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December 18, 2012
Ah, good catch! Here’s a bit from Bloomberg discussing this angle of the issue more in depth.

Ah, good catch! Here’s a bit from Bloomberg discussing this angle of the issue more in depth.

13:35 // 1 year ago
November 29, 2012

Likely brand sales won’t keep Hostess from screwing employees out of millions

  • $1.1M in monthly retiree benefits will not be paid by Hostess during the company’s liquidation process according to an attorney for the company.
  • $1.5M was collected by Hostess CEO Gregory Rayburn during fiscal 2012 — an average monthly salary of $125,000 — before bonuses or other incentives.
  • $1.8M has been set aside for the incentive bonuses of 19 Hostess executives, bonuses which the company argues are needed to retain the corporate officers and other high-level managers. Maybe it’s just us, but does this sound like, “Let us pay ourselves another $2 million, or we’ll quit too!” to anybody else?source
17:27 // 1 year ago
November 30, 2011

It’s estimated that 300,000 people participated in the public sector strike in Scotland today, an action in protest of proposed changes to the state’s pension system which could force workers to pay in at a higher rate, and work more years before reaching retirement.  source

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20:36 // 2 years ago
October 25, 2010

Nearly two weeks in, French strikes proving very costly

  • 200+
    million
    the amount that the French strikes are costing the country per day, at minimum (as high as €400 million)
  • 2.4
    billion
    the minimum amount this could be hurting their economy; it could be as high as €4.8 billion source
11:04 // 3 years ago
October 22, 2010

French Senate ignores protesters’ cries, passes pension law anyway

  • anger For that last few days, protesters have been making life in France pretty rough, partly over an age increase for pensions, from 60 to 62. It’s not that bad, guys!
  • indifferenceDespite days of rage and problems with fuel distribution caused by the protests, the French Senate passed it anyway. Now it’s headed to President Sarkozy to sign. source
14:56 // 3 years ago