It wasn't the union that killed the Twinkie. It was vulture capitalism.

[Squinch]

34. And management voted themselves millions in raises this past summer

No discussion of this topic is complete without this information that another DUer, thelordofhell, posted in an earlier thread:

Salary Increases at Hostess

Some creditors question Hostess pay raises approved in late July.

Brian Driscoll, CEO, around $750,000 to $2,550,000
Gary Wandschneider, EVP, $500,000 to $900,000
John Stewart, EVP, $400,000 to $700,000
David Loeser, EVP, $375,000 to $656,256
Kent Magill, EVP, $375,000 to $656,256
Richard Seban, EVP, $375,000 to $656,256
John Akeson, SVP, $300,000 to $480,000
Steven Birgfeld, SVP, $240,000 to $360,000
Martha Ross, SVP, $240,000 to $360,000
Rob Kissick, SVP, $182,000 to $273,008


So the line people gave up a lot, are now being asked to take huge salary cuts, and these pigs are giving themselves a couple million extra. Please. Get rid of them, and the company will probably be profitable for some smart acquirer.