• Quick note - the problem with Youtube videos not embedding on the forum appears to have been fixed, thanks to ZiprHead. If you do still see problems let me know.

Farewell, Twinkies

Mike! said:
The idea of a weaponized Twinkie is just to horrific to even imagine. :eye-poppi
Click to expand...

Twinkies flying into enemy countries exploding in massive amounts of white cream on the populous. Oh my...
 
balrog666 said:
Just who do you think "failed" here that hasn't paid for that failure?
Click to expand...
Well, anybody who was taking home mid to high six-figure salaries+bonuses or more in years leading up to the final failure. Somehow I doubt any of those executives will be struggling to feed, clothe, and house their families, so just how do you think they'll be "paying" for the failure?
 
Drake's Devil Dogs will be missed at my house. Unfortunately I won't be able to get to the store until Sunday, so I'll probably miss out on buying a box.

Little Debbie just happens to have their own versions of Ding Dongs/Ring Dings (called Cocoa Cremes), Twinkies (called Cloud Cakes) and Devil Dogs (called Devil Cremes), introduced in the last couple years I think. Hmm, interesting timing, possibly. ;)
 
Babbylonian said:
Well, anybody who was taking home mid to high six-figure salaries+bonuses or more in years leading up to the final failure. Somehow I doubt any of those executives will be struggling to feed, clothe, and house their families, so just how do you think they'll be "paying" for the failure?
Click to expand...

Maybe he meant to say "been paid for the failure".
 
DGM said:
I seriously doubt "Twinkies" would have a problem with long shipping times. ;)
Click to expand...


You do realize that a box of Twinkies has an expiration date on it not much longer than a loaf of bread?



ETA: Ah, I see Greg and Segnosaur already pointed out that is a tired old meme on page 2:

Skeptical Greg said:
I'm disappointed in my fellow JREFers.. It shouldn't have taken 2 pages for someone to point out:

Twinkies have a shelf life of twenty five days..

However, many of you may be excited to know, as I was, that Hostess has confirmed that a Twinkie will explode in a microwave in approx 45 seconds...
Click to expand...

Segnosaur said:
Supposedly its a myth that they will last "forever".

From: http://www.cracked.com/article_16785_7-retarded-food-myths-internet-thinks-are-true_p2.html
Twinkies do last a little bit longer than your average cakes filled with cream: a whole month.
Click to expand...
 
balrog666 said:
<snip>
Click to expand...

I think JJ answered all that better than I could in the other thread:


jj said:
Ok, I went to read this. This is the same deal as Borders, inept management, lack of control of expansion, etc, giving the cash to the people at the top, and now that it's all come down around them, they want to loot the company by liquidating it and taking the rest of the money as fees for service.

They're looting the debtors, they're looting the shareholders, and they're putting 10,000 people or so out of work in order to enrich upper management. Management has also avoided trying to find a buyer, or anything else, is determined to liquidate, and is spoiling to close the whole business as fast as possible.

That seems clear.

We're talking about people who make 11.50 an hour, you realize. Those are the people on strike. The insults levelled at this union are purely an attack on human beings who are trying to survive, and nothing else.

Those of you who don't understand, look up "liquidationism" and its effect on the last great depression. You'll see just what's happening here.
Click to expand...



And then, a few posts after that, Foolmewunz explained quite clearly why the Teamsters union were going along with it.
 
DallasDad said:
There was a run on Twinkies at our local supermarket. People were taking whole carts full of Hostess products, leaving the shelves bare.
Click to expand...

The same thing happened at my Safeway. I hadn't seen the news yet so it was really odd for me to see at the time.

alfaniner said:
I was going to do exactly that. But hoard them and not sell them until five years from now. They of course will still be perfectly "fresh".
Click to expand...

Moon-Spinner said:
I've known some people who would think of them as an MRE (what are their shelf life anyway? - LOL)
Click to expand...

CORed said:
They will probably still be "fresh" 10,000 years from now. The miracle of preservatives and lots of sugar.
Click to expand...

Skeptical Greg said:
I'm disappointed in my fellow JREFers.. It shouldn't have taken 2 pages for someone to point out:

Twinkies have a shelf life of twenty five days..

However, many of you may be excited to know, as I was, that Hostess has confirmed that a Twinkie will explode in a microwave in approx 45 seconds...
Click to expand...

Thanks for pointing that out. I had vaguely remembered the long shelf life was a myth.

michael44 said:
How unfortunate for this to happen. Here we have the bakers union (who only represent about 5000 of the 18,500 workers) striking at a time when Hostess was in bankruptcy. So what did they expect, pay raises? And now i'm hearing "It wasn't the union that killed Hostess"? .. Well i'm not so sure about that. Sure, unions at one time were a great asset to their employees, unfortunately, we are at a fiscal standstill that affects every single worker whether their in the union or not. Seems to me, the union would be of better use to focus on keeping jobs rather than pursuing an unrealistic increase in pay or benefits. Maybe then, they can make up for all those they protected who never deserved a union job.
Click to expand...

Unions are still great assets. Hostess was intent on closing no matter what the union agreed to and they knew it. A pay cut would only lead to more pay cuts until management had bled them dry at which point the whole thing would be sold with the people at the top making bank.

Frankly doing it this way gets it all over quicker.

balrog666 said:
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:
Click to expand...

I find your continued hatred of working people a bit off putting.

balrog666 said:
Just who do you think "failed" here that hasn't paid for that failure?
Click to expand...

Well the people at the top certainly won't pay. I wouldn't doubt their contracts will leave them plenty richer because of all this. That is how it works these days. A guy will get to be CEO by being buddies with the board, they write up a cushy contract that pays him millions even if the company goes belly up and when it is all over he uses those same friends to just get another job somewhere else that he'll run into insolvency.
 
ignorance of reality seems to go hand in hand with union lovers. people who have been brainwashed by propaganda their entire lives.

you DO know that most of the value of top level executive people receive is stock options right? so when the company fails, the stock loses it's value and the worth of their holdings drops . Now, since the cmpany went under, they of course will sell the assets and divide the $$$ because they bought the company, they will divide the assets among the stockholders.

When you sell your house do you take the equity out and divvy it out to the carpenters and plumbers who built it?
 
StankApe said:
you DO know that most of the value of top level executive people receive is stock options right? so when the company fails, the stock loses it's value and the worth of their holdings drops .
Click to expand...


That does not seem to gel with this:

balrog666 said:
Sciwoman said:
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.
Click to expand...
Click to expand...


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.
Click to expand...
 
hostess lost $300 million last year. obviously this is the union's fault.
 
Jomante said:
Yes and No. Tastebuds change and it could just be that the memory of what it tasted like is always going to be better than it actually was. But also they probably did change, what with the prior version containing trans fats, msg, and whatever else has become the ingredient to avoid for the last decade or two.
Click to expand...

They stopped glazing or drenching them them a while back, that is the biggest change I noticed. I was never that much of a fan. They got smaller just like GI Joe.
 
michael44 said:
How unfortunate for this to happen. Here we have the bakers union (who only represent about 5000 of the 18,500 workers) striking at a time when Hostess was in bankruptcy. So what did they expect, pay raises? And now i'm hearing "It wasn't the union that killed Hostess"? .. Well i'm not so sure about that. Sure, unions at one time were a great asset to their employees, unfortunately, we are at a fiscal standstill that affects every single worker whether their in the union or not. Seems to me, the union would be of better use to focus on keeping jobs rather than pursuing an unrealistic increase in pay or benefits. Maybe then, they can make up for all those they protected who never deserved a union job.
Click to expand...

Considering the first bankruptcy lasted 2004-2009 , I think there is a little more to it then that.

-How dis Hostess have a $450 million debt in 2004 ?

http://management.fortune.cnn.com/2012/07/26/hostess-twinkies-bankrupt/

it came out of bankruptcy with a $670 million debt!

" On exiting the first bankruptcy, Hostess's total debt load was nearly $670 million. That was well above what it went into bankruptcy with in the first place -- an unusual circumstance that the company justified on expectations of "growing" into its capital structure."
 
OnlyTellsTruths said:
You do realize that a box of Twinkies has an expiration date on it not much longer than a loaf of bread?
Click to expand...

Apparently you missed the meaning of the "wink" I put at the end of the post. I've never been able to verify this for myself because a box of twinkies doesn't last more than a couple days in this house. :D
 
Damn it. And I had planned on actually ordering a box of the things on my next money date. They couldnt have kept open for ONE more damned week, could they?!. Now I never get to know if the clone recipe I've tried actually taste like the real thing......
 
You must log in or register to reply here.

Back
Top Bottom