Friday, November 16, 2012

Today in business-ish news: failing upward

"...as the company was preparing to file for bankruptcy earlier this year, the then CEO of Hostess was awarded a 300 percent raise (from approximately $750,000 to $2,550,000) and at least nine other top executives of the company received massive pay raises. One such executive received a pay increase from $500,000 to $900,000 and another received one taking his salary from $375,000 to $656,256."-- The Confectionery, Tobacco Workers & Grain Millers International Union
Hostess, the maker of snack cakes and type 2 diabetes, is closing plants and filing for another round of bankruptcy. They've almost failed as much as Donald Trump.

Obviously this is all Obama's fault.

Obamacare and Michelle Obama's anti-obesity kick.

We cannot raise taxes on unicorn fuckers job creators like the executives at the floundering Hostess. Who doesn't triple the salary of the people running a business that's failing? That's the free  market at work!

Profit motivation makes everything better.

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