Coffeehouse Thread

19 posts

bye bye twinkie and ding dong

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  • JohnAskew

    http://www.businessweek.com/news/2012-11-19/hostess-judge-asks-for-mediation-sessions-over-strike

    Hostess is seeking permission from Drain to pay bonuses to key managers while closing operations that will leave most of its 18,500 workers unemployed.

    Loot and scoot.

    ... I will NOT miss the penultimate junk food products, or other perfectly processed food fostering early disease and death.

  • spivonious

    @JohnAskew: I never liked Twinkies or Ding Dongs. But it is still sad to see almost 20,000 workers go unemployed.

  • magicalclick

    www Twinkies are so cute in the dispicable me a

     

    nd zombie land. What a shame

    Leaving WM on 5/2018 if no apps, no dedicated billboards where I drive, no Store name.
    Last modified
  • Srikanth_t

    , spivonious wrote

    @JohnAskew: I never liked Twinkies or Ding Dongs. But it is still sad to see almost 20,000 workers go unemployed.

    Well, making those "bad rich people" not get their paychecks anymore is so satisfying and heart warming for the unions...... 20,000 getting unemployed is so worthy of that. So goes the thinking of economically challenged. There is a phrase for this kind of thinking...it's called "Scorch earth policy".

  • ScanIAm

    I'm willing to bet you know about as much about it as the rest of us, but thanks for making sure that we all know your version of Aynrandian shruggery..

    Here's a novel idea: hostess products were largely garbage that fell out of style. Neither greedy unions nor serial parasitic CEOs could change the fact that they didn't sell an awful lot of real food.

     

     

  • Proton2

    Mexican company might rescues Twinkies:

    http://articles.mamaslatinas.com/in_the_news/107954/mexican_company_bimbo_comes_to

    -------------

    Weston still makes Hostess products in Canada (but not Twinkies)

    http://www.weston.ca/en/Weston-Foods.aspx

  • Srikanth_t

    @ScanIAm: the precedence of unions bankrupting the companies is well established. From American car manufacturers, many airline companies and now piece de resistance whole counties, cities and states entering in to dire straits because of union negotiated pension plans.

    It doesn't take any particular "philosophy" to look at something and figure out what a disaster it is.

  • Bas

    I've only had a Twinkie once in my life, but they'll always hold a special place in my heart thanks to my childhood fascination with this:

  • evildictait​or

    But Twinkies will live on forever in our hearts and in our legal system:

    http://en.wikipedia.org/wiki/Twinkie_defense

  • Hometoy

    @evildictaitor: Not to mention, our arteries, hips and "spare tires" Smiley

    No more Twinkies means what are we going to be able to stock up on against a Zombie Apocalypse  or Nuclear War?!  I mean, this stuff was invulnerable!  Even cockroaches have a shorter shelf life!

     

  • JohnAskew

    @Hometoy: no kidding. ...now their plan is to sell the foundry to Mexico investors, so we'll have to import our poison from south of the border... wait... we already do that...

  • SteveRichter

    , JohnAskew wrote

    Hostess is seeking permission from Drain to pay bonuses to key managers while closing operations that will leave most of its 18,500 workers unemployed.

    Loot and scoot.

    I do not follow. The allegation is that the private equity firm that owns hostess wants to give money to key employees out of some honor amoung thieves loyalty arrangement? Why not just accept the obvious. The owners need key people ( programmers? ) to stay with the company despite knowing they will be unemployed at a certain time in the near future

     

  • JohnAskew

    , SteveRichter wrote

    *snip*

    I do not follow. The allegation is that the private equity firm that owns hostess wants to give money to key employees out of some honor amoung thieves loyalty arrangement? Why not just accept the obvious. The owners need key people ( programmers? ) to stay with the company despite knowing they will be unemployed at a certain time in the near future

    You believe the private equity firm plans to resurrect hostess as some other corporation?

    And that these bonuses are for those key managers who will see the next corporation through?

    Why can't they just resort to hiring bonuses through the next corporation?

     

    Steve, I don't see it that way. I see this as a way for owners and their friends to grab as much cash as possible on the way out. Nothing chivalrous or generous about this when contrasted with the 18,000 unemployed getting zero. I consider it looting the company's assets and disdain for those who will get nothing but a job loss.

    I'm not a fan of unions, but this is a strong armed approach and not a subject of valor or honor.

    It will demonstrate yet again how the rich business owners are moving their jobs and factories to other countries for cheaper labor. Great. Welcome Mexican twinkies. And say hi to the 18,000 newly unemployed here in the USA. Will Mexican twinkies yield mad cow disease in the future? blah. It's junk food regardless.

  • Proton2

    If the products or services are still wanted or needed, then the jobs aren't really lost.

  • SteveRichter

    @JohnAskew:

    Holman Jenkins, a great writer for the WSJ, wrote about Hostess today:
    http://online.wsj.com/article/SB10001424127887324352004578130912150512612.html

    Under the latest turnaround plan, the sticking point was Hostess's distribution
    operations, source of the Hostess horror stories filling the media.
    Union-imposed work rules stopped drivers from helping to load their trucks. A
    separate worker, arriving at the store in a separate vehicle, had to be employed
    to shift goods from a storage area to a retailer's shelf. Wonder Bread and
    Twinkies couldn't ride on the same truck.

     

    True, a slight inconvenience is that many of the private-equity firms involved
    with Hostess are linked to the Democratic Party. This should not be a surprise.
    For good reason, private investors plying heavily unionized industries find it
    useful to maintain strong connections to Democrats. The only reason that Bill
    Clinton buddy Ron Burkle isn't mixed
    up in the Twinkie mess is that his bid to buy Hostess out of its previous
    bankruptcy didn't succeed.

  • JohnAskew

    , Proton2 wrote

    If the products or services are still wanted or needed, then the jobs aren't really lost.

    No, just relocated to Mexico.

  • JohnAskew

    , SteveRichter wrote

    @JohnAskew:

    Holman Jenkins, a great writer for the WSJ, wrote about Hostess today:
    http://online.wsj.com/article/SB10001424127887324352004578130912150512612.html

    Under the latest turnaround plan, the sticking point was Hostess's distribution
    operations, source of the Hostess horror stories filling the media.
    Union-imposed work rules stopped drivers from helping to load their trucks. A
    separate worker, arriving at the store in a separate vehicle, had to be employed
    to shift goods from a storage area to a retailer's shelf. Wonder Bread and
    Twinkies couldn't ride on the same truck.

     

    I continue to sense a thin veneer covering the real desire to relocate in Mexico for cheap labor.

    Distribution would be affordable with lower production costs.

    True, a slight inconvenience is that many of the private-equity firms involved
    with Hostess are linked to the Democratic Party. This should not be a surprise.
    For good reason, private investors plying heavily unionized industries find it
    useful to maintain strong connections to Democrats. The only reason that Bill
    Clinton buddy Ron Burkle isn't mixed
    up in the Twinkie mess is that his bid to buy Hostess out of its previous
    bankruptcy didn't succeed.

    Lindsey Lohan, (a self-described Republican), was on the Tonight Show with Jay Leno, (a self-described Republican), last night.

    But that has nothing to do with this topic either...

  • ScanIAm

    , Srikanth_t wrote

    @ScanIAm: the precedence of unions bankrupting the companies is well established. From American car manufacturers, many airline companies and now piece de resistance whole counties, cities and states entering in to dire straits because of union negotiated pension plans.

    So cite some examples.  As I read it, hostess became the victim of venture capital and has had no less than 6 CEOs in the last decade.  All of whom walked away with their negotiated salaries.  Why does the negotiation of a union 'cause failure' while the management's negotiation does not?

    It doesn't take any particular "philosophy" to look at something and figure out what a disaster it is.

    And yet you've done just that using a particularly selfish failure of a philosophy. 

    Don't you have some pensions to raid for your lucrative trading practice?

     

     

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