Originally Posted By: gradysjeepOf course Obama isn't the reason hostess is going out of business, but what is that old saying "if your not part of the solution you are part of the problem." We are going to hear more stories like this as more of O's policies are implemented. Increased taxes on millionaires, yup those are the business owners. Health insurance mandates, increased energy costs the list goes on. There is a reason business owners didn't vote for this guy. The apologists should wake up.
Increased taxes on millionaires will never affect a company such as Hostess or any other, there is a disconnect from the realities here.
Hostess has not been doing well as evidenced by a recent bankruptcy. Any corporation, no matter how many thousands of employees it has is not paying taxes unless it is profitable. What part of taxes being only on profits don't people understand? It is a purely rhetorical BS line and premise that taxes on the wealthy will harm already stressed businesses. A close to the edge stressed business is not paying taxes because it is not making any profits.
Now if a stressed business has CEO's making more than $250k they can pay taxes on their income and it has nothing to do with the corporation because the money going out doesn't change, unless those CEO's are stupid enough to try to raise their pay to maintain their personal after tax incomes. CEO stupidity is not our problem, nor is it the corporation's problem unless they have stupid CEO's, which is more often than not what gets a company in trouble.
And by the way, there are a lot of business owners who did vote for him. Not every business owner is a Republican or an idiot.
By the way, did you all catch in any past posts that I am a consultant for failing businesses? I know what I'm doing and what I'm talking about. It is my position that the taxing wealthy business argument has idiots on the other side defending the wealthy that don't need it. I have busted two union shops by convincing the employees that they would be better off without the unions, which they were. That is a piece of work, trust me on that.
You know what the first place I looked for extra money with a failing business was? CEO and owner's pay, after assessing how big the deficit was I made up big parts with temporary pay cuts that were considered to be loans if the company was successfully turned around into excellent profits, they would then get bonuses repaying the money they had sacrificed. My position was that the company didn't need upper management that didn't believe in the company enough to do that. It was amazing how many people were willing to do it, and the ones that weren't was good riddance.
Excessively high CEO salaries and compensation is killing corporate america. They escalate raises during good times and aren't willing to lower their pay in bad times. Look how often we hear about huge bonuses for CEO's when the company is laying off thousands of workers, that should be illegal as the breach of fiduciary responsibility it is. Thirty times what workers make was an excellent perspective, now we are seeing CEO's making 300 to 400 times what the workers make, and they are not worth it.
Increased taxes on millionaires will never affect a company such as Hostess or any other, there is a disconnect from the realities here.
Hostess has not been doing well as evidenced by a recent bankruptcy. Any corporation, no matter how many thousands of employees it has is not paying taxes unless it is profitable. What part of taxes being only on profits don't people understand? It is a purely rhetorical BS line and premise that taxes on the wealthy will harm already stressed businesses. A close to the edge stressed business is not paying taxes because it is not making any profits.
Now if a stressed business has CEO's making more than $250k they can pay taxes on their income and it has nothing to do with the corporation because the money going out doesn't change, unless those CEO's are stupid enough to try to raise their pay to maintain their personal after tax incomes. CEO stupidity is not our problem, nor is it the corporation's problem unless they have stupid CEO's, which is more often than not what gets a company in trouble.
And by the way, there are a lot of business owners who did vote for him. Not every business owner is a Republican or an idiot.
By the way, did you all catch in any past posts that I am a consultant for failing businesses? I know what I'm doing and what I'm talking about. It is my position that the taxing wealthy business argument has idiots on the other side defending the wealthy that don't need it. I have busted two union shops by convincing the employees that they would be better off without the unions, which they were. That is a piece of work, trust me on that.
You know what the first place I looked for extra money with a failing business was? CEO and owner's pay, after assessing how big the deficit was I made up big parts with temporary pay cuts that were considered to be loans if the company was successfully turned around into excellent profits, they would then get bonuses repaying the money they had sacrificed. My position was that the company didn't need upper management that didn't believe in the company enough to do that. It was amazing how many people were willing to do it, and the ones that weren't was good riddance.
Excessively high CEO salaries and compensation is killing corporate america. They escalate raises during good times and aren't willing to lower their pay in bad times. Look how often we hear about huge bonuses for CEO's when the company is laying off thousands of workers, that should be illegal as the breach of fiduciary responsibility it is. Thirty times what workers make was an excellent perspective, now we are seeing CEO's making 300 to 400 times what the workers make, and they are not worth it.
Hostess has stressed that sacrifices were made across-the-board at the company, though workers may feel like they've given up far more than executives. As the Wall Street Journal reported, the company's four top executives agreed earlier this year to work for a salary of $1 until Hostess emerged from bankruptcy -- but only after enjoying raises of 75 to 80 percent in 2011, when the company had already hired restructuring lawyers.)
