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View Diary: Private equity-owned Hostess blames striking workers as it liquidates (263 comments)

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  •  employee ownership is great (5+ / 0-)
    Recommended by:
    rmx2630, sfbob, happymisanthropy, laurnj, BYw

    But unions, their pension funds and their spending are TIGHTLY regulated -- indeed it is an area when Republicans have always found the more rules the better.  So not as easy as it sounds . . .

    •  Regulations can be changed (0+ / 0-)

      Ever heard of one of the Repugs favorite phrases--deregulation?

      Al Qeada is a faith-based initiative.

      by drewfromct on Fri Nov 16, 2012 at 04:48:06 PM PST

      [ Parent ]

    •  In a leverage buyout, (0+ / 0-)

      the union pensions are gone, used  to pay Bain, or the Company that took them over to pay off the debt incurred in the takeover and pay the masssive profits to upper management and the raiders that took them over. The new owners know nothing about baking and baked goods, just how to strip a company bare and leave the workers holding the bag.
      The union is just a scapegoat for management's greed and incompetance.

      What do we want? Universal health care! When do we want it? Now!

      by cagernant on Fri Nov 16, 2012 at 10:06:13 PM PST

      [ Parent ]

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