General Discussion

AlexSatan

(535 posts)

62. Because the creditors have already given

Fri Nov 16, 2012, 03:15 PM

Nov 2012

something of value and are just hoping to get some of it back.

The employees have already been reimbursed for the time/labor they have given.

I guess there is nothing stopping those employees from opening their own company--but they will likely need creditors to make it happen.

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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