Twinkies are dead! - Page 13 - Triumph Forum: Triumph Rat Motorcycle Forums
» Main Menu

Discussion Forums
 » Twins
 » Tiger
 » General
 » RAT

Features
 » Blogs

Motorcycle.com Links

Contribute
 » Photo

Motorcycle Forums
» Insurance
» Sponsors
» Our Partners
»ATV Reviews
»Motorcycle Games

Biker Hang-Out The Biker Cafe' at the end of the Universe. C'mon in, we talk everything about motorcycles on Earth and beyond.


Sponsored by: Motorcycle Accessory Discount Superstore

Reply
 
LinkBack Thread Tools Display Modes
Old 11-19-2012, 07:25 PM   #121 (permalink)
Senior Member
Moto Grand Prix
Main Motorcycle: 1995 Daytona 1200
 
SlowPocono's Avatar
 
Join Date: Jul 2006
Location: northeast Pennsylvania
Posts: 2,723
Other Motorcycle: 1979 T140E, '06 Scrambler
Extra Motorcycle: 851 Sprbk, YZF R-1, SV650
B.T.W. That was Gentleman Jack talking, not me.
__________________
When you are dead, you don't know that you are dead.
It is difficult only for the others.
It is the same when you are stupid
SlowPocono is online now   Reply With Quote Quick reply to this message
Sponsored Links
Advertisement
 
Old 11-19-2012, 07:25 PM   #122 (permalink)
Banned
Moto Grand Prix
Main Motorcycle: 1958 Norton Nomad
 
Join Date: May 2004
Location: Robson, West Kootenays, BC
Posts: 2,731
Other Motorcycle: 2000 Triumph TBS
Quote:
Originally Posted by HAP View Post
Faux News? You know they are even less credible than MAD magazine, right?
Greaser is offline   Reply With Quote Quick reply to this message
Old 11-19-2012, 08:45 PM   #123 (permalink)
Lifetime Premium
Site Supporter
Pole Position
Main Motorcycle: 2010 Bonneville T100
 
Join Date: Mar 2010
Location: Philadelphia, PA USA
Posts: 3,265
Other Motorcycle: 2007 150cc Retro-scooter
Quote:
Originally Posted by BMK9251 View Post
Yes, until you find another job. OR simply become a martyr for the union cause which will leave you by an empty barrel of burning wooden pallets at the curb side of a closed plant in Winter.

Bottom line: When they call you on your threat to walk out it is game over. So the scraps will keep you alive long enough to find something else.
And yet, you have nothing bad to say about the execs that actually caused this mess.

I've been working without a contract for five years now. We haven't struck because state law prevents the city from imposing new conditions upon us, as happened here. These execs gave themselves huge raises while not paying into the pension as they were legally obligated to do, then demanded huge wage cuts and concessions, and you are still saying it is the union. oy.

And now they are complaining about the cost to keep the company open while the process drags out, neglecting to tell us that the money being spent goes to THEM!
__________________
There is a fine line between "hobby", and "mental illness"
Owenbrau is offline   Reply With Quote Quick reply to this message
Old 11-19-2012, 08:50 PM   #124 (permalink)
HAP
Guest
 
Posts: n/a
Quote:
Originally Posted by Greaser View Post
Faux News? You know they are even less credible than MAD magazine, right?
You do realize they simply copy all the far left, progressive rags and regurgitate what has already been printed?


http://money.cnn.com/2012/11/19/news...source=cnn_bin Just to prove all unbelievable news doesn't come from just the right loonies, here is some left wing loony news.

Last edited by HAP; 11-19-2012 at 08:56 PM.
  Reply With Quote Quick reply to this message
Old 11-19-2012, 08:54 PM   #125 (permalink)
Super Moderator
Site Supporter
Legend
Main Motorcycle: Tiger 955i
 
Haggis's Avatar
 
Join Date: Sep 2003
Location: Alberta, Canada
Posts: 11,649
Other Motorcycle: Sprint RS
Quote:
Originally Posted by Baltobonneville View Post
I'm not sure how many people know the pattern with many of these takeovers by private equity funds:

Buy the struggling company cheap, have all employees except management sacrifice wages and benefits and suffer layoffs to keep it "viable". Pay outrageous sums to management for outstanding work to keep company going, and charge massive fees for financial advisory services.

Take out massive loans allegedly to improve the company and make it viable, continue with the givebacks and layoffs for employees and the massive salaries and bonuses for managers. Charge massive fees for advisory services and for arranging the loans. At the same time, split the company into profitable and unprofitable divisions, and sell off the profitable parts. Charge massive fees for this expertise.

Declare bankruptcy to get out from the huge loans, continue with more givebacks and layoffs by employees and more money for managers to carry the company through bankruptcy. Charge massive fees for advisory services and "helping" the company through bankruptcy.

Repeat a couple more times if possible (think airlines). When the scam doesn't work anymore, or the employees balk, close up shop. Charge massive fees for advisory services. If the company doesn't close, it has been radically restructured by reducing employee wages and benefits to much less than they were before.

In the end, nothing has been accomplished, but the private equity fund has sucked millions out and made a handsome profit for its "investment", and its accomplices in management have been paid very well, while the company has gone out of business and the workers have lost their jobs. Blaming it on the unions is just the icing on the cake.

This is the playbook for vulture capitalism. It's massive legalized theft and fraud. Some companies can't continue in business because their markets have changed, but they don't have to be terminated like this.
This is correct.
Haggis is offline   Reply With Quote Quick reply to this message
Old 11-19-2012, 08:55 PM   #126 (permalink)
Mockerator
Site Supporter
Team Owner
Main Motorcycle: 2006 Thruxton
 
jonkster's Avatar
 
Join Date: Jan 2009
Location: Sydney, Australia
Posts: 5,017
Other Motorcycle: 1971 T120
Extra Motorcycle: Ossa 6 day replica
Quote:
Originally Posted by HAP View Post
You do realize they simply copy all the far left, progressive rags and regurgitate what has already been printed?
oh

well, I guess that means I won't be buying MAD magazine any more then.
__________________
stumble trip stumble trip
jonkster is offline   Reply With Quote Quick reply to this message
Old 11-19-2012, 08:58 PM   #127 (permalink)
HAP
Guest
 
Posts: n/a
Quote:
Originally Posted by jonkster View Post
oh

well, I guess that means I won't be buying MAD magazine any more then.

It will make hair grow on the palms of your hands reading that stuff.
  Reply With Quote Quick reply to this message
Old 11-19-2012, 09:26 PM   #128 (permalink)
Senior Member
Moto Grand Prix
Main Motorcycle: 05 Honda VFR Interceptor
 
UnklFungus's Avatar
 
Join Date: Mar 2011
Location: Moorpark, Ca
Posts: 2,760
Extra Motorcycle: 1980 Yamaha IT125
Quote:
Originally Posted by Baltobonneville View Post
I'm not sure how many people know the pattern with many of these takeovers by private equity funds:

Buy the struggling company cheap, have all employees except management sacrifice wages and benefits and suffer layoffs to keep it "viable". Pay outrageous sums to management for outstanding work to keep company going, and charge massive fees for financial advisory services.

Take out massive loans allegedly to improve the company and make it viable, continue with the givebacks and layoffs for employees and the massive salaries and bonuses for managers. Charge massive fees for advisory services and for arranging the loans. At the same time, split the company into profitable and unprofitable divisions, and sell off the profitable parts. Charge massive fees for this expertise.

Declare bankruptcy to get out from the huge loans, continue with more givebacks and layoffs by employees and more money for managers to carry the company through bankruptcy. Charge massive fees for advisory services and "helping" the company through bankruptcy.

Repeat a couple more times if possible (think airlines). When the scam doesn't work anymore, or the employees balk, close up shop. Charge massive fees for advisory services. If the company doesn't close, it has been radically restructured by reducing employee wages and benefits to much less than they were before.

In the end, nothing has been accomplished, but the private equity fund has sucked millions out and made a handsome profit for its "investment", and its accomplices in management have been paid very well, while the company has gone out of business and the workers have lost their jobs. Blaming it on the unions is just the icing on the cake.

This is the playbook for vulture capitalism. It's massive legalized theft and fraud. Some companies can't continue in business because their markets have changed, but they don't have to be terminated like this.
This sounds eerily similar to what the "Federal Reserve" has done with our country. Read the history of the Fed, this is almost exactly what they have done to the U.S.A.
__________________
Videat veritatem
See the truth


UnklFungus is offline   Reply With Quote Quick reply to this message
Old 11-19-2012, 09:28 PM   #129 (permalink)
Lifetime Premium
Site Supporter
Pole Position
Main Motorcycle: 2010 Bonneville T100
 
Join Date: Mar 2010
Location: Philadelphia, PA USA
Posts: 3,265
Other Motorcycle: 2007 150cc Retro-scooter
I've read it. You're wrong.
__________________
There is a fine line between "hobby", and "mental illness"
Owenbrau is offline   Reply With Quote Quick reply to this message
Old 11-20-2012, 02:07 AM   #130 (permalink)
Senior Member
Moto Grand Prix
Main Motorcycle: 05 Honda VFR Interceptor
 
UnklFungus's Avatar
 
Join Date: Mar 2011
Location: Moorpark, Ca
Posts: 2,760
Extra Motorcycle: 1980 Yamaha IT125
Quote:
Originally Posted by Owenbrau View Post
I've read it. You're wrong.
How am I wrong? They own nothing, yet they charge interest on loans they make with our own money. They write loans on homes they don't own, then they repossess them. The above is exactly what they are doing as they consolidate their hold over our country by crashing the value of our dollar and indebt us to our own money.

Maybe you and I have read different histories of the Fed, but everything I have read proves that they were created in secret, yet gained unlimited control of a power Constitutionally given to Congress and are directly behind every crash of our markets.

We had a currency based on something real, i.e. gold and now we have a fiat currency based on whatever they say it's worth, with no actual value attached to it. Based on the Full Faith and Credit of the United States, which is under risk of further degradation. A total coup by a few bankers that have played us for suckers and made untold riches from it.

Federal Reserve is neither Federal nor a Reserve. It is a private banking cartel, nothing more. Given a power that is only supposed to be held by Congress.
__________________
Videat veritatem
See the truth


UnklFungus is offline   Reply With Quote Quick reply to this message
Sponsored Links
Advertisement
 
Reply

Quick Reply
Message:
Options

Register Now

In order to be able to post messages on the Triumph Forum: Triumph Rat Motorcycle Forums forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
User Name:
If you do not want to register, fill this field only and the name will be used as user name for your post.
Password
Please enter a password for your user account. Note that passwords are case-sensitive.
Password:
Confirm Password:
Email Address
Please enter your valid email address, that can receive an automated confirmation message. Otherwise, you won't be able to gain full access.
Email Address:

Log-in

Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
I'm not dead yet Old Scratcher Biker Hang-Out 89 01-29-2012 08:51 AM
Two Dead Ignitor Boxes Or Three Dead Coils? phpbiker T3 Sport / Touring Forum 9 02-07-2010 05:29 PM
Dead 96 D12 pathunderbird Daytona Deliberations 1 03-04-2009 04:18 AM
Anyone for Twinkies? HiDesert Biker Hang-Out 5 12-24-2008 01:43 PM
NH Togas-Will they wake the dead? (or almost dead) johnnyb84 Twins Technical Talk 32 01-15-2008 12:37 AM

Powered by vBadvanced CMPS v3.2.2

All times are GMT -4. The time now is 11:35 AM.



Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0
Motorcycle News, Videos and Reviews
Honda Grom Forum Harley Davidson Forum Honda 600RR Kawasaki Forum Yamaha R6 Forum Yamaha FZ-09 Forum
1199 Panigale Forum Roadglide Forum Honda CBR1000 Forum Vulcan Forum Yamaha R1 Forum Yamaha R3 Forum
Ducati Monster Forum Harley Forums Honda CBR250R Forum ZX10R Forum Star Raider Forum Yamaha Viking Forum
Suzuki GSXR Forum V-Rod Forums Honda Shadow Forum Kawasaki Motorcycle Forum Star Warrior Forum KTM Duke 390 Forum
SV650 Forum BMW S1000RR Forum Honda Fury Forum Kawasaki Versys Forum Drag Racing Forum Ducati 899 Panigale Forum
Suzuki V-Strom BMW K1600 Triumph Forum Victory Forums Sportbikes BMW NineT Forum
Volusia Forum BMW F800 Forum Triumph 675 Forum MV Agusta Forum HD Street Forum Suzuki GW250 Forum
Yamaha Motorcycles Victory Gunner Forum Honda Vultus Forum HD LiveWire Forum Ninja H2 Forum

Garage Plus vBulletin Plugins by Drive Thru Online, Inc.