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Think the Union was to blame for the Hostess bankruptcy?? (Original Post) DainBramaged Feb 2013 OP
Yes, the CEO's headed for the lifeboats customerserviceguy Feb 2013 #1
Junk food still sells plenty. thesquanderer Feb 2013 #6
No, I never did. WinkyDink Feb 2013 #2
I know you wouldn't DainBramaged Feb 2013 #3
kr. another in the annals of 'crimes of capitalism'. HiPointDem Feb 2013 #4
Even if the execs had not gotten those raise/bonuses... thesquanderer Feb 2013 #5
Selling off and saddling the company with like 80% of the sale cost is what did it. Sirveri Feb 2013 #7
Plain old unbridled corporate greed and mismanagement did it. hobbit709 Feb 2013 #8
the unions are a convenient scapegoat because we the people allow it thetruthhurtsforsome Feb 2013 #9

customerserviceguy

(25,183 posts)
1. Yes, the CEO's headed for the lifeboats
Tue Feb 19, 2013, 08:24 PM
Feb 2013

because they were the only ones who could see that selling sugary, no-nutrition "foods" had come to an end.

Please name me one product under the Hostess banner that you can find of any nutritional value, besides having empty calories. The ride had to come to an end sometime, and like I said, the big shots managed to push the little people out of the lifeboats, because they could see the sales figures.

thesquanderer

(11,992 posts)
5. Even if the execs had not gotten those raise/bonuses...
Tue Feb 19, 2013, 11:14 PM
Feb 2013

...hostess still would have declared bankruptcy.

No, I'm not saying it's the unions... but that graphic's "answers" to the question it poses are non-sequitors.

Sirveri

(4,517 posts)
7. Selling off and saddling the company with like 80% of the sale cost is what did it.
Wed Feb 20, 2013, 07:17 AM
Feb 2013

SOP for Vulture capitalists...

Buy a company using the company itself to pay out the people at the top. Harvest as much money before the company collapses due to debt for yourself, rinse and repeat.

hobbit709

(41,694 posts)
8. Plain old unbridled corporate greed and mismanagement did it.
Wed Feb 20, 2013, 07:26 AM
Feb 2013

As usual, the unions are a convenient scapegoat.

 
9. the unions are a convenient scapegoat because we the people allow it
Wed Feb 20, 2013, 08:36 AM
Feb 2013

the majority of Americans are now anti union thanks to 30 + years of GOP and Corporate Propaganda. Dems not pushing back much does not help either, neither does working people buying non-union products.

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