|
Hostess was sold to two hedge funds and a private equity firm. Some say a vulture capitalist firm was also involved. The first thing they did was drive down wages and benefits for the workers. This triggered the strike. The union is now busted and we are on the hook for their pensions. I would be less than surprised if they go back into full production after the bankruptcy using non-union workers working for poverty wages.
This crap has got to stop. It may not be illegal but it is highly unethical. I can't imagine what goes through the amoral, narcissistic minds of people like Romney. They care about nothing but themselves.
BTW, you don't have to be a lawyer to handle bankruptcies. You do have to know what you are doing though.
|
11-17-2012, 05:44 PM
Threaded Mode