Comment

Who Killed Hostess Brands and Twinkies? Don't blame the union (and you shouldn't be eating that crap anyways)

24
Lidane11/16/2012 4:12:48 pm PST

re: #10 Daniel Ballard

I’m aware there are issues with pensions. However it’s not as simple as putting all the blame on unions and union contracts. That’s the point.

Hostess was clearly being managed by idiots for a long time and there was a lot of turnover and chaos at the top, coupled with high pay raises and compensation packages for management, even after bankruptcy. They were making billions annually and still ended up here. That’s not solely the fault of a pension plan or the unions.