Hostess Brands Says It Will Liquidate

[Admiral Yi]

The thing is... I think you understand this stuff

Nope.  He really believes what he posts.

[dps]

The thing is... I think you understand this stuff

Nope.  He really believes what he posts.

While I certainly don't take what apparantly now has been dubbed the Cdm "LOL CAPITOLITSTS" view of business--I understand that whoever takes over the remaining assests of a failed company wants to get maximum value from those assets--I also don't share the view that the very executives who lead the company into failure have such mad bizness skilz that you have to pay them top dollar and give them bonuses in order to get that maximum value.

[MadImmortalMan]

You can't turn a cruise ship on a dime, and big companies are like that too. It's too hard to judge the performance of the guy who only ran the company for the last couple years, even if he couldn't turn it around. He might have done the best possible job and still failed. Still doesn't mean he should get a billion dollar check when it's finally dead but hey.

[Razgovory]

I've made my point.  The GOPtards, vulture capitalist fanbois and other assorted groundings suckered by Wall Street know where I stand.

I'm part of the problem.

Of course.  You are what's called a "lick spittle".

[CountDeMoney]

The thing is... I think you understand this stuff

Nope.  He really believes what he posts.

While I certainly don't take what apparantly now has been dubbed the Cdm "LOL CAPITOLITSTS" view of business--I understand that whoever takes over the remaining assests of a failed company wants to get maximum value from those assets--I also don't share the view that the very executives who lead the company into failure have such mad bizness skilz that you have to pay them top dollar and give them bonuses in order to get that maximum value.

Yi believes in extremist capitalism, but not extremist opposition to it.

[Admiral Yi]

I believe in people disposing of their property as they see fit.  I believe the labor market should be grownups contracting freely, to achieve the best deal for themselves they can. 

I don't believe an employer is your daddy, or your mommy, or your feudal lord, or the tooth fairy.  I believe they are mercenaries, out for a buck, just like employees.

Is that extremist capitalism, or is there more to it than that?

[Tonitrus]

"We're all mercenaries!" doesn't sound very idealistic or romantic enough.

[Admiral Yi]

What's idealistic or romantic about waking up in the morning and punching in so you get money?

[dps]

What's idealistic or romantic about waking up in the morning and punching in so you get money?

There are people I'd be glad to wake up in the morning and punch for money, if it was legal and they weren't allowed to punch back.