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Bob1968

Bob1968
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  • Hostess officially closes down its business and lays off all 18.5K of its employees. Though the company blames a national strike by workers as crippling its efforts to emerge from bankruptcy, a lineup of brands decidedly off-trend also contributed. Will a major food player such as Grupo Bimbo (GRBMF.PK), Hillshire Brands (HSH), Flowers Foods (FLO), or Post Holdings (POST) take a stab at buying out well-known names such as Wonder Bread, Ding Dongs, or Twinkies from the Hostess rubble? [View news story]
    This company was so poorly managed at the executive level, union workers could have worked for free and the company still would have been broke. Hannity and Limbaugh have brainwashed so many of you to blaim the unions, always the unions, and to never question the decisionmakers who control the company....the executives. Executives of this company gave themselves an 80% pay increase right before the bankruptcy. Let's blame the white collar Bain-style criminals who destroyed this company....it wasn't the unions.
    Nov 22, 2012. 02:41 PM | Likes Like |Link to Comment
  • Hostess officially closes down its business and lays off all 18.5K of its employees. Though the company blames a national strike by workers as crippling its efforts to emerge from bankruptcy, a lineup of brands decidedly off-trend also contributed. Will a major food player such as Grupo Bimbo (GRBMF.PK), Hillshire Brands (HSH), Flowers Foods (FLO), or Post Holdings (POST) take a stab at buying out well-known names such as Wonder Bread, Ding Dongs, or Twinkies from the Hostess rubble? [View news story]
    Incompetent management/executive figures gave themselves an 80% salary increase right before bankruptcy than turned around and blamed unions for the collapse of the company. Union workers at Hostess could have worked for nothing and the company would still be broke....blame unions all you want, there are no signs the executives at this company could even manage to pick their noses and wipe their butts with any proficiency, let alone manage this company to profitability. This corporation was mismanaged to death by ignorant duds...notice other corporations have shown zero interest in hiring these pathetically underqualified executive pretenders.
    Nov 22, 2012. 02:41 PM | Likes Like |Link to Comment
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