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View Diary: Inside the Hostess Bankery (260 comments)

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  •  This is straight out of 'Retirement Heist' (5+ / 0-)

    Literally, it's like the Hostess management was an unused case study from 'Retirement Heist.'

    EVERY Labor leader and union member in the country needs to read this book, to stay educated on the tactics in use by vulture capitalists. In the long run, with enough pressure and good policy, maybe these kinds of businesses can be discouraged from running.

    In the short run, Labor leaders have to get smarter about dealing in the current environment with these godawful babyboom CEOs and executives and their short-term thinking. Otherwise, you end up with a situation like Hostess (where labor walked right into the bear trap that management left for them).

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