WooHoo - "You miss the point they were giving themselves huge raises while their company was BURNING TO THE GROUND..."

Where'd you see that? It's not in the financial analyst's reports.-Heuman Bean

The multiple bankruptcies and a billion dollars in debt????

FYI the company did not file for Chapter 11. That's reorganizing but staying in business. The company is liquidating.

WooHoo - "You miss the point they were giving themselves huge raises while their company was BURNING TO THE GROUND..."

Where'd you see that? It's not in the financial analyst's reports.

Storch - "Heuman Bean and ddm76, those salaries are outrageous and it certainly distributes the blame."

Doesn't matter.

They have contracts that award them that much, and contracts like those are not unusual in the business world.

For those of you blaming the management, and the unions, and Lord only knows what else - when was the last time YOU bought one of their products?

Competition and a higher number of people seeking healthier diets led to a downturn of the sales of their products. That trickled down into all other areas of the business.

So if YOU haven't been buying their product, maybe YOU are to blame.

(And by the way, this is sarcasm, not meant to be taken as reality, but as food for thought.)

uragoner2, so what if the executives earned a high salary? This is to be expected of people in those positions.- paulej

You miss the point they were giving themselves huge raises while their company was BURNING TO THE GROUND...

"Business Insider reports that Hostess, maker of the Twinkie and Ding ####, is now controlled by a group of investment firms that will sell its assets to the highest bidder. Possible buyers could pick up Hostess’s more popular products at auction and package them at other companies. Beyond labor costs, CSM notes that increased competition in the snack space and Americans being increasingly conscious about healthy eating also could be attributed to Hostess’s fall."

Heuman Bean and ddm76, those salaries are outrageous and it certainly distributes the blame. I don't want to be too harsh, but this is another thing for workers to be aware of. It was a sign of rats looting a sinking ship or at least displaying too much greed for me. You need to be aware of the world around you and how it affects your financial well-being, just as you need to track the worth of all your assets, of which earning power is one.

The long and short of it is, know when something stinks and quietly start your job search at that moment. Or since there may not be many jobs in some areas, at least prepare for the worst as best you can. Good luck to us all. We're all going to need it.

Hostess wanted their employees to trade a SECURE retirement fund for the ability to hold 100 million in BAD DEBT that would never be worth the paper it was written on and you all are surprised they did not take the deal? I know a dead man who is giving out IOUs for the deed to your house.....

STRONG UNIONS................................. Ooooooooooops! ROFLMAO

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