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In reply to the discussion: BREAKING: Hostess, the maker of Twinkies, Ding Dongs and Wonder Bread, is going out of business [View all]Lint Head
(15,064 posts)147. I love the movie Zombieland. This will forever change an aspect of this dialog.
Tallahassee: [discovers Hostess truck filled with Sno-Balls] Sno-Balls? Sno-Balls? Sno Balls? Where's the fucking Twinkies?
Columbus: I love Sno-Balls.
Tallahassee: I hate coconut. Not the taste, consistency.
Columbus: [eats a Sno Ball] Fresh.
Tallahassee: Oh, this Twinkie thing, it ain't over yet.
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BREAKING: Hostess, the maker of Twinkies, Ding Dongs and Wonder Bread, is going out of business [View all]
The Straight Story
Nov 2012
OP
That fine American institution of sugary snacks and horrible white bread going out of business!?
geckosfeet
Nov 2012
#1
hostess brands make wheat bread. that's a right wing talking point, which is why rush
HiPointDem
Nov 2012
#247
hostess also = nature's pride, colombo, and some others. they make wheat bread.
HiPointDem
Nov 2012
#248
Well I didn't hear it from them/him. But I did hear about the crappy pay packages Hostess was
geckosfeet
Nov 2012
#287
Yes they make Snowballs and Ho,Ho's didn't really like them, I only liked Ding Dong's
crunch60
Nov 2012
#246
I suspect that is their plan to liquidate and reacquire the trademarks and start a new company..
DCBob
Nov 2012
#62
But now they are liquidating. Correct? Which would mean converting to 7. No?
Hassin Bin Sober
Nov 2012
#297
Not since there are far better snack available pretty much anywhere you look...
WCGreen
Nov 2012
#141
... and all because they'd rather pay executives exorbitant salaries ...
surrealAmerican
Nov 2012
#5
This isn't a JOKE. The REST of the story involves the Bakers' Union, fair compensation, and Wall St.
WinkyDink
Nov 2012
#6
Yep....that's the real story. The workers won't knuckle under, so the owners are taking....
OldDem2012
Nov 2012
#15
Well, you did bother responding to me, so I'm guessing the answer to your rhetorical is "yes".
DisgustipatedinCA
Nov 2012
#280
Maybe you should learn a little more about what was going on before attacking
sabrina 1
Nov 2012
#293
Top 4 Hostess executives have been making $1 per year since April, 2012. So do they
kelly1mm
Nov 2012
#143
oh, bull. that was a PR move after a court found they'd raised their own salaries 80%
HiPointDem
Nov 2012
#158
hostess stopped making payments to the pension fund last year. unilaterally. against
HiPointDem
Nov 2012
#156
you don't get diabetes (T2) from eating sugary foods. you get diabetes from eating too
HiPointDem
Nov 2012
#159
GOod Lord... Hostess and its fiber free highly processed white bread and sugary products are
hlthe2b
Nov 2012
#92
I don't think many here understand: this is another body blow to unions and the labor movement n/t
Bolo Boffin
Nov 2012
#13
they're too busy worrying about what other people eat. it's a democratic principle,
HiPointDem
Nov 2012
#161
yeah, it's too bad 20,000 people & their kids won't eat at all, but it's necessary
HiPointDem
Nov 2012
#167
That's right. Next step should be to put the tobacco companies out of business.
slackmaster
Nov 2012
#203
Unions are great, but the fact that a company that makes harmful products uses union labor...
slackmaster
Nov 2012
#218
there will be plenty of non-union companies who will step in to pick up the slack.
HiPointDem
Nov 2012
#226
so what other businesses do you propose be shut down for the sake of health and nutrition?
frylock
Nov 2012
#242
It's sad, but the truth is that their sales have been declining for a while...
reformist2
Nov 2012
#36
no, their hedge fund debt load was higher. the union gave them $110 million/year
HiPointDem
Nov 2012
#221
yes, purposely loading up on hedge fund debt, accounting fraud & looting can do that.
HiPointDem
Nov 2012
#227
Yep, and always people who don't understand economics trying to make economic points.
cbdo2007
Nov 2012
#240
lol. "The whole business was about maximizing debt, extracting cash, cutting head
HiPointDem
Nov 2012
#241
The first sign you've lost an argument is when you start the personal attacks. That's
HiPointDem
Nov 2012
#275
"expenses" = all the debt the vulture hedge funds loaded them up with, plus a soupcon
HiPointDem
Nov 2012
#217
It'd be nice if the unions could buy them out and run it like the Alvarado Street Bakery... nt
Comrade_McKenzie
Nov 2012
#41
Get the word out, folks: This is the owners framing the unions for the demise of the company.
Bolo Boffin
Nov 2012
#57
They DID. No 'maybe' about it. They extracted $100 million in concessions from
HiPointDem
Nov 2012
#175
yeah, they can leave and go out to look for a job in an environment of 8% unemploy-
HiPointDem
Nov 2012
#185
unfortunately, your case is not the norm. most people who are laid off get reemployed
HiPointDem
Nov 2012
#214
bull. the company got $100 million/year in concessions from the union in 2009, then
HiPointDem
Nov 2012
#182
Amen to that - equity firms are one of the single biggest evils facing the world right now.
Initech
Nov 2012
#163
CEO, just now on CNBC: "30% of workforce responsible for 18,500 out of a job".
HughBeaumont
Nov 2012
#71
No, the truth is that management is responsible for 100% of the decision to liquidate the company.
leveymg
Nov 2012
#80
It's actually privately held, according to Wikipedia, although it may
coalition_unwilling
Nov 2012
#113
+1. and i'll bet that was a higher-paid worker, as the media generally chooses some-
HiPointDem
Nov 2012
#191
the company had over $2 billion in revenues in 2008. They're the biggest company
HiPointDem
Nov 2012
#196
Hostess was cobbled together out of many mergers; there is probably no advantage to scale anymore
FarCenter
Nov 2012
#101
Personal bankruptcy after being laid off from a job where I reported on corporate bankruptcy
FightForMichigan
Nov 2012
#177
+1. and concurrent with the raises, they suspended payments to the workers'
HiPointDem
Nov 2012
#199
Same old story: the executives steal it for themselves while the employees suffer
Initech
Nov 2012
#124
Doubt you'd have much success with that. They've been in Chapter 11 since January.
Kablooie
Nov 2012
#197
It's unfortunate they couldn't come to a workable deal that included production of better foods
slackmaster
Nov 2012
#138
hostess has gone through two bankruptcies since 2004 in order to shed workers &
HiPointDem
Nov 2012
#146
I love the movie Zombieland. This will forever change an aspect of this dialog.
Lint Head
Nov 2012
#147
According to Wikipedia, the company is privately owned. So there are
coalition_unwilling
Nov 2012
#166
regardless, $2+ B in revenues in 2008. so that's a damn big market, & hostess is the
HiPointDem
Nov 2012
#269
After living in the South for 13 years, I have been converted to Little Debbie's
aikoaiko
Nov 2012
#232
I'm sure there were no chickens harmed in the making of my Swiss Rolls or Christmas Tree cakes
aikoaiko
Nov 2012
#256
My first thought was that the closing of this business has nothing to do with the
INdemo
Nov 2012
#237
Funny, DUers were all over mitt romney for the same stuff, now some are defending
HiPointDem
Nov 2012
#238
More corporate raiders and labor rapists looking to blame unions for their woes. You
rDigital
Nov 2012
#261