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In reply to the discussion: Hostess wants pay executive bonuses while "liquidating" [View all]jmowreader
(50,557 posts)27. I don't know that the management would be that much help here
What you have in this case is two evergreen brands with very stale product lines - when was the last time Hostess created anything new? - a good distribution system and a string of worn-out bakeries thanks to a string of private equity transactions. Maybe this is the deal that finally proves to America there's no upside to the LBO business.(How close did we come to putting one of those assholes in the White House?)
Whoever buys Hostess has one initial task: develop - not buy and put your brand on, but invent from scratch - a totally new baked good that no one has ever seen before and everyone will love. New ownership, and products you can only buy from them, will reinvigorate Hostess.
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i would think more than likely they'll take the brands and make them elsewhere.
unblock
Nov 2012
#37
I am curious to see what the stockholders are going to get from this
ProgressiveProfessor
Nov 2012
#3
Too broke to continue business but doing well enough to pay bonuses. Sounds like banksters.
nc4bo
Nov 2012
#5
Hostess said it wants to pay as much as $1.75 million in incentive bonuses to 19 senior managers
FogerRox
Nov 2012
#12
sorry but, that doesn't mean what you think it means -- liquidation bonuses are not the same "salary
nashville_brook
Nov 2012
#32
They did triple the salaries, backed off when caught. Now they want bonuses.
DirkGently
Nov 2012
#38
Democrats are just as capable of participating in disaster capitalism as Repubs.
nashville_brook
Nov 2012
#23
YES, SOME effort was made to actually SAVE the Company by a bankster with a DEM style. Wonderful.
Tigress DEM
Nov 2012
#72
Aren't these the jerks that are cutting pensions through the bankruptcy? Asshats. nt
Mnemosyne
Nov 2012
#22
same with U.S. domestic airlines...CEOs get big chunk of the equity as part of the bankruptcy langua
amborin
Nov 2012
#30
All the people griping about unions have suddenly fallen strangely silent. Weird.
ck4829
Nov 2012
#58
Tell me. What is the downside of hiring cheaper, less experienced executives here?
Canuckistanian
Nov 2012
#68