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View Diary: Inside the Hostess Bankery (260 comments)

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  •  Teamsters negotiated for a 25% equity stake (2+ / 0-)
    Recommended by:
    VClib, lonespark
    •  25% of nothing (4+ / 0-)
      Recommended by:
      sethtriggs, kurt, lonespark, Sparhawk

      It has been pointed out elsewhere that by the time this offer was made , the company had no value, or negative value.   I at first thought this sounded like a fair offer, but even 100% of nothing is still nothing.

      Hostess was killed by a lot of things.  Employment costs were part of that, but no amount of wage cutting would have compensated for the loss of interest in Factory Food or the cost of diesel to drive it across the country every night.

      Religion gives men the strength to do what should not be done.

      by bobtmn on Sun Nov 18, 2012 at 07:42:23 AM PST

      [ Parent ]

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