Hostess goes Bankrupt!!!!!

[Rev. Powell]

Damn: I never once got the chance to taste a Twinkie.

You're not missing much. They're only slightly more appealing than your undies, and likely less nutritious.

[ulthar]

Wasn't a lot of the slime effect in THE THING (and other movies of that era) done with one of the ingredients of Twinkies?  I may be remembering wrong, but I think that's what Carpenter/Bottin said on the commentary...that stuff is used for the slimy, oozie stuff.

Maybe in ALIEN, too?

That's more of a claim to fame for Twinkies to me.

[FatFreddysCat]

Oddly enough, just as all this Twinkie brou-ha-ha was blowing up, I happened to catch a pretty funny Twinkie reference in the otherwise terrible movie "Ghost Rider: Spirit of Vengeance." The bad guy, who I believe is named "Carrion," has the power to make things die and decay just by touching them. At one point he's pursuing Ghost Rider in a stolen truck and he notices a lunch box sitting on the passenger's seat. He takes a sandwich out of it, and it instantly crumbles to dust in his hand. He picks up an apple - same thing. Finally he grabs a Twinkie out of the box... and nothing happens to it. Haha. He actually sat there for a second or two as if he were waitin' for it to crumble and when it didn't he shrugged like "cool" and popped it into his mouth. 

[bob]

Damn: I never once got the chance to taste a Twinkie.

You missed nothing. They're plain tasting nothingness.

[Newt]

Damn: I never once got the chance to taste a Twinkie.

I was about to rush out to send you some - when I saw a news report that confirmed that Hostess Canada will not be affected.  So they will continue to crank out Twinkies in Canada.  Add that to the list entitlted "Trevor's reasons to visit Canada".   

[AndyC]

There are better reasons to visit Canada.

Red velvet cake, cream filling and a chocolate coating. Beats the hell out of any Hostess cake.

[Ed, Ego and Superego]

There are better reasons to visit Canada.

Red velvet cake, cream filling and a chocolate coating. Beats the hell out of any Hostess cake.

And these Andy:


The reincarnation of the classic Star Bar....sigh..

[Newt]

Careful guys: we'll need to start a 'Canadian Treats Worth Visiting For' thread.   

[Menard]

Of course we are.  I'm not saying that Obama is directly responsible for Hostess going down, but I do believe that this uber-Union-friendly administration has created a climate where Unions are going to demand more and more, and many companies on the brink will find it cheaper to go bankrupt than to cave in to people whose default setting is always to demand more, no matter whether the company is Union friendly or not.

But think about this . . . the country is legalizing pot, and TWINKIES are out of business?  There is a conspiracy afoot!!!!

Wow, Indy; you've either been smoking legalized pot or twinkies...neither of which are good for you.

Let me give you some actual background on IBC, the Hostess company, so that you might understand things a little better rather than jumping to your anti-union, blame the black guy conclusion all of a sudden.

IBC (Interstate Brands Corporation) has Hostess, Wonder Bread, Butternut, Dolly Madison among other bakery brands. They are also in competition for not only the record for the most bankruptcies for any company within the last 10 years, 2 such bankruptcies back to back, but also the poster child status of the most incompetently run company of the decade at least; and they are also the top bakery products provider to grocery stores seconded by Sara Lee.

Only a few years ago, on their second bankruptcy in a row, the Bakers' Union took a 30% wage cut and drivers had to return their first $1000 in commissions to the company to pull them out of bankruptcy, while the ceo and corporate officers, those who have mismanaged the company through bankruptcy after bankruptcy, rewarded themselves and lined their pockets.

And that's union greed? It must be the twinkies you are smoking.

IBC has more than earned their nickname of Idiot Baking Company within the industry. They are horribly mismanaged by people who take no cuts themselves but keep putting it off on the workers, and how many cuts can workers take? They took a 30% cut just a few years ago, would you work for half of what you made only 10 years ago?

Their liquidation has unfortunately been interrupted. Their best course of action is to liquidate. Hostess is not going anywhere, but it would be a hell of a lot better being managed by someone else rather than continuing in the hands of people who have run the company into the ground and want to impose yet another wage cut on the workers to pay for their incompetence.

But hey, keep blaming the black guy if you want. It's been a popular thing to do for years...why should we bother to evolve now? 

[lester1/2jr]

We just better hope that bankrupt doesn't go Hostess!

[AndyC]

Careful guys: we'll need to start a 'Canadian Treats Worth Visiting For' thread.   

I don't know how reading that put me in the mood for poutine, but it did.

[Leah]

Trevor, do you have Little Debbie in South Africa? Because if so.....

It's basically LD's Twinkies.

[BoyScoutKevin]

Interesting.

Certainly, an iconic company that has been around as long as I can remember. Of course, it is not the only iconic company that has been in bankruptcy, or may go into bankruptcy.

Kodak, which is synonmous with Rochester, New York, has just come out of bankruptcy, as a leaner and we hope meaner company.

And J.C. Penny's is still struggling and may be forced to go into bankruptcy.

Of course, for every iconic failutre or how not to do something, there is at least one iconic success story or how to do something.

Apple, of course.

McDonald's. the largest fast food chain in the world, and which did much to change how people eat worldwide.

Wal-Mart, the largest retail chain in the world, and which did much to change how people shop worldwide.

And the Walt Disney Company, now the largest entertainment company  in the world, and while someone else would have probably gotten there sooner or later, changed how the world looked at entertainment. Not bad for a company that basically started as two men making movie cartoons in their uncle's garage.

As for Hostess, reading in the "WSJ," there are companies interested in buying at least parts of it, at reduced prices, to expand their own scope of operations.

Stay tuned for further developments.

[Ed, Ego and Superego]

Justto fan the flames more:
http://gma.yahoo.com/bankrupt-hostess-execs-bonuses-094718695--abc-news-topstories.html

Apparentlly the execs get bonuses....
-Ed

[indianasmith]

In today's world, execs get bonuses regardless of what happens.  Kinda like politicians!