The Motley Fool Discussion Boards

Previous Page

Investment Analysis Clubs / Macro Economic Trends and Risks


Subject:  Pot of gold Date:  11/17/2012  10:53 AM
Author:  yttire Number:  408771 of 501338

Hostess is going out of business.

Some blame the unions for not being willing to make concessions. Most of the unions had broken, but the bakers union would not yield.

Some blame the management, for a series of CEO's who each walked off with millions, or else awarded themselves millions, to sit in endless meetings with the unions knowing they would dismantle the company and sell off the brands without a pension obligation if it went south. They were winners either way, and are taking their Twinkie and eating the filling too.

I think it is fair to blame both parties. Both parties were seeking their best interest, as they saw it, and both got it. The employees unfortunately, will not fare as well.

The management walked off with millions, and the unions wh