General Discussion

Skidmore

(37,364 posts)

48. They reached this point for other reasons too.

Fri Nov 16, 2012, 02:53 PM

Nov 2012

People not buy as much of the product maybe? Other management choices? How flexible have they been in their business to problems? What was their relationship with their creditors? Some businesses just keep on doing the same old thing regardless and hope regression to the mean will save them.

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if you ran hostess what would you do? [View all] rdking647 Nov 2012 OP

Negotiate with your workers so you can get back to business. Tommy_Carcetti Nov 2012 #1

OK. You're now losing 2MM plus whatever extra labor costs you incur per week. What next? dmallind Nov 2012 #9

They reached this point for other reasons too. Skidmore Nov 2012 #48

First get rid of the management that got into this situation ? n/t PoliticAverse Nov 2012 #2

doesnt change things you still need 2m week. rdking647 Nov 2012 #5

Why do we assume zero access to credit? cthulu2016 Nov 2012 #42

Because the greedy lenders want to be repaid? FrodosPet Nov 2012 #49

The company is already in debt to the tune of $700mmillion....to private equity firms... Sekhmets Daughter Nov 2012 #55

What would YOU do? Ikonoklast Nov 2012 #3

my solution rdking647 Nov 2012 #13

Bust the union, in other words. Thought so. Ikonoklast Nov 2012 #20

+1 calico1 Nov 2012 #59

The company was bought by a vulture capital firm whose only plan was to bankrupt and dismantle the SubgeniusHasSlack Nov 2012 #24

that's what Romney did with all the businesses he "created" isn't it ? JI7 Nov 2012 #75

Everyone's salaries have already been cut. Robb Nov 2012 #26

That was after being caught Sekhmets Daughter Nov 2012 #52

Like this has worked every other time nadinbrzezinski Nov 2012 #27

Maybe not give myself a $1.5 million pay raise FightForMichigan Nov 2012 #4

so in other words you have nothing rdking647 Nov 2012 #6

If I repost my answer, would you read it this time? FightForMichigan Nov 2012 #10

Not what they've been doing, certainly. MineralMan Nov 2012 #15

Hostess is just the name joeglow3 Nov 2012 #28

You're answer made me LOL Kolesar Nov 2012 #31

The executives gave themselves Sekhmets Daughter Nov 2012 #56

Start an online request for a bailout from pot smokers (nt) The Straight Story Nov 2012 #7

I would be certain my executives were taken care of. Robb Nov 2012 #8

Organic Twinkies! LiberalEsto Nov 2012 #11

You can go ahead and eat the box the Twinkies come in AlexSatan Nov 2012 #19

I'd convert it over to making and marketing safe, nutritious snacks slackmaster Nov 2012 #12

and how will that save 2m a week rdking647 Nov 2012 #16

They would probably start losing 3-4 million per week, but I have a plan. slackmaster Nov 2012 #23

Would that plan involve pot smokers by any chance? Angleae Nov 2012 #73

You'd lose me as a customer AlexSatan Nov 2012 #21

That's OK, I've never liked you anyway. slackmaster Nov 2012 #25

:P AlexSatan Nov 2012 #60

Shut everything down, license the label to a Mexican bakery company, retire Brother Buzz Nov 2012 #14

I'd get very fat and die early. Kablooie Nov 2012 #17

I'd have to see the balance sheet and other financial statements. PufPuf23 Nov 2012 #18

Selling a sugary nutritionless product is a dead end ffr Nov 2012 #22

Hire rogue intelligence agents to bring down my competitors through several... Comrade_McKenzie Nov 2012 #29

I'd let it close, MrYikes Nov 2012 #30

Redesign, remarket and rebrand Taverner Nov 2012 #32

Given the financial situation as being reported, I would liquidate the company. Their business kelly1mm Nov 2012 #33

Sell the equipment to the workers for $1 and let them run it as a non-profit co-operative. limpyhobbler Nov 2012 #34

Where are they going to get the money to cover costs? onenote Nov 2012 #35

maybe they could get a bailout or something. limpyhobbler Nov 2012 #45

+ 1 no_hypocrisy Nov 2012 #36

They are currently in Bankruptcy. They cannot sell assets for $1 as creditors have secured kelly1mm Nov 2012 #37

but why is the creditor's right to debt collection more important than the worker's right to a job? limpyhobbler Nov 2012 #44

Because worker's don't have a right to a job under current BK law. Maybe that needs kelly1mm Nov 2012 #46

those laws suck. nt limpyhobbler Nov 2012 #47

Possibly, but then why would anyone lend a struggling company money? Honestly, would kelly1mm Nov 2012 #50

The needs of the community and the bakery workers should be considered during bankruptcy. limpyhobbler Nov 2012 #65

Ignoring the fact that this was already done twice, what else you got? Ikonoklast Nov 2012 #67

Because the creditors have already given AlexSatan Nov 2012 #62

Change the name to Bottomless, open bars, and sell beer. Tierra_y_Libertad Nov 2012 #38

Hand the reigns of the company over to a panel made up of the Workers Savannahmann Nov 2012 #39

I don't think the unions are at fault, either. randome Nov 2012 #40

If it is that easy AlexSatan Nov 2012 #63

I would bring back the Chocodile. Duh. cthulu2016 Nov 2012 #41

I know, right? Deep13 Nov 2012 #54

I would sacrifice several large Republicans to Cthulu. randome Nov 2012 #70

The vulture capitalists were planning to close Hostess & chop it up from the beginning. backscatter712 Nov 2012 #43

I'd read up on company history and post a longer, more insightful OP, that's what I'D do. WinkyDink Nov 2012 #51

One word: Chocodiles. nt Deep13 Nov 2012 #53

Agreed! Chocodiles were magical. I put one in our swimming pool one day & the waters parted Bad_Ronald Nov 2012 #68

Make a decent product. Cleita Nov 2012 #57

Fire top mgmt, save the cash leave it to mid tier mgrs to run the show. on point Nov 2012 #58

Exactly. Most likely they have been running everything all along Cleita Nov 2012 #66

First, I'd find out WHY I'm losing 2m a week IDoMath Nov 2012 #61

They weren't losing anything... Raine1967 Nov 2012 #64

At what point in time? PD Turk Nov 2012 #69

Well, given that we have basically zip info about the real inner workings of the conglomerate, Zorra Nov 2012 #71

Franchise and regionalize Spike89 Nov 2012 #72

set up some small bakeries around the country JI7 Nov 2012 #74

Where does your data come from? JoePhilly Nov 2012 #76

give up my 120 million in salary and stock options and perks ibegurpard Nov 2012 #77

Blamed myself for the fuck up I made. aandegoons Nov 2012 #78

What I would have done would have started 15 years ago jmowreader Nov 2012 #79

Get rid of upper management, get rid of B Calm Nov 2012 #80