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View Diary: RIP: Hostess Brands, 1925-2012 (66 comments)

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  •  This is how America "works" now... (1+ / 0-)
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    A close friend of mine worked for a relatively small pharmaceutical company.  It was running successfully for a decade or so. It was bought out by investors several years ago.  Guess what?  They stopped marketing their most successful product, tried to get into a different type of medication entirely, and are now gone.  Gone, as in the once-profitable company was liquidated, and a couple hundred jobs lost.

    Now she works for a different medical company...owned by a bunch of investors.  She expects it will last 5 years before being liquidated.

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