khanom
Trad climber
Greeley Hill
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Topic Author's Original Post - Nov 16, 2012 - 08:34am PT
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Better start that stockpile right away!
Hostess to shut down
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Ron Anderson
Trad climber
USA Moundhouse Nev. and land o da SLEDS!
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Nov 16, 2012 - 08:39am PT
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Quite the drag actually. Not that im into twinkies, but all those whom will now be un employed is tragic. Seems a strike at a time when the company is fighting bankruptcy was not a good decision. Work for LESS or not at all was a lousy choice,, but, MOST of the small businesses are doing just that to survive.
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Reilly
Mountain climber
The Other Monrovia- CA
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Nov 16, 2012 - 08:40am PT
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Well, there goes another spurious murder defense strategy.
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Jebus H Bomz
climber
Reno, Nuh VAAAA duh
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Nov 16, 2012 - 08:41am PT
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Killing fatties is becoming a tough bidness.
Go get fat somewhere else?
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Karl Baba
Trad climber
Yosemite, Ca
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Nov 16, 2012 - 08:49am PT
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stockpiling twinkies forever is sadly an urban myth, from the twinkie wiki
A common urban legend claims that Twinkies have an infinite shelf life or can last unspoiled for a relatively long time of ten, fifty, or one hundred years due to chemicals used in production.[14] This urban legend is false, although Twinkies can last a relatively long time (25 days or more) because they are made without unstabilized dairy products and thus spoil more slowly than most bakery items
so better commit sugaricide now. But those brands and products are unlikely to disappear
Union President Frank Hurt said the company's failure was not the fault of the union but the "result of nearly a decade of financial and operational mismanagement" and that management was trying to make union workers the scapegoats for a plan by Wall Street investors to sell Hostess.
Sometimes there's more than meets the eye. Let's see what happens
Peace
karl
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climbski2
Mountain climber
Anchorage AK, Reno NV
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Nov 16, 2012 - 08:57am PT
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4 corporate buyouts from 1981 to 1995 saddled an otherwise excellent company with a massive debt structure.
But on the way out the corporate vultures want to blame anyone else but themselves.
I've always held the opinion that if your company cannot afford to pay a decent wage to it's employees you should go out of business and make room for one that can.
Sadly Hostess is a victim of the 80's Romney style corporate raider buyout scams. They took an otherwise stellar brand with good infrastructure products and marketing and tanked it.
Now the top guys are gonna make a mint using Bankruptcy rules and piecemeal selling of the brand.
Romney business practices to a T
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Wade Icey
Trad climber
www.alohashirtrescue.com
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Nov 16, 2012 - 09:06am PT
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it's been proven that if you eat that sh#t ...you're gonna die!!!666.
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apogee
climber
Technically expert, safe belayer, can lead if easy
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Nov 16, 2012 - 09:12am PT
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Yet another tragedy that can be solely blamed upon our black Muslim President.
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John M
climber
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Nov 16, 2012 - 09:17am PT
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There was a run on twinkles at the supermarket, but I been stockpiling them for years now. I got a lead last weak on 10,000 and bought the whole supply. When the end comes, I will be prepared.
If some of you have ding dongs, I would be willing to trade. But no fake stuff made in china. I want the real deal.
Damn that black muslim president. This never would have happened under Mitt.
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Wade Icey
Trad climber
www.alohashirtrescue.com
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Nov 16, 2012 - 09:17am PT
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if you hold a twinkie up to mirror the ingredients read in Arabic!!
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briham89
Big Wall climber
san jose, ca
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Nov 16, 2012 - 09:18am PT
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*walks down to 7-11*
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Gary
Social climber
Right outside of Delacroix
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Nov 16, 2012 - 09:19am PT
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I worked for Continental Baking (Wonder and Hostess) for 15 years, and this analysis nails it.
There's not a huge profit margin in baking, but you have to be really incompetent to screw it up. Once the corporate MBAs got involved it was only a matter of time before they f*#ked it up.
4 corporate buyouts from 1981 to 1995 saddled an otherwise excellent company with a massive debt structure.
But on the way out the corporate vultures want to blame anyone else but themselves.
I've always held the opinion that if your company cannot afford to pay a decent wage to it's employees you should go out of business and make room for one that can.
Sadly Hostess is a victim of the 80's Romney style corporate raider buyout scams. They took an otherwise stellar brand with good infrastructure products and marketing and tanked it.
Now the top guys are gonna make a mint using Bankruptcy rules and piecemeal selling of the brand.
Romney business practices to a T
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Ron Anderson
Trad climber
USA Moundhouse Nev. and land o da SLEDS!
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Nov 16, 2012 - 09:22am PT
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There will be many more folding in the near future. I just hope SPAM can survive..
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John M
climber
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Nov 16, 2012 - 09:28am PT
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I agree Gary.. that was an excellent post. And people wonder why many liberals didn't trust Mitt to know how to build up a nation.
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Norte_Caroliņa_Climber
Gym climber
BigWall Baller From the Holler
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Nov 16, 2012 - 10:26am PT
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Whatcha wanna bet the CEO and white colar honchos in the offices paid themself a big ol bonus last year, hell prolly this year too, all while cryin about goin out of biz? God dang racket if you ask me.
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Chaz
Trad climber
greater Boss Angeles area
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Nov 16, 2012 - 10:43am PT
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Out of a job for Christmas.
How does that taste?
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Toker Villain
Big Wall climber
Toquerville, Utah
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Nov 16, 2012 - 10:48am PT
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Can anybody say for certain that mayor Bloomberg is not really behind this?
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Snowmassguy
Big Wall climber
Boulder
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Nov 16, 2012 - 10:52am PT
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The brands will be sold off and will continue to me manufactured albeit by the new owners of the brands. The union was beyond stupid to press the compensation issues. I learned early in my career to not work for a private equity owned business. They will squeeze every penny out of a business at the workers expense. That being said, Hostess was about as inefficient as it get due to the unions long term influence. Bread and Twinkies had to be delivered on different trucks even when the originated at the same plant and had the same store destination so the union could keep more drivers on staff. Half full trucks going to the same place....carbon footprint was not the goal of the union! Silly stuff that clearly did not work with private equity ownership. Sad part is the 18K out of work.
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rottingjohnny
Sport climber
mammoth lakes ca
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Nov 16, 2012 - 11:00am PT
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On the bright side...Fatty will have more spare change lying around to lose on presidential elections...
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'Pass the Pitons' Pete
Big Wall climber
like Ontario, Canada, eh?
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Nov 16, 2012 - 11:03am PT
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That is the funniest damn thing. The union completely shot itself in the foot! They just don't get it - in tough times, you have to give something back. You can't expect to keep raking in the dough [heh heh, I said 'dough'] when the company isn't making any profits.
Well, the union can go think about their stupid decision at Christmas time standing in the unemployment line. Idiots. Hostess will just sell its lines off to someone else.
Greedy bastard teachers here in Ontario are now working to rule, cancelling all their extra-curricular activities like choir and band and football and even the Christmas concerts, to protest the wage freeze imposed on them by the Ontario government. So you don't get to see your daughter be the Sugar Plum Fairy or your son be the Little Drummer Boy. You can forget Baby Jesus, though, too politically incorrect.
Like the teachers are so hard done by! You Merricans would sh|t yourselves if you knew how much we pay our teachers! [who get July, August, Christmas, and spring break off plus every damn holiday you can imagine]
Wait, don't take my word for it - have a look at the pay scale:
http://www.osstfd12.com/Default.aspx?DN=be203086-19c2-4dae-aabb-83078b3245d2
That's the collective agreement for Toronto teachers. Scroll down to page 25 and you won't believe your eyes. And you REALLY won't believe your eyes if you see the teachers' pension plan - unbelievable! Man, if you want a cush job, become a teacher in Canada. The only problem is you have to put up with a bunch of little sh|ts every day. Of course, you only have to do it for ten months of the year.
Here's the quick and easy version:
http://www.nucleuslearning.com/content/teacher-pay-scale-across-canada
So the teachers are now complaining because they don't get their COLA raise. How many of us self-employed or private sector-employed people ever got a freaking COLA raise?
Greedy greedy greedy. Do the teachers care that the province who pays them is so severely in debt it can't pay its bills? No wonder our countries are going broke!
Greedy bastards. Too bad they can't lock out the teachers.
The teachers went on strike a few years ago. The first week, the public supported them. The second week, after working parents were struggling to find find day care for their kids, the public got pretty damn pissed. Most likely, the public will be pretty pissed about this, too. And so they should be.
I can live without Twinkies, but not those chocolate Hostess Cupcakes with the swirl of white icing across the top! I eat those every morning for breakfast in my portaledge!
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