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Farewell, Twinkies

I had a fried Twinkie a while back.

It was offered to me, I scoffed, and then we fried... a wonderful smell filled the air, and I have to admit it may have been the best tasting thing ever put in my mouth.
 
Apparently the company stopped paying into the pensions over a year ago before they filed bankruptcy, and this latest request for a pay cut was not the first. I can imagine that if I were asked to take an 8% paycut and was promised that I'd get a raise later, I'd expect that. But the employees were asked to take the paycut over a year ago and have now been asked for another. Yes, it's a shame that they've now lost their jobs. But I don't think anyone would really keep quiet and be "okay" with their pay continually eroding away.

Of course I went out and stocked up on my favourite Hostess products, and even the ones that I'm wary to eat even every several years. I got cherry and apple pies but I don't know if I'll really eat them. I got powdered and chocolate covered Donettes. I got chocolate cupcakes. And two packages of my all time favourite, the orange cupcake. Those things are so good, and used to be a once a year treat while out on the road. And I even bought some enriched Wonder Bread. Made myself a cheese sandwich, just like Grandma used to make when I was a kid before I grew up and she disowned me. Ah, the times they do change.

I hate Twinkies. But I hope the Hostess brand lives on. I can't stand the "recreation recipes" for the orange cupcakes. I need the read thing. Pray to the FSM, ya'll.
 
BenBurch said:
Ordinance.
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The goal was to make it easier to get them across the border, not harder. As long as there's plausible deniability that they aren't ordinance (and we can claim dual use here), then for the love of god, don't call them ordinance.
 
I can't help but wonder what kinds of other terrible decisions the company might have made to get into such bad shape. In my experience, Hostess products sell like hotcakes...so they must have either failed to contain costs or had some serious misfortunes that cost too much to recover from. :(
 
DragonLady said:
I can't help but wonder what kinds of other terrible decisions the company might have made to get into such bad shape. In my experience, Hostess products sell like hotcakes...so they must have either failed to contain costs or had some serious misfortunes that cost too much to recover from.
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I heard they were recently bought by a vulture capitalist, so they're busy paying for their own takeover as well as their sales problems.

Anyway: http://www.ebay.com/itm/OMG-RARE-Tw...21750393?pt=Art_Sculpture&hash=item1c2d755c79

Read the Q&A.
 
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Ok. So Odgen, Utah was only 580 employee's. Any idea as to what the remainding 53,500 ultimately decided upon? And mind you's, lets not make the unions look bad here.
 
And for the record, Hostess twinkies were said to have a shelf life of only 30 days. So get out there everyone, and get um whilst they last!
 
My favorite were their plain bran muffins. We used to buy them at the Hostess bargain shop on RT 528 in Madison, Ohio. Dammit if our favorite manufactured foods soon end up a thing of the past. .....:(
 
tragicmonkey said:
a friend of mine has an elaborate theory that twinkies were invented for social engineering purposes. Specifically to desensitize resistance to performing a particular activity involving tubes and creamy filling.
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ewww
 
Madalch said:
I heard they were recently bought by a vulture capitalist, so they're busy paying for their own takeover as well as their sales problems.

Anyway: http://www.ebay.com/itm/OMG-RARE-Tw...21750393?pt=Art_Sculpture&hash=item1c2d755c79

Read the Q&A.
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The company lost $300 million in the last year, the venture firm that took control through their bankruptcy troubles has lost their entire $130 million investment, 85% of their "union" employees (including the Teamsters) agreed to accept the pay cuts to save the company, and yet, it is all the fault of those vulture capitalists!! :rolleyes: :rolleyes:

The bakers union (ha!), meaning the unskilled idiots masking themselves as "bakers" with their silly job descriptions and union work rules have killed the company with their BS demands - they can all go rot in hell because the other 17,000 employees with families lost their jobs because of them. I can't find a smilie awful enough to describe them, so this one will have to do ---> :mad:
 
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I'm certain, Balrog, that your opinion is based on a careful analysis of the facts rather than a knee-jerk anti-union attitude. That being the case - for the other readers, mind, since I absolutely trust you - could you present your analysis?

Oh, and your explanation as to how those union workers, who have no control over the "big" decisions, cost the company $300 million in a single year would be super interesting to read.

Maybe they should have worked for free to save the company...
 
http://thinkprogress.org/economy/20...ont-shoulder-the-blame-for-hostesss-downfall/

BCTGM members are well aware that as the company was preparing to file for bankruptcy earlier this year, the then CEO of Hostess was awarded a 300 percent raise (from approximately $750,000 to $2,550,000) and at least nine other top executives of the company received massive pay raises. One such executive received a pay increase from $500,000 to $900,000 and another received one taking his salary from $375,000 to $656,256.
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balrog666 said:
The CEO was converted from salary+bonuses to salary-only as is typical in bankruptcy proceedings. Other management personnel were treated similarly. Perhaps you were just unaware of the actual facts ... but it doesn't seem like that.
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Well, that certainly does explain why executives running a failing company should get hundreds of thousands of dollars per year. Wait, no it doesn't.

Simple question: Should a CEO - leaving out those who actually found and own the companies they're running, though that shouldn't matter - be paid millions of dollars for failure?
 
Babbylonian said:
Well, that certainly does explain why executives running a failing company should get hundreds of thousands of dollars per year. Wait, no it doesn't.

Simple question: Should a CEO - leaving out those who actually found and own the companies they're running, though that shouldn't matter - be paid millions of dollars for failure?
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Just who do you think "failed" here that hasn't paid for that failure?
 
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