Twinkie ...

Started Nov 17, 2012 | Discussions thread
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sean lancaster
Veteran MemberPosts: 6,500Gear list
Re: Ode to bankruptcy?
In reply to Vaughn T.Winfree, Nov 18, 2012

The popular brands in the bankruptcy will be bought be other companies. Twinkies aren't going away.

This bankruptcy isn't on the unions, though . . . this is all about very poor management (e.g., tripling the pay of the CEO not too long ago even though sales of their junk food have been sinking over the past decade. They gave big raises to a bunch of executives, in fact). They had over 800 million in debts and they weren't making progress on paying down the debt so bankruptcy was the only way out even if unions took every concession being requested. This isn't on the unions.

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