenrod  Sat, Nov 24, 2012 7:17:36pm
Hostess’s failure was compounded by having six CEO’s in 8 years who had no experience in the bread or cake baking industry, and despite their financial woes, the company’s CEO got a 300% salary increase from $750,000 to $2,250,000, and other top executives received raises worth hundreds-of-thousands of dollars; all while the company was struggling.

Isn't that kind of a contradiction - you want a talented CEO with baking industry experience to lead your company out of bankruptcy, but only want to pay him/her $750,000 to start?

If Driscoll had been able to turn Hostess around, he would have easily been worth $2.25 million - the average compensation for a CEO in 2011 was $9.4 million. You're simply not going to be able to hire an experienced CEO talented enough to do this incredibly difficult job for $750,000. BTW after Driscoll left Hostess he was hired by Diamond Foods and (with incentives) he will be making a whole lot more than $2.25 million.


This page has been archived.
Comments are closed.

Jump to top

Create a PageThis is the LGF Pages posting bookmarklet. To use it, drag this button to your browser's bookmark bar, and title it 'LGF Pages' (or whatever you like). Then browse to a site you want to post, select some text on the page to use for a quote, click the bookmarklet, and the Pages posting window will appear with the title, text, and any embedded video or audio files already filled in, ready to go.
Or... you can just click this button to open the Pages posting window right away.
Last updated: 2016-01-01 10:29 am PST
LGF User's Guide RSS Feeds Tweet

Help support Little Green Footballs!

Subscribe now for ad-free access!Register and sign in to a free LGF account before subscribing, and your ad-free access will be automatically enabled.

Recent PagesClick to refresh
Green Day - Still Breathing (Official Lyric Video)punk -- so unhip, only dirty ol' codgers listen to it now... and punk pop? That's the lowest of the low, but I like this anyhow - cause I am still breathing. "Still Breathing" From the upcoming new Green Day ...
Thanos
7 hours, 7 minutes ago
Views: 79 • Comments: 0 • Rating: 0
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
Trampled by Turtles Covers Yes: ‘Owner of a Lonely Heart’ Trampled By Turtles are Undercover vets, having wowed us a couple of years back with an acoustic Arcade Fire cover. This time out, the Duluth, Minnesota band took the challenge of one of this year’s toughest songs, Yes’ 1983 ...
Thanos
7 hours, 30 minutes ago
Views: 71 • Comments: 0 • Rating: 0
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
Barenaked Ladies Cover Phil Collins’ ‘In the Air Tonight’ Barenaked Ladies may have set the record for best-attended Undercover session when they stopped in Chicago this June. Following tour mate Colin Hay and his well-received performance of “She’s My Best Friend,” the Canadian quartet drew what appeared to ...
Thanos
7 hours, 32 minutes ago
Views: 116 • Comments: 0 • Rating: 0
Tweets: 1 • Share to Facebook
Shares: 0
Comments: 0
: 0
Missouri’s Public-Health Enemy No. 1: A Gun in Every Pocket The day after the Yik Yak threat, a black undergraduate stopped by my husband’s office to say that she was interrupting her education and going home. Her parents thought she’d be safer there. She had spent the night, she ...
Thanos
17 hours, 54 minutes ago
Views: 205 • Comments: 0 • Rating: 0
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
4 Shot Dead in Mall Near Seattle; Shooter Remains at Large SEATTLE — Five people were shot — four fatally — Friday night in the Cascade Mall in Burlington, and officers fanned out searching for the shooter, according to the Washington State Patrol. The four dead are all female, State ...
Thanos
21 hours, 36 minutes ago
Views: 142 • Comments: 0 • Rating: 0
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
Jimmy Webb & Linda Ronstadt the MOON’S a HARSH MISTRESS Jimmy Webb does three songs at the 1988 "Salute to the American Songwriter" at the Wiltern Theatre in Los Angeles. Created and produced for the National Academy of Songwriters by Dean Pitchford, Kevin Odegard, Dene Hofheinz Anton and Tisha ...
Thanos
1 day, 8 hours ago
Views: 315 • Comments: 1 • Rating: 2
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
Mirrors Stay connected with the campaign.Subscribe on YouTube ► hrc.ioLike us on Facebook ► hrc.ioFollow us on Twitter ► hrc.ioFollow us on Instagram ► hrc.ioPin with us on Pinterest ► hrc.io ABOUT HILLARY CLINTONHillary Clinton has served as Secretary of ...
Thanos
1 day, 14 hours ago
Views: 140 • Comments: 0 • Rating: 1
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
Coming in 2017 From Ridley Scott - Taboo TrailerThis is causing a bit of controversy in the UK with it's adversarial position to the excesses of the EIC.
Thanos
1 day, 15 hours ago
Views: 279 • Comments: 0 • Rating: 1
Tweets: 1 • Share to Facebook
Shares: 0
Comments: 0
: 0
He Supported Bombing Syria a Little Too Eagerly, Now RuNet Pioneer Faces PrisonEven in Russia calls for genocide, to "bomb them all," are considered extremist and can be used as grounds for criminal prosecution. Some think that this blogger should not be punished because the real reason he's being prosecuted is his ...
Thanos
1 day, 16 hours ago
Views: 298 • Comments: 0 • Rating: 0
Tweets: 4 • Share to Facebook
Shares: 0
Comments: 0
: 0
Ignore Trump: Ford’s Move to Mexico Is Good for US Workers Electoral math. TRUMP=WRONG Of the 11 new car factories built in North America since 2011, nine are in Mexico. But that does not equate to cutting jobs in the US. In fact, Ford building small cars in Mexico allows ...
Great White Snark
1 day, 17 hours ago
Views: 341 • Comments: 1 • Rating: 1
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0