s skippy the bush kangaroo: let them eat hostess cake

skippy the bush kangaroo



Friday, November 16, 2012

let them eat hostess cake

looks like hostess does not have a long shelf life, unlike it's ubiquitous product, twinkies. 

hedge fund owned hostess filed for bankruptcy earlier...and now it says it will shutter it's factories.
hostess brands says it is going out of business, closing plants that make twinkies and wonder bread and laying off all of its 18,500 workers - salt lake tribune



so...while workers are struggling to survive as their livelihood is shuttered, the silver point hedge fund ceo, edward a. mulĂ©, is basking in luxury in his 15,045-square-foot connecticut residence (pdf) and the ceo of hostess itself is sucking some financial juiciness out of the company while the workers are paid crumbs.
rayburn announced that the pay of the four top executives would go down to $1 for the year, but that their full salaries would be reinstated no later than jan. 1. hostess pays rayburn $125,000 a month, according to court filings. at the same time rayburn became ceo, gephardt's son matthew, 41, the coo of the gephardt group, was put on the hostess board as a $100,000-a-year independent director. - cnn money

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posted by Cookie Jill at 7:57 AM |

2 Comments:

Someone somewhere is buying up the Twinkies on the shelves to corner the market (they may not rot or decompose, but they can certainly go stale).

Meanwhile, I frankly hope that justice is poetic and swift for those men.

Also? 1/1[mystery exponent]=3-15 is fuzzy and may not fit the box.
commented by Blogger D., 10:06 AM PST  
Economics aside the products were great in the 40s and 50s but tastes have changed and the company didn't.
commented by Blogger Demeur, 10:10 AM PST  

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