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View Diary: Private equity-owned Hostess blames striking workers as it liquidates (263 comments)

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  •  Pension plans need diversified investments... (3+ / 0-)
    Recommended by:
    sfbob, skohayes, WillR

    So you can't use them to buy up the employer. Same with ESOPs- a good idea, but don't invest all your money in one. As for investing union dues, they're typically about 2% of wages and thus not adequate to buy a company. That said, it's possible that a broad coalition of workers, suppliers, communities, and customers could buy up parts of Hostess and reopen them.

    •  The company owes $944M to the union pension funds. (0+ / 0-)

      "An enlightened zeal for the energy and efficiency of government will be stigmatized as the offspring of a temper fond of despotic power and hostile to the principles of liberty." Alexander Hamilton, Fed. Paper No.1

      by FriedmanIsDead on Fri Nov 16, 2012 at 12:52:34 PM PST

      [ Parent ]

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