Another great reason to not believe most internet/Facebook memes!
This meme is making the rounds on Facebook today courtesy of a Facebook page called "We Survived Bush. You will survive Obama."
It makes some big claims that seem pretty outrageous, even if you do buy into the idea that all CEOs are evil and greedy.
So I did my own research.
Here are the facts (and unbiased facts at that. I don't like Twinkies or Wonder Bread. But I do love Hohos.)-
1. Yes, in January of 2012, several of the execs asked for pay raises, including then CEO Brian Driscoll, who asked for a $1.5 million raise.
2. The motion (to the board) DID NOT PASS.
3. Brian Driscoll left the company in March.
4. The current CEO is Greg Rayburn. He makes $100,000/month.
5. In September, during the bankruptcy proceedings, the Teamsters agreed to major concessions, including cuts in wages and company contributions to health care. As part of the deal, all of the company’s unions were to receive a 25 percent share of the company’s stock and a $100 million claim in bankruptcy.
This meme is making the rounds on Facebook today courtesy of a Facebook page called "We Survived Bush. You will survive Obama."
It makes some big claims that seem pretty outrageous, even if you do buy into the idea that all CEOs are evil and greedy.
So I did my own research.
Here are the facts (and unbiased facts at that. I don't like Twinkies or Wonder Bread. But I do love Hohos.)-
1. Yes, in January of 2012, several of the execs asked for pay raises, including then CEO Brian Driscoll, who asked for a $1.5 million raise.
2. The motion (to the board) DID NOT PASS.
3. Brian Driscoll left the company in March.
4. The current CEO is Greg Rayburn. He makes $100,000/month.
5. In September, during the bankruptcy proceedings, the Teamsters agreed to major concessions, including cuts in wages and company contributions to health care. As part of the deal, all of the company’s unions were to receive a 25 percent share of the company’s stock and a $100 million claim in bankruptcy.
