Pages

3 comments

Jump to bottom
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This page has been archived.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.

^ back to top ^

TwitterFacebook

Turn off all ads for a full year by subscribing!
For about 33 cents a day (per month) or 22 cents a day (per year), our subscription option turns off all advertisements at LGF!
Read more...

► LGF Headlines

  • Loading...

► Tweeted Articles

  • Loading...

► Tweeted Pages

  • Loading...

► Top 10 Comments

  • Loading...

► Bottom Comments

  • Loading...

► Recent Comments

  • Loading...

► Tools/Info

► Tag Cloud

► Contact

You must have Javascript enabled to use the contact form.
Your email:

Subject:

Message:


Messages may be published unless you request otherwise.
Tech Note:
Using the Contact Form
LGF Pages

This button leads to the main index of LGF Pages, our user-submitted articles. You can post your own LGF Pages simply by registering a free account with us.

Create a Page

This 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: 2014-03-07 2:19 pm PST

LGF User's Guide
Recent Pages
Randall Gross
Purported Cure-All Juice Maker Must Face Suit
A recidivist scammer must face a class action alleging it falsely advertises a pricey "super juice" as a cure for cancer, Alzheimer's and heart disease, a federal judge ruled. Lisa Pontrelli filed a putative class action against MonaVie Inc. ...

12 hours, 47 minutes ago
Views: 126 • Comments: 0
Tweets: 0 • Rating: 0
The War TARDIS
Doctor Who “Into the Dalek” Open Thread
This episode will echo old Dalek episodes, both with a bit of a twist. Also, Clara will be finding someone, as she seems to be moving from her feelings of the 11th. But, this for talking.

13 hours, 23 minutes ago
Views: 144 • Comments: 34
Tweets: 0 • Rating: 2
FemNaziBitch
Roger Goodell: ‘I Didn’t Get It Right.’ -NFL TAKES A NEW STANCE DOMESTIC VIOLENCE
NFL commissioner Roger Goodell admits he was wrong on the Ray Rice decision, and Goodell took an important step Thursday towards showing the league is serious about cracking down on domestic violence as well as sexual assault. In a ...

1 day, 19 hours ago
Views: 182 • Comments: 1
Tweets: 0 • Rating: 3
sagehen
Doctor Who Spoiler Thread
For those who want to post immediately... live... without having to hide spoilers behind the button.

1 week ago
Views: 655 • Comments: 99
Tweets: 0 • Rating: 6
EiMitch
Escapist: Maniac Cop
escapistmagazine.com Link broken? The gist is that this is an impressively sarcastic review of an old slasher flick based on the "unrealistic" premise of a cop abusing his power to murder people.

1 week, 1 day ago
Views: 477 • Comments: 1
Tweets: 0 • Rating: 1
Hyped Up On Ganja
Hunt for German neo-Nazis was ‘complete disaster’
BERLIN (AP) -- Police and security services in Germany's eastern state of Thuringia bungled the hunt for three neo-Nazis, who years later turned out to be the main suspects in a far-right murder spree. Story

1 week, 2 days ago
Views: 683 • Comments: 2
Tweets: 0 • Rating: 4
Rightwingconspirator
A Lizard’s Regenerating Tail
Don't ya hate it when that happens? You feel so short for a month. Anoles are curious little lizards capable of ditching their tails when they feel threatened. This self-amputation, called autotomy, takes about 25 days for the tail to ...

1 week, 2 days ago
Views: 489 • Comments: 1
Tweets: 0 • Rating: 5
CriticalDragon1177
Io9 - Everything You Need To Know About Lemuria, The Lost Continent Of Lemurs
Esther Inglis-Arkell talks about the weirdest lost continent myth, I've ever heard. Its the only one I know of that ever included giant telepathic lemurs. No seriously! In 1858 a young zoologist, playing around with an idea, came up with ...

1 week, 2 days ago
Views: 662 • Comments: 4
Tweets: 0 • Rating: 7
Laughing Gas
Scumbag “HBD believer” claims Michael Brown charged officer
WARNING: LINK TO HATE SITE He links to some ijreview, a right wing site: This guy makes me sick.

1 week, 5 days ago
Views: 1,525 • Comments: 6
Tweets: 1 • Rating: 1
 Frank says:

There's no question in my mind -- the beer, the ballons and the bunting all start with "B" for some cosmic reason. -- Words that star with B and remind him of the Republican party. The Real Frank Zappa Book. Page 238