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General Discussion

Lasher

(27,541 posts)

2. Info about the Hostess Brands (it's not the unions)

Reply to littlewolf (Original post)

Tue Nov 20, 2012, 10:01 AM

Nov 2012

This isn't an old established company that has run into trouble after years because of the nasty unions. It is an overleveraged venture capitol op. that has been in bankruptcy for most of it's existence.

http://www.democraticunderground.com/10021833868

Hostess wants pay executive bonuses while "liquidating"

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I have a question IRT the Hostess situation. [View all] littlewolf Nov 2012 OP

The owners put the company very deep in debt, Lars39 Nov 2012 #1

Not the owners. Lasher Nov 2012 #3

It went "private" after the first bankruptcy.. Sekhmets Daughter Nov 2012 #5

Info about the Hostess Brands (it's not the unions) Lasher Nov 2012 #2

Depends on how smart they are... Sekhmets Daughter Nov 2012 #4

They went Chapter 11 four times. The end was coming and everyone knew it. HopeHoops Nov 2012 #6

actually it looks like it will go to a Mexican company. littlewolf Nov 2012 #7

Yeah, big shock there. HopeHoops Nov 2012 #10

I understand what your saying about littlewolf Nov 2012 #8

*Corporate* media is part of the union-busting efforts going on in the country right now. Lars39 Nov 2012 #9

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