- Let’s stop fitting yesterday’s square peg in today’s round hole. You’ll enjoy newfound success by challenging the rules of the past. Go ahead… give your old thinking a term-limit to break free from the shackles of tradition.
Hostess went bankrupt before in 2009 the "management" team on this bankruptcy is just riding a liquidation out to suck whatever of juice it has left ( The CEO took a 300% pay raise last year other executives in the company got 80%). They fomented a strike to get out of paying pensions and benefits and to have unions to blame it on. Bimbo will buy they brands and in a couple of weeks twinkies will be back on shelves
I don't see any facts here. cliffelam posted an article that went a bit deeper into the whole debacle. There's little doubt in my mind that both the union and mismanagement played a role in the fate of Hostess. The 2009 bankruptcy did include a strategy that didn't pan out. Why isn't Linkner criticizing the lackluster Hostess product line? I would be curious to compare the historic costs of Twinkie per unit vs. the average revenue per Twinkie vs. the average US income vs. what the average Hostess worker was paid. My bet is that rising healthcare costs probably played the biggest roll in killing Hostess, since the largest share of concessions was to come from worker benefits.