Michelle Obama put them out of business??!<quoted text>Could it be that Michelle put them out of business with her healthy plan? But heaven forbid Obama go against a union since it was a big part of his election strategy. Funny how he had a meeting with union leaders who helped get him elected before he had a meeting with the members of Congress that are going to decide the fate of the budget. Part of his plan of the squeaky hinge syndrome. Strange when the wheels are falling off of the wagon he goes to Gates and Buffet for advice before instead of going to his so called economics pros.
Take a deep breath, and come back to reality. The top executives of Hostess ran the company into the ground:
At the same time he's filing for bankruptcy protection for Hostess, the CEO scores himself a 300% raise to bring his annual salary to $2.55 million. Wow ... only in corporate America can such sheer incompetency reap such financial reward!
This company was gutted over the past 8 years, with executives pulling out as much as they could for themselves while ignoring capital investment and product development needs. There was no real effort made to save Hostess, because the intention was to bleed it dry and then sell-off the brands.