Greedy Restructuring Asshole
 

On Wed, 05 Dec 2012 06:33:42 -0600, amdx
wrote:

On 12/5/2012 4:14 AM, jps wrote:

On Tue, 04 Dec 2012 20:07:13 -0600, amdx
wrote:



He was hired at that fee to restructure the company. So he earns the
money. Hostess main problem was a very expensive distribution network.
The drivers could not load a truck among other items of overhead.

He's part of the vulture capital firm that took over. Not enough that
these guys will reap large rewards for parting out a viable business
(save for their stupid decisions), they need to take exorbitant fees
too.


Hey, it's so easy to start and run a business, why don't you do it.
Oh, and get the union involved from the start, that way you will know
all the union rules. And don't question a rule just cause it looks
unproductive, it adds union jobs.
Mikek

I did start and do run a business that's more than 20 years old. I
pay far more than union wages, plus a compensation package that
includes health care benefits at exhorbitant expense.

Time to reign in some of these assholes who run companies dry. I'm
not talking about the tax man, I'm talking about the health care
industry, the most profitable industry in the US.

Can't wait for the state run markets to pull it together. I've been
paying between 10 and 15% increases every year for the past 15 years.
This year is the smallest increase ever, 6.5%. About ****ing time.


Overcharging your customers? Hmm...
Greedy!
Mikek

Don't understand what you're implying. I don't overcharge my
customers.

Greedy Restructuring Asshole
 

In article , says...

On 12/4/12 5:18 PM, JustWait wrote:



You are right, the unions wanted to go along with it, it was the 3,000
greedy union "brothers" who ****ed the other 15,000 down the river..
Same way it happened at Finast, the top ten percent wage earners, ****
the rest for a few more bucks...


The unions had nothing to do with the demise of First National, aka
Finast. The chain was the victim of bad management from the Pick-and-Pay
Ohio group that took it over and then by the European group - Royal
Ahold - that took it over in the late 1980's. The latter organization
had all sorts of investigations going on, some of which resulted in
heavy fines and jail sentences.

Bad management...really bad management, and nothing to do with "union
problems."

You would know about bad management, bad accounting and bad business
practices in general. Pay your taxes and your debts deadbeat.

Greedy Restructuring Asshole
 

In article ,
says...

On Tue, 04 Dec 2012 20:07:13 -0600, amdx
wrote:



He was hired at that fee to restructure the company. So he earns the
money. Hostess main problem was a very expensive distribution network.
The drivers could not load a truck among other items of overhead.

He's part of the vulture capital firm that took over. Not enough that
these guys will reap large rewards for parting out a viable business
(save for their stupid decisions), they need to take exorbitant fees
too.


Hey, it's so easy to start and run a business, why don't you do it.
Oh, and get the union involved from the start, that way you will know
all the union rules. And don't question a rule just cause it looks
unproductive, it adds union jobs.
Mikek

I did start and do run a business that's more than 20 years old. I
pay far more than union wages, plus a compensation package that
includes health care benefits at exhorbitant expense.

Facts not in evidence.

Time to reign in some of these assholes who run companies dry. I'm
not talking about the tax man, I'm talking about the health care
industry, the most profitable industry in the US.

You ability to run a going concern is doubtful.

Can't wait for the state run markets to pull it together. I've been
paying between 10 and 15% increases every year for the past 15 years.
This year is the smallest increase ever, 6.5%. About ****ing time.

So you are one of the greedy *******s who is going to toss his employees
off their health insurance plan, pay the penalty and lose productivity
because they have to wait in line to see a doctor.

Greedy Restructuring Asshole
 

In article ,
says...

In article ,
says...


He was hired at that fee to restructure the company. So he earns the
money. Hostess main problem was a very expensive distribution network.
The drivers could not load a truck among other items of overhead.

He's part of the vulture capital firm that took over. Not enough that
these guys will reap large rewards for parting out a viable business
(save for their stupid decisions), they need to take exorbitant fees
too.


Hey, it's so easy to start and run a business, why don't you do it.
Oh, and get the union involved from the start, that way you will know
all the union rules. And don't question a rule just cause it looks
unproductive, it adds union jobs.
Mikek

http://tinyurl.com/brkkbgk

We bought Hostess mini muffins and Wonder bread each week. We were doing
our part to keep them in business.

Greedy Restructuring Asshole (long)
 

"jps" wrote in message
...


We see the world in a very similar way. I've built my company in the
same fashion but the dollar value of our product isn't as high, as
we're in corporate instead of defense.

No loans, very little money invested outside of the prinicipals, all
profits plunged back into R&D. I hope to experience a similar day to
yours, before I keel over or move into an old folks home.

Love reading your story, thanks for sharing.

One difference I'll point out between venture vs. vulture. Venture
capitalists are more interested in making successes of their bets,
vultures don't care where the profits come from, even if it's the
company pension plan or burying the company in debt, the cash from
which is paid out to the vulture capital firm.

------------------------------------------------------------------

One thing I always believed (at the risk of it sounding like Mitt
Romney).

Treat the company as if it's a person. Guide it, nurture it, grow it,
protect it.
If you take care of the company, the company will take care of you and
it's employees.
The "company" becomes the personification of all the people within it,
and they will prosper as the company does.

As for venture versus vultu

Venture Capitalists are the good guys when the company is growing and
needs financing.
Vulture Capitalists are the same guys when things turn to ****.

Greedy Restructuring Asshole
 

On 12/5/2012 6:20 PM, jps wrote:
On Wed, 05 Dec 2012 06:33:42 -0600, amdx
wrote:

On 12/5/2012 4:14 AM, jps wrote:

On Tue, 04 Dec 2012 20:07:13 -0600, amdx
wrote:



He was hired at that fee to restructure the company. So he earns the
money. Hostess main problem was a very expensive distribution network.
The drivers could not load a truck among other items of overhead.

He's part of the vulture capital firm that took over. Not enough that
these guys will reap large rewards for parting out a viable business
(save for their stupid decisions), they need to take exorbitant fees
too.


Hey, it's so easy to start and run a business, why don't you do it.
Oh, and get the union involved from the start, that way you will know
all the union rules. And don't question a rule just cause it looks
unproductive, it adds union jobs.
Mikek

I did start and do run a business that's more than 20 years old. I
pay far more than union wages, plus a compensation package that
includes health care benefits at exorbitant expense.

Time to reign in some of these assholes who run companies dry. I'm
not talking about the tax man, I'm talking about the health care
industry, the most profitable industry in the US.

Can't wait for the state run markets to pull it together. I've been
paying between 10 and 15% increases every year for the past 15 years.
This year is the smallest increase ever, 6.5%. About ****ing time.


Overcharging your customers? Hmm...
Greedy!
Mikek

Don't understand what you're implying. I don't overcharge my
customers.

Just pulling your chain. You didn't take the bait.
Good for you.
Mikek

Greedy Restructuring Asshole (long)
 

"jps" wrote in message
...


We see the world in a very similar way. I've built my company in the
same fashion but the dollar value of our product isn't as high, as
we're in corporate instead of defense.

----------------------------------------

Be careful of what you claim to have built. Not politically correct
now-a-days.

:-)

Greedy Restructuring Asshole
 

On Wednesday, December 5, 2012 7:39:47 PM UTC-5, BAR wrote:
In article , says...



On 12/4/12 5:18 PM, JustWait wrote:


You are right, the unions wanted to go along with it, it was the 3,000
greedy union "brothers" who ****ed the other 15,000 down the river..
Same way it happened at Finast, the top ten percent wage earners, ****
the rest for a few more bucks...


The unions had nothing to do with the demise of First National, aka
Finast. The chain was the victim of bad management from the Pick-and-Pay
Ohio group that took it over and then by the European group - Royal
Ahold - that took it over in the late 1980's. The latter organization
had all sorts of investigations going on, some of which resulted in
heavy fines and jail sentences.

Bad management...really bad management, and nothing to do with "union
problems."

You would know about bad management, bad accounting and bad business
practices in general. Pay your taxes and your debts deadbeat.

LOL

Greedy Restructuring Asshole (long)
 

On Wednesday, December 5, 2012 7:19:35 PM UTC-5, jps wrote:
On Wed, 5 Dec 2012 09:13:01 -0500, "Eisboch" wrote:







"Eisboch" wrote in message

m...



That's my story and I am sticking to it.



jps:



BTW ... in case you are wondering ... yes, I paid somewhere around

37% in capital gains taxes.

Should have waited a few more years before selling. :-)



You struck while the iron was hot. Smart move.


Smart move to default on his debts and not pay his taxes? Is that a liberal's take on his situation?

Greedy Restructuring Asshole (long)
 

On Wed, 5 Dec 2012 21:30:45 -0500, "Eisboch" wrote:



"jps" wrote in message
.. .


We see the world in a very similar way. I've built my company in the
same fashion but the dollar value of our product isn't as high, as
we're in corporate instead of defense.

----------------------------------------

Be careful of what you claim to have built. Not politically correct
now-a-days.

:-)

LMAO!

You gave us a great read. I hope your mom was alive to witness that. She'd have been mighty proud of
her little boy!