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Thread: Striking Unions Put Twinkies out of Business

  1. #11
    Christie obviously has his own agenda. I'm not sure what he's trying to accomplish exactly, but I get the feeling he shot himself in the foot. It was a really dumb move no matter how you look at it.

  2. #12
    Quote Originally Posted by Cryren View Post
    Christie obviously has his own agenda. I'm not sure what he's trying to accomplish exactly, but I get the feeling he shot himself in the foot. It was a really dumb move no matter how you look at it.
    At least at the national level. He is still very popular in Jersey, now more so with the many Democrats who populate his state. Better him than some pinko Obama supporter, but yah, I think any real chance of a presidential run for the guy is a thing of the past.

  3. #13
    Funny, the judge threw Hostess and the unions into mediation.
    And you know that is just a temporary jump to closing shop for good.

  4. #14
    Hi,

    Quote Originally Posted by bogart View Post
    Twinkies are now for sale on Craigslist and Ebay for between $20-$50 a box.
    As you guys are talking about the union stuff. I am wondering who in there right mind would pay that much for a box of twinkies?

    I really like collecting stuff but even I would not pay for Twinkies.

    Guys am I missing a bandwagon here That I should jumping on?

    Sami
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  5. #15
    I know several people who need a Twinkie fix every morning. They will probably be emotional wrecks without their Twinkies.

    I don't think I have had a Twinkie or Ding Dong for at least 20 years, but I remember them as being pretty good, but messy to eat.

    Hostess will likely sell off some of their recipe rights if it looks like they will go under. Another bakery will resurrect the Twinkie for the mobs of addicted fans or someone will start selling Twinkie clones.

    Sami, I suppose you could stockpile Twinkies and freeze dry them for future generations. You might need to find a taxidermist to work with.
    "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote." -- Benjamin Franklin


  6. #16
    They just approved recreational marijuana in Colorado. Enough states do that and Twinkies will make a comeback.
    -- Do not meddle in the affairs of dragons, for you are crunchy and good with ketchup. --

  7. #17
    Hostess in mediation today.
    So company may, just may, stay in business.
    Now there is a company in Canada that has the rights to make twinkies and sell them in Canada.
    There is a possibility that this company may also be able to export twinkies to the USA.

    I would never buy on the probability of selling them for high prices.

  8. #18

  9. #19
    Really hate to see them end up in foreign hands.

    Sad part is the union reps would still have jobs... the employees, not so much.
    -- Do not meddle in the affairs of dragons, for you are crunchy and good with ketchup. --

  10. #20
    Hostess Bankruptcy Has Worked Out Well for CEO Brian Driskoll

    Here's a telling story from July about Hostess Brands, which at the time was in a Chapter 11 organization process and now is shutting down and undergoing Chapter 7 liquidation. The key protagonist is Brian Driscoll, the CEO who led the company into Chapter 11 in the first place:
    Even as it played the numbers game, Hostess had to face chaos in the corner office at the worst possible time. Driscoll, the CEO, departed suddenly and without explanation in March. It may have been that the Teamsters no longer felt it could trust him. In early February, Hostess had asked the bankruptcy judge to approve a sweet new employment deal for Driscoll. Its terms guaranteed him a base annual salary of $1.5 million, plus cash incentives and "long-term incentive" compensation of up to $2 million. If Hostess liquidated or Driscoll were fired without cause, he'd still get severance pay of $1.95 million as long as he honored a noncompete agreement.
    This is not identical to the story with the American Airlines bankruptcy, but there's something similar about it. There the CEO gets a large payday if he can avoid a merger, regardless of the value for the enterprise.
    Hostsess CEO multimillion dollar payday amidsty bankruptcy.

    A pretty sweet deal for Brian Driskoll

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