Interesting Op Ed piece by Paul Krugman

http://www.nytimes.com/2012/11/19/opinion/krugman-the-twinkie-manifesto.html?ref=opinion

So, in a time (1947-1973) where American family income doubled and unions/business owners were both considered equals and called "stakeholders" in the success of the business there was a 91% tax rate for the wealthiest one percent.

Hmmmm.

http://www.dailykos.com/story/2012/11/17/1162730/-Hostess-CEO-Received-300-Raise-Before-Bankruptcy

PACEDOG#1 wrote:http://www.nytimes.com/2012/11/19/opinion/krugman-the-twinkie-manifesto.html?ref=opinion

So, in a time (1947-1973) where American family income doubled and unions/business owners were both considered equals and called "stakeholders" in the success of the business there was a 91% tax rate for the wealthiest one percent.

Hmmmm.

Ah the good old days. I personally could care less if we tax the rich into oblivion but the era of time mentioned in the article is vastly different from the era we live in now.

Twinkie/Hostess/Wonderbread management FAILED to evolve the company to keep up with the times. People are much more aware today of the harmful effects to themselves and their families of ingesting junk food. The opportunity was there to improve the product; management decided to ignore market trends, which any businessperson knows is perilous. Executive compensation should at least have some relevance to the success of the business...for all stakeholders, including customers.