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View Diary: Inside the Hostess Bankery (260 comments)

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  •  This is the general story of several companies (0+ / 0-)

    I worked for over the first half of my working life. (Only without the bread and baked goods.)

    Basically, the Bain model is the American model. The investor and CEO class rides a kind of carousel of companies over and over again, just switching horses with each ride.

    Each time around, they take a hacksaw and carve up more and more of the horses, artwork, and carousel, pocketing it for themselves even though they can't possibly have much use for it.

    A crowd of naked, filthy, idiot Americans surrounds the ride, but doesn't ever get a spin, watching the investors and CEOs hack the carousel crudely to shreds and pocket the parts. The crowd cheers continuously and excitedly.

    Faster than anyone imagines possible, the carousel has been turned into a remnant pile of oily junk, with all of the prettiest and best parts gone and pocketed. It doesn't even go around anymore.

    Then all of the investors and CEOs jump off, win a bunch of awards for performance and improving everyone's quality of life, issue a press release about making the horses and carousel better than ever and about the American Dream, and then move onto the next carousel, once again switching horses continuously and madly hacking off and pocketing the parts, while a new crowd watches.

    I try to be more measured than to think of CEOs and profession investors as human scum. But sometimes it's hard.

    -9.63, 0.00
    I am not a purity troll. I am a purity warrior.

    by nobody at all on Mon Nov 19, 2012 at 06:34:30 AM PST

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