No, what I am saying is this is Hostess' second bankruptcy filing in the last 10 years. That during the first, the workers gave back $10 million dollars that wasn't reinvested but rather was used, in part, to give corporate officers 75% raises, paying its CEO $100,000/month. I am saying that Hostess had 6 different management teams over the last 10 years. I am saying that Hostess had stopped paying its employee pension obligations. I am saying that Hostess has been under the control of private equity firms whose business is to load a company up with debt, suck the life out of it and then close.<quoted text>
So you are saying management walked off the job forcing the company to close? Gee, I just read on article that stated the employees union was disgruntled. They said one of their concerns was Hostess was making the same products they have for years, and nothing really new to meet the modern taste buds of the American consumer. They were concerned about nutrition, so they walked off the job. LOL!
To suggest that the demise of that company is simply because a union chose not to make a second round of concessions is ludicrous.