Farewell Twinkie the Kid

[ThatOtherGuy]

Lets try this one for size ...

The highest salary in the country in a govt position is obviously the president. @ around 450K and he has huge expenses, he cant turn off the lights and he has to pay for his own dinner etc etc etc ... so that 450K is wasily eaten away by a 10g utility bill ... I'd rate that 450K as closer to 300K in the real world ...

Anyway anyone who is an employee needs to be limited to about that. Of course a lot of CEO's are also stock holders in their respective firms ... like Steve Jobs owned 5% of a stock that was selling 700 bucks, he sells 100 of those ... that isnt subject to the limit ... the employee compensation is different from the business compensation ...

I think in a lot of cases managers are leeches on the company. Full of Idiotic acquisitions and dumb ideas as well as outright criminal ones. The classic pump and dump, the insider trading the privatise the profits socialise the losses etc etc are all rife in that culture. Yea becoming a share holder in that snake pit so you can vote your way out, is like sticking your hand in a snake pit and hoping to catch enough snakes so you can change the rest of the snakes ... you gotta be pretty stupid to try that ...

However i should say, Twinkie or no twinkie, I dont think I'd shed a tear either way ... let it all collapse and I wont care ...

Cool.
Buddha.

So how much does he pay for his Secret Service goon squad?  Fleet of personal transport, like planes, helicopters, limos etc etc?  How many executives could expect a red carpet welcome in most places of the world?  And have someone else foot the bill for it.  How much does he pay for the presidential pension and his SS protection after his term?  You're not comparing like with like.  Start quantifying everything else he gets "for free", then tell me what his total package comes too.  Might surprise you how much the president really costs the American public.

[The Buddha]

CEO's have a goon squad they dont pay for as well. CEO's also have limo's they dont pay for, they have almost all the same things different in scale and scope depending on the company and situation obviously which is @ a company's expense. @ the end, the CEO can turn off his patio lights if he's going broke ... president cannot. Retirement and so on is dependent on original salary, a ceo making 400K will get ~65% of it ... I think where it makes a difference as president, after they are done, a young president like Clinton or Obama still has a 30-40 yr life left. Most CEO's work till their 70's.
Anyway ...
Cool.
Buddha.

[jdoorn14]

In an effort to get back to what I see as the original topic here, Twinkies are not going to go away entirely. Anyone paying more than MSRP on ebay for a Twinkie is a moron.

This is truly a Chapter 11 liquidation bankruptcy. All of Hostess' assets, including products and secret recipes/manufacturing processes & patents, will be sold at auction now that the court-mandated mediation appears to have failed. There are already at least 6 confectionery companies who are ready to bid on Twinkies. Twinkies will continue to be produced and sold, but they will no longer carry the Hostess banner. Production will likely also be moved to wherever the buyer currently operates.

I'm going to stay out of the pro/anti-union debate here. I have my own opinions, but this borders on one of the topics that is the catalyst for many fierce arguments. As they say, to avoid an argument, refrain from discussing religion or politics.

[The Buddha]

One more thing ...

A crappy out of time product line - high sugar and high fat and no nutrition value food was what killed twinkie. I dont think that can be pinned on union or workers. Its all management baby ... they should have invented a high fiber low calorie twinkie ... mu hahahahahahah ... hahahahah ... all management failure baby.

The twinkie bar, a grain and fiber filled bar that fights cancer and can double as a dildo ... y'know for those who must have a twinkie ... y'know ... easy, invent it and watch it fly off the shelves in the hood ... and its equivalent, the Black twinkie ... AKA a ho ho ... same as twinkie, but bigger ...

Cool.
Buddha.

[The Buddha]

Almost any large scale failure IMHO in recent times including the suzuki failure I'd chalk it down to management failure ... lack of direction, lack of vision, lack of competetiveness etc etc ... the nut and bolt guy isn't designing the GS ...

However in the 60's and 70's if you recall, the british and other european cars used to come out of the factory missing bolts, missing other critical components ... they were popular and well liked ... aka nicely designed and appealing, but they function horribly ... that is labor and union failure classic ...

You're riding your GS bought new last week .. .and your damn brake caliper falls off ... OK there failure of labor/union ... blame the $15/hr assembly line guy ...

You walk into the showroom and your GS looks like garbage next to the gleaming new honda 300 twin ... sorry management failure there.

Cool.
Buddha.

[jestercinti]

So how much does he pay for his Secret Service goon squad?  Fleet of personal transport, like planes, helicopters, limos etc etc?  How many executives could expect a red carpet welcome in most places of the world?  And have someone else foot the bill for it.  How much does he pay for the presidential pension and his SS protection after his term?  You're not comparing like with like.  Start quantifying everything else he gets "for free", then tell me what his total package comes too.  Might surprise you how much the president really costs the American public.

Probably equal to if not more than her entourage 

[ThatOtherGuy]

I don't doubt that at all.  Just saying don't always blame the executive, its easy to single out maybe a dozen people at the top and look at their income in isolation, but 18,500 people lost their jobs.  so being conservative, if on average they earned $30k each, that's $555m in wages.  was Twinkie ever going to be able to continue generating that sort of income to sustain those incomes?

reinventing Twinkie?  anyone remember "New Coke", not always the best thing to do.

[The Buddha]

Dude - it was loaded with fat and calories ... I blame the executives. Easily. I was just joking when I said I want a 7 grain twinkie ... however they should have started a few lines of more healthy products ... yea yea they had bread, OK that is 1. That lack of vision I will directly lay @ the feet of the executives.

The beauty is ... they still make millions when winding down the company ... they collectively killed it and are staying on to profit from the last few breaths of it.

I'd honestly hope a few workers @ a time started a cottage industry making the twinkie ... a small scale ... only this part of the country we sell to ... like cheerwine or sundrop. Only in my corner of USA we get those and they are relatively succesful.

Cool.
Buddha.