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

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    sfbob, BYw

    If you borrow money against the company, and use the money to pay yourself huge dividends, you don't get to claim that you're so far underwater you'll never recoup your investments.  You've already recouped your investments.

    Maybe some of the partner investors will still get screwed, but the vulture capitalists themselves are already well fed.

    It's been a hundred years, isn't it time we stopped blaming Captain Smith for sinking the Titanic?

    by happymisanthropy on Fri Nov 16, 2012 at 11:06:11 AM PST

    [ Parent ]

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