General Discussion

bulloney

(4,113 posts)

33. The greedy bastards at the top bleed the company dry and get out while the going's good.

Fri Nov 16, 2012, 02:42 PM

Nov 2012

Then, blame it on labor. And they'll have the MSM news stooges to back them up.

If these company executives were so brilliant, why did Hostess file bankruptcy? It's a crime that they received ANY payraise, let alone raises of the amounts listed above.

How many other times have we seen this? It reads like something out of a Mitt Romney playbook.

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Highlight:

HOSTESS Spinning BOGUS Story: NO profitable company shuts down over a spat with labor. [View all] kpete Nov 2012 OP

Yet they could afford to do this........... thelordofhell Nov 2012 #1

OMG! What a bunch of greedy, slimy motherfuckers! Absolutely disgusting. kysrsoze Nov 2012 #2

A smash-and-grab. The 1% have killed the Twinkie for personal, short-term gain. Fire Walk With Me Nov 2012 #7

Disgusting. I hope the creditors continue to challenge those priorities. Overseas Nov 2012 #13

This message was self-deleted by its author TeeYiYi Nov 2012 #16

I don't know if Hostess was taken over by vulture capitalists, but... JohnnyRingo Nov 2012 #17

They were. Pab Sungenis Nov 2012 #26

Actually, IBC was the original Hostess company founded in 1930 railsback Nov 2012 #35

Wrong. Pab Sungenis Nov 2012 #37

well heaven05 Nov 2012 #22

Looters harun Nov 2012 #28

The greedy bastards at the top bleed the company dry and get out while the going's good. bulloney Nov 2012 #33

Yep PD Turk Nov 2012 #3

Wonder whether it may now be time for a replay of Flint 1937 - n/t coalition_unwilling Nov 2012 #4

Scanning the article 1KansasDem Nov 2012 #5

Unfunded pensions? They've been skimming the profit into executives' pockets. SharonAnn Nov 2012 #6

yeah, if you believe the *crap* coming out of corporate. the pensions are "unfunded" HiPointDem Nov 2012 #43

The bad management was hired by the Venture Firm that bought Hostess thelordofhell Nov 2012 #47

They've shut down their corporate website already. MineralMan Nov 2012 #8

I think they would have re-opened FreeBC Nov 2012 #9

they've been looting it for more than 10 years, how much time do they need? HiPointDem Nov 2012 #44

Have they actually filed? SoapBox Nov 2012 #10

they announced this almost a year ago... iamthebandfanman Nov 2012 #11

Like blowing your head off to save money on aspirin. JohnnyRingo Nov 2012 #12

+1 Johonny Nov 2012 #34

Their product has been just sucky in the last few years. EC Nov 2012 #14

I much prefer Bimbo these days. kentauros Nov 2012 #23

uh -- mexico cheap labor non-union HiPointDem Nov 2012 #45

Okay, well, not everyone's perfect :) kentauros Nov 2012 #52

Same here - it's like eating plastic or something. DaveJ Nov 2012 #31

The bright side could be 2naSalit Nov 2012 #15

Let them go...Little Debbie & Entenmann's.. Historic NY Nov 2012 #18

little debbie = southern non-union 7th-day adventist chicken torturer HiPointDem Nov 2012 #46

Bad Management is right!! Illinoischick Nov 2012 #19

anothern "Bained" company. mulsh Nov 2012 #20

Where do you see the part about them being profitable?????? cbdo2007 Nov 2012 #21

Hostess was Bained Flatpicker Nov 2012 #24

+1. That term 'bained' ought to be in the Urban Dictionary. closeupready Nov 2012 #40

+1. but some democrats are only interested in 'baining' when it's done by the republican HiPointDem Nov 2012 #48

What kinda ding dongs are in charge there anyway? Blue Owl Nov 2012 #25

The Comic strip "Over The Hedge" has been doing story lines about the end of Twinkies alfredo Nov 2012 #27

All the silk mills in Paterson, NJ closed down at the turn of the century no_hypocrisy Nov 2012 #29

Twinkies are bullshit non-food libodem Nov 2012 #30

no Flatpicker Nov 2012 #32

ok libodem Nov 2012 #38

no worries Flatpicker Nov 2012 #42

True dat libodem Nov 2012 #50

no, it's not. & fyi sugar is a preservative. HiPointDem Nov 2012 #49

AgDay and WJHG-TV have weighed in on tsuki Nov 2012 #36

Probably, it was a foregone conclusion closeupready Nov 2012 #39

Hostess has filed bankrupcty twice. It was very poorly managed. dem4ward Nov 2012 #41

The reason they are shutting down is because it was found that savannah43 Nov 2012 #51

There sure is a lot CEO's crying in their soup about the Democratic process of this country. aandegoons Nov 2012 #53

This message was self-deleted by its author brokechris Nov 2012 #54

Hostess wasn't profitable. gmurnane Nov 2012 #55

Piss poor management! Not labor costs! B Calm Nov 2012 #56

that is how i saw it. i had been hearing about hostess woes way before now. agree and seabeyond Nov 2012 #57

Welcome to DU! hrmjustin Nov 2012 #58