Skip to main content

I have had many requests for a copy of this letter and I couldn't find it. Then my Union Sister Linda from Emporia was able to send me a copy!!!

So, here ya go!

The Letter

My favorite part...
"I want to be clear that this temporary suspension of payments to the pension funds will not affect your pension benefits"

Also, I will be interviewed again on CNBC at 2:30 central time. Thanks to David Waldman and Kos Radio for interviewing me this morning. Hopefully I can keep you up to date on the situation!

The original post that started my adventures Inside the Hostess Bankery.

Updated
I am back from CNBC. Not sure what to think about format. Overall I did the only thing I could and just tried to prevent misinformation. I guess I did alright.
CNBC Wednesday video

The CEO was on after me.
CEO we will try to find home for brands.

I noticed something about his comments. He suggests the company may raise over $1 BILLION from the sale of brands. If these owners raise that much, their overall profit from their Hostess endeavor will be in the 100's of millions of dollars. Subtracting from their actual still owed debt after bankruptcy these owners have no where near that amount invested. They may have lost $341 million last year but most of that has been waived by the judge and IS NOT a part of their investment. You know, like my pension they don't have to pay.

This is an example of maximizing shareholder value successfully, just like they have always planned. Just like our Labor leaders told us would happen. Thank you Frank Hurt and Dave Durkee for following your membership but leading through the obstacle course.

Originally posted to bluebarnstormer on Wed Nov 21, 2012 at 10:54 AM PST.

Also republished by In Support of Labor and Unions.

EMAIL TO A FRIEND X
Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags

?

More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Pat K California, Mirele, Alumbrados, Ed in Montana, cat, David Waldman, Armando, hazey, MadRuth, Gooserock, Pandora, jazzizbest, cotterperson, eeff, maggiemae, Intellectually Curious, BlackSheep1, Pithy Cherub, boadicea, Aquarius40, chimpy, roses, khloemi, CodeTalker, Terre, sele, NMRed, hopesprings, Farugia, pat bunny, Jujuree, Dr Seuss, Emmy, 3goldens, yuriwho, 1Nic Ven, YucatanMan, bleeding blue, Sun Tzu, Burned, Kayakbiker, CompaniaHill, blue jersey mom, Ozymandius, FindingMyVoice, bunsk, daddybunny, Philpm, martini, Showman, stef, Patriot Daily News Clearinghouse, Esjaydee, raincrow, kck, blueoasis, NBBooks, bubbanomics, JVolvo, Preston S, ER Doc, middleagedhousewife, BlueMississippi, doingbusinessas, Dreaming of Better Days, blueoregon, Friend of the court, Aaa T Tudeattack, Thinking Fella, Tamar, phonegery, pgm 01, gloriana, yoduuuh do or do not, Mary Mike, terabytes, HCKAD, carpunder, uciguy30, trueblueliberal, vet, Empower Ink, MKinTN, End game, TruthFreedomKindness, Chacounne, wayoutinthestix, Aureas2, Involuntary Exile, elwior, filby, lineatus, Its any one guess, mikeconwell, tofumagoo, pickandshovel, Gemina13, statsone, Celtic Merlin, Ripeness Is All, banjolele, Don Enrique, shopkeeper, CamillesDad1, asym, bfitzinAR, COwoman, sfarkash, mdmslle, sunny skies, gulfgal98, pixxer, DiegoUK, Betty Pinson, cany, ciganka, translatorpro, MidwestTreeHugger, slowbutsure, implicate order, La Gitane, OhioNatureMom, badscience, peregrine kate, PhilJD, VTCC73, Hayate Yagami, DRo, Jojos Mojo, Kurt from CMH, anodnhajo, IndieGuy, dance you monster, Eric Nelson, Mr Robert, Martin Gale, Noddy, Glen The Plumber, tripodisblack, mygreekamphora, Boundegar, weck, Smoh, ET3117, Jim Domenico

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site