That's unconscionable, IMO. WTF doesn't Chapter 11 require a freeze on compensation, or a COLA limit?The executives got an 80% pay hike in 2011, while in Chapter 11 bankruptcy.
Wow.
As a college kid I once pulled the pink coconut covering off a Sno-Ball so I could eat the cake first, and the covereing next. Lo and behold when I did I found the cake was really just an upside-down Hostess Cupcake, sans icing.
Right then two things occurred to me: a), I guess this is where the cupcakes with dings and blemishes end up, and b), this is a pretty slick way use "everything but the squeal" (as we say down South); with thinking like this, these guys will always make money.
I appear to have been right about the first point, and wrong about the second.
Why Obamacare? Particularly with a unionized workforce, the cost of offering insurance is absolutely through the roof. That was in play long, long before Obamacare.
Jokes on the hoarders when their twinkies go bad in a month or so. Unless they decide to eat that many in a month, which certainly isn't a good idea either.
I'm sorry, but I have yet to meet a bureaucrat in any state or country who had the first clue about what they were doing and I prefer to trust my own judgement when it comes to matters involving my money, my business and my personal life.
And it will only get worse, so why would anyone in his/her right put up with it. Get out while you can and since "the people" have spoken that they want Big Government, then by all means let Big Government figure out how to help all the newly unemployed and underemployed that will come along as businesses figure out it isn't worth it anymore.
I have yet to meet a bureaucrat in any state or country who had the first clue about what they were doing
Woo-hoo for the fortune we will make from cross-border shoppers, and indeed, why wouldn't the Canadian companies who sell prescription drugs to Americans on-line not carry Twinkies, etc, as well? Bricks-and-mortar drug stores do!Twinkies will still be available in Canada as all Hostess products are licensed by Saputo here. Although the only Hostess products I've seen on the local storeshelves have been Ruffles and Wonderbread.
I gather that the 'Grand Plan' is to sell off the Hostess Assets, so some other outfit will by the license for Twinkies, etc, and carry right on, probably in the same plants, with the same people (right after they get rid of the unions, and roll back the wages).
This is what I think is going to happen. The Twinkie, ho-ho names are too popular to let go to waste.
... quite possibly so. Makes sense. Will pose a question though. Have there been large companies in the past that have folded, w/o resurrected offshoots? If so, then Hostess may go the way of the dodo bird too despite its enormity.
... quite possibly so. Makes sense. Will pose a question though. Have there been large companies in the past that have folded, w/o resurrected offshoots? If so, then Hostess may go the way of the dodo bird too despite its enormity.