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Hostess Brands Moves to Wind Down Operations, Sell Assets

Discussion in 'The OT' started by fluffybear, Nov 16, 2012.

  1. runner861

    runner861 Icon

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    Considering the alternative is no health care, so just show up at the ER and wait twelve hours to be treated at public expense, driving up costs and taxes for everyone, I really don't understand what you are getting at. Besides, the battle over Obamacare is over.
     
  2. Lord Vader

    Lord Vader Supreme Member

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    I'm not here to debate Obamacare, as that's a political issue. I'm simply pointing out that there are those governmental regulations and laws that are actually anti-business because of the former's onerous costs and burdens. When a business's cost go up substantially, the biggest way to offset those costs is by letting people go or cutting back hours.

    That's not greed; that's simple math and reality.
     
  3. wilbur_the_goose

    wilbur_the_goose Hall Of Fame

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    1892: The Homestead strike
     
  4. Lord Vader

    Lord Vader Supreme Member

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    Do not infer that which I did not imply.
     
  5. Drucifer

    Drucifer Well-Known Member

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    NY Hudson...
    Apparently everybody is expected take a financial hit in hard times except the owner of a business.
     
  6. Stewart Vernon

    Stewart Vernon Roving Reporter Staff Member Super Moderator DBSTalk Club

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    I haven't kept up to date... but last I heard, the penalty to large companies for dropping health care would often be less than their current cost of actually covering employees... so logistically, expect companies to complain about "forced to insure" due to "Obamacare" but then they drop coverage, pay the penalty, and actually save money due to the new law...


    Small businesses that will soon be required to cover their employees likely WILL incur new expenses because of this law. I am 100% with a small business owner who has concerns about this new expense...

    BUT

    I haven't been seeing small businesses complaining. I've been seeing large corporations complain... companies who already provide health insurance for their employees... so it seems kind of disingenuous for them to complain when this actually isn't a new cost to them AND they have a new option to drop coverage and pay a penalty that might be lower.

    It seems to me like the wrong people are complaining.

    Meanwhile.. back on topic!

    The more I hear, the more I feel less weird to be siding with the bakers and their union. I'm not a union guy, but wow... it sounds worse and worse than even my pessimistic self suspected about the clown car management at Hostess.
     
  7. Lord Vader

    Lord Vader Supreme Member

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    Owners of businesses are the last ones to get paid, and their earnings are based on whatever is left after all the bills (utilities, product, insurance, etc.) and the employees get paid. Companies are in business to make a profit, not to satisfy the emotional whims of a person or group of persons, as unfair as that may sound.

    I don't believe that's an accurate statement blanket-wise; that is, I think it depends on the company.

    I saw this excellent flowchart that spelled out the costs/penalties/requirements of Obamacare. However, I'm not going to post it here because I really do not wish to make this a political discussion on that health care law.
     
  8. Drucifer

    Drucifer Well-Known Member

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    NY Hudson...
    Obviously you're not following what's happening at Hostess. As the owners there are doing the exact opposite of what you stated an owner should be like.
     
  9. runner861

    runner861 Icon

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  10. Hoosier205

    Hoosier205 New Member

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    It's not my fault. Place the blame where it belongs, with greedy unions. The best thing that can happen is that unions continue their decline. Union members who strike deserve to lose their jobs. You chose to walk off the job and halt production? Fired! The teachers in Chicago should have been fired immediately as well. If you don't want your job, get out of the way for someone else.

    One more comment about the pathetic unions and their members. Many of the people you see actually protesting...aren't the employees. They are paid stooges who protest on behalf of the union members.
     
  11. Lord Vader

    Lord Vader Supreme Member

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    I'm following it. Both sides are to blame, and I'm certainly NOT in favor of incompetent business executives making gobs of money for not doing their job. For that, blame those responsible for approving those salaries.
     
  12. AntAltMike

    AntAltMike Hall Of Fame

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    College...
    I blame:

    1) The fact that young people do not place the same premium on 1960s brand names as do those of us who developed brand loyalty to the companies that sponsored our favorite TV shows,

    2) There is movement away from junk foods, generally, and,

    3) I notice kids in 7-Elevens buying different junk food products than I bought/buy.
     
  13. Davenlr

    Davenlr Geek til I die

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    Obamacare is just an excuse...these companies have been doing it since I got my first job in 1974 at Kmart. Except for a few managers, everyone was part time, under (JUST UNDER) the cutoff for full time, and we were told if we worked past the cutoff, we would be terminated. This was in 1974. Nothing different today. Same corporate greed as always. Just new excuses for it.
     
  14. Lord Vader

    Lord Vader Supreme Member

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    So Papa John's, Applebees, and hundreds of other companies who to this date have not done such things on a mass scale but now are forced to do this are doing it because they're "greedy" and not because Obamacare will add new, heavy costs to their business?

    You're being quite naive here.
     
  15. hdtvfan0001

    hdtvfan0001 Well-Known Member

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    Death of another icon.
    [​IMG]
     
  16. dpeters11

    dpeters11 Hall Of Fame

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    Papa Johns will just need to give away fewer pizzas. A small pizza chain in Wisconsin is actually glad the health care law is coming. He already provides insurance for his employees and if Papa Johns increases their prices to cover it, they'll be more competitive from a price perspective.
     
  17. Lord Vader

    Lord Vader Supreme Member

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    So Papa Johns, Applebees, Chili's, and numerous other businesses deserve this, as you seem to imply. How dare these companies try to cover costs by reducing employees' hours! Perhaps they should just increase their products' prices some 10 to 20%. Then, when people stop buying their products because of the price increases, you'll be the first to complain that said companies are laying people off due to decreased profits.
     
  18. Davenlr

    Davenlr Geek til I die

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    My company has two employees. We are offered health insurance by the owner. I dont see where its going to put any burden at all on a company 1000x larger than ours.
     
  19. dpeters11

    dpeters11 Hall Of Fame

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    Maybe I'm not the best one to answer this question, but I would be willing to pay more to have US based tech support (I actually have in the past), would pay more for my pizza, and would pay more for a product made in US. I just bought a new mixer, made a conscious decision to get a KitchenAid. Heck, my standard delivery tip for one pizza is $4. For something like Hostess, Coke etc, I'd pay more for actual sugar and not HFCS.

    I would use my locally owned hardware store, but he's not a nice person. A bit like the soup guy on Seinfeld, so I go to Lowes or Home Depot.
     
  20. Lord Vader

    Lord Vader Supreme Member

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    If everyone shared the same attitude as yours, one to which I try to subscribe as well, then everything would be better off. However, the reality is that many people, I'd say a vast majority, shop on price, and if companies are going to increase their costs to offset governmental regulations and requirements, then consumers will take their business elsewhere.
     

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