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View Diary: BREAKING: Hostess Brands to close as revenge for the striking workers standing up for their rights (351 comments)

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  •  Doc2, I've been following this story for awhile (4+ / 0-)

    many of the commenters and links have it right. It's mostly a Bain style vulture job where management has run the company into the ground and is now blaming the unions. It may, in fact, be true that Hostess can't afford to pay it's labor, but, if that is the case, it would mostly be due to the massive amount of capitol required to maintain its debt service, the principle of which went to managements self-raised salaries, armies of fellow 0.1% consultants, etc. etc.

    •  but even if all the blame for the company's (0+ / 0-)

      predicament was due to mgmt incompetence, I hope the employees made the right calculation when calling the owners bluff.

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