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View Diary: Hostess CEO Received 300% Raise Before Bankruptcy (86 comments)

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  •  Hostess has officially been "Bained" (7+ / 0-)

    Sad, too...

    as someone once said, "there outta be a law"

    wait - there probably IS!

    For a better America, vote the GOP out of office whenever and wherever possible and as soon (and as often) as possible!

    by dagnome on Sat Nov 17, 2012 at 08:19:10 PM PST

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    •  or there probably WAS... (2+ / 0-)
      Recommended by:
      RUNDOWN, OleHippieChick

      and we need a Justice Department with the funding for staffing & expenses to investigate & prosecute these kind of 'thefts.'
      Hopefully the Obama administration is feeling emboldened to start prosecuting Wall Street crimes sooner rather than later.

      I believe Wall Street & banker types & vulture CEOs are trying their best to steal ALL THE MONEY before they die & to hell with ethics.

      Something that doesn't make good sense, makes bad sense. That means someone is being deliberately hurtful & selfish. Look for motives behind actions & words.

      by CA wildwoman on Sun Nov 18, 2012 at 04:16:11 AM PST

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      •  It's definitely something (0+ / 0-)

        worth advocating for [either enforcement of current laws or passing other laws to prevent this type of vampire capitalism.]

        The banks have a stranglehold on the political process. Mike Whitney

        by dfarrah on Sun Nov 18, 2012 at 08:01:31 AM PST

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    •  I'm not really sure how (0+ / 0-)

      to legislate what owners can do to their own companies.  If shareholders decide to sell out to Bain-style vulturists, then that is their right.  They have the right to set their own salaries, and run the company into the ground if they want.

      I don't see how you could legislate telling a business owner who they can or can't sell their business to, or how to manage their debt and capital....

      There really has to be a way though...

      "Mediocrity cannot know excellence." -- Sherlock Holmes

      by La Gitane on Sun Nov 18, 2012 at 12:29:24 PM PST

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      •  Bankruptcy trustees have a LOT of power... (0+ / 0-)

        For a better America, vote the GOP out of office whenever and wherever possible and as soon (and as often) as possible!

        by dagnome on Wed Nov 21, 2012 at 11:41:47 AM PST

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