Twinkie ...

Started Nov 17, 2012 | Discussions thread
sean lancaster
sean lancaster Veteran Member • Posts: 7,214
Re: Ode to bankruptcy?

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.

 sean lancaster's gear list:sean lancaster's gear list
Sony Alpha NEX-5N Sony Alpha 7R II Voigtlander 35mm F1.2 Nokton Sony FE 55mm F1.8 Sony FE 28mm F2 +4 more
Keyboard shortcuts:
FForum PPrevious NNext WNext unread UUpvote SSubscribe RReply QQuote BBookmark MMy threads
Color scheme? Blue / Yellow