Nov 19, 2012

What Do You Call a CEO Who Can't Make a Profit on $2B in Annual Sales?

Eric Allie, 11/17/12:
Hostess is going out of business entirely because one of its unions balked at yet another round of givebacks, not because its hedge-fund ownership realized they could make more money selling off the parts of the company and forgetting the grubby work of actually running a business.

Nope. It's all the union's fault. If only they'd been willing to work for even less money, Hostess would be around to demand more concession next year!

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