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In reply to the discussion: if you ran hostess what would you do? [View all]Kolesar
(31,182 posts)31. You're answer made me LOL
Maybe it's the sugar high I'm on [font size = 4]![/font]
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OK. You're now losing 2MM plus whatever extra labor costs you incur per week. What next?
dmallind
Nov 2012
#9
The company is already in debt to the tune of $700mmillion....to private equity firms...
Sekhmets Daughter
Nov 2012
#55
The company was bought by a vulture capital firm whose only plan was to bankrupt and dismantle the
SubgeniusHasSlack
Nov 2012
#24
Shut everything down, license the label to a Mexican bakery company, retire
Brother Buzz
Nov 2012
#14
Hire rogue intelligence agents to bring down my competitors through several...
Comrade_McKenzie
Nov 2012
#29
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
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
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
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
Agreed! Chocodiles were magical. I put one in our swimming pool one day & the waters parted
Bad_Ronald
Nov 2012
#68