What a shame... Unions sure know how to keep people employed 
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No more Twinkies - Hostess finally went under...
- Thread starter Rod
- Start date
Thumper68
Member
[sup]Ain't that a fact. Oh well someone will step and buy the brand. [/sup]
Not A Nice Person
Pink.
It's not the union. This might be verging on political commentary, and I certainly don't want to break the rules of proper decorum, but Hostess got sunk by Bain style vulture capitalism---unions made all KINDS of drastic concessions in Hostess' FIRST bankruptcy, and the equity firms that had taken it over responded by giving the CEO a 300% salary increase and doubling the salaries of another 9 top execs . . . while they were in their SECOND bankruptcy.
There's a lot of noise and propaganda in the media these days that wants to blame unions for shit, but when you really look, it's not usually the unions at fault---it's somebody wanting to stripmine more dollars out of an enterprise than are actually in there. In 'Goodfellas' it was called a bustout . . . on Wall Street it's called "good business."
We want a future for our kids, we need to think about what built the present for US. It surely wasn't corporate executives with our best interests at heart. Power concedes nothing without a demand.
~Boar
There's a lot of noise and propaganda in the media these days that wants to blame unions for shit, but when you really look, it's not usually the unions at fault---it's somebody wanting to stripmine more dollars out of an enterprise than are actually in there. In 'Goodfellas' it was called a bustout . . . on Wall Street it's called "good business."
We want a future for our kids, we need to think about what built the present for US. It surely wasn't corporate executives with our best interests at heart. Power concedes nothing without a demand.
~Boar
ilikefishes
Well-Known Member
+1, I could not have said it better.
Backslide
RASCClicious
I well refrain from commenting on the false statements above out of respect for the no politics rule.
Sorry guys, didn't mean to create a political discussion. I'll reserve further comment on my opinion of unions, which were formed based upon facts and personal experiences.
badwhale
New Member
Twinkies suck anyway. Who cares?
sar127
theBIGindian
Not a political link, just an econ lesson on how Leveraged Buyout (LBO) firms actually work, for those interested:
http://www.youtube.com/watch?v=mfIEQryzvJ8
http://www.youtube.com/watch?v=mfIEQryzvJ8
Not A Nice Person
Pink.
These are all facts on the ground. You can look them up for yourself. Out of respect for the rules, I will refrain from commenting further.
~Boar
NASTY
Cold Fire
drunkfish3
Angry Fish
Fishin345
Member
X2 as it’s my father as well. It sucks that so many people lose their jobs when a year ago when they filed
bankruptcy the executive team got a 80% pay increase while they were in
bankruptcy. The whole situation just sucks.
Devil Doc
When Death smiles, Corpsmen smile back
No Political comment.
Aren't twinkies two polymers away from being plastic bags? Healthy American food!
You see some of the pictures of the people buying the store out of 'em- do they really need another! We are sunk, get me to Costa Rica!
Aren't twinkies two polymers away from being plastic bags? Healthy American food!
You see some of the pictures of the people buying the store out of 'em- do they really need another! We are sunk, get me to Costa Rica!
CMontoya79
Newb Le professional!
Many companies are in the works to buy the brands/recipies, they will resurface in a matter of time. I stand nor for the unions, nor the executives, but with a little research it is clear to see why a company such as this could not survive. To find blame,well, just look at who walked away from this with financial stability and who didn't.
Setharsis
Boot'tye Zdorovy
Personally I like Hoho's better....black cylinders with a white creamy filling? What's not to like?
(that's what she said)
(that's what she said)
ilikefishes
Well-Known Member
Looks like the Union is going to give in and the brand will survive. Guess it is business as usual.
Not A Nice Person
Pink.
So . . . here's a "New Coke Gambit" conspiracy theory: Hostess, faced with massive debt from being taken over by vulture capitalists, and from cashing out with huge salary increases for the CEO and VP, decides to drum up a little extra cash . . .
. . . by floating rumors that their plants are all closing, prompting a massive run on Twinkies, Ding Dongs, and Swiss Rolls from all the early stage Type 2 diabetes candidates out there. Also, stoners. :whistling:
Quick infusion of cash, good quarterly report, and then they go back to the mediation table like they knew they'd have to all along.
Just saying.
~Boar
. . . by floating rumors that their plants are all closing, prompting a massive run on Twinkies, Ding Dongs, and Swiss Rolls from all the early stage Type 2 diabetes candidates out there. Also, stoners. :whistling:
Quick infusion of cash, good quarterly report, and then they go back to the mediation table like they knew they'd have to all along.
Just saying.
~Boar
jfields
Where did all my money go?
Funny! I was thinking the same thing Boar.
LilBastage
Meat is murder! Tasty, tasty murder.
We make our own Twinkies; they taste better and aren't chemistry experiments.
Hostess will be liquidated. Companies don't last forever...
Hostess will be liquidated. Companies don't last forever...