Tag Archives: twinkie

  job creators

Hostess Executives Teach Us All A Little Lesson About Personal Responsibility

Today is really a red-letter day for corporate malfeasance and incompetence here at Wonkette, isn’t it? It is! And such a day wouldn’t be complete without a discussion of the Hostess CEO, whose corporate “maneuvers” might “deprive” workers of some of their pension money by using it for “operations.” (This is corporate speak for saying that the CEOs padded executive pay by stealing money from worker pensions.) Read more on Hostess Executives Teach Us All A Little Lesson About Personal Responsibility…
  journamalism

‘The Atlantic’ Finds Hostess’s Real Victims: Private Equity Guys Who Will Probably Lose Their Investment

Now that the Hostess closure has begun to affect all of us, Jordan Weissman of The Atlantic will discuss what’s really important here, namely: whose fault it is. And duh, of course it was not the Bain-style “private equity” managers for loading the shitty snack cake company up with debt and then legitimately raping it with management fees; no, it is only their fault for making “poor decisions,” mostly the decisions to only slash union workers pay “a lot” instead of “maquiladora-style.” Read more on ‘The Atlantic’ Finds Hostess’s Real Victims: Private Equity Guys Who Will Probably Lose Their Investment…