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(Bloomberg)   Because if any company can save Hostess cupcakes, Suzy Qs and Chocodiles, it's Pabst Blue Ribbon   (bloomberg.com ) divider line 33
    More: Followup, Hostess Brands, Pabst Blue Ribbon  
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12299 clicks; posted to Main » on 16 Nov 2012 at 9:33 PM (3 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



Voting Results (Smartest)
View Voting Results: Smartest and Funniest


Archived thread
2012-11-16 08:22:48 PM  
8 votes:
Yeah... Cause you know, that's what REALLY did them in.

farking money men and their farking money games. Hostess was a popular brand that was making money and putting Americans to work. Then the money men come in, and gamble with debt and the markets, while raping and gutting local/state/national economies. People get laid off, loose their way of life...all so some rich jackasses can have enough money to buy a polished gold turd bowl.

Then when they break their toy, they hand it over to their buddies who take a farking hammer to it, squeezing out the last of goddamn cents out of it.

And all that is left, pain and the sorrow of shadow of a company. A company sold a beloved product, served it's community and supported it's loyal workers with a good way of life.
2012-11-16 10:03:21 PM  
3 votes:

Hand Banana: Whoever gets it I hope they go back to the older recipes before they replaced all the ingredients with cheap crap and chemical preservatives. Maybe it is rose tinted glasses but I seem to remember them tasting much better once upon a time. They were probably awesome in the 30s.


Don't think it's gonna happen. Good ingredients cost money.
2012-11-16 07:26:10 PM  
3 votes:
Think of the stoners. Washington and Colorado legalize weed and all of sudden there are no more Hostess products?

Way to step to the plate, PBR.
2012-11-17 01:36:17 AM  
2 votes:

Fade2black: They decided they wanted a 100% pay cut instead of an 8%. At this point I don't think the company gives a flying fark how relieved they feel.


and if hostess hadn't been mismanaged it would be doing fine and there'd be no talk of pay cuts. Also how about the execs getting pay raises while the company is in trouble? Or are the people who drove the company into the ground not to be blamed?
2012-11-16 09:55:24 PM  
2 votes:
Whoever gets it I hope they go back to the older recipes before they replaced all the ingredients with cheap crap and chemical preservatives. Maybe it is rose tinted glasses but I seem to remember them tasting much better once upon a time. They were probably awesome in the 30s.
2012-11-16 07:52:00 PM  
2 votes:
"Shedding the complications of the unions and old plants makes it even more attractive."

I'm sure the 18,500 employees will be so relieved.
2012-11-17 04:19:23 AM  
1 vote:

Darth_Lukecash: Yeah... Cause you know, that's what REALLY did them in.

farking money men and their farking money games. Hostess was a popular brand that was making money and putting Americans to work. Then the money men come in, and gamble with debt and the markets, while raping and gutting local/state/national economies. People get laid off, loose their way of life...all so some rich jackasses can have enough money to buy a polished gold turd bowl.

Then when they break their toy, they hand it over to their buddies who take a farking hammer to it, squeezing out the last of goddamn cents out of it.

And all that is left, pain and the sorrow of shadow of a company. A company sold a beloved product, served it's community and supported it's loyal workers with a good way of life.


I'd like to see some actual numbers before I pass judgment. I don't actually believe in corporate raiders who rape companies just to shut them down. There are greedy investors who don't know how to run things but what about market conditions?

Who the hell eats that crap anyway? It's not stoners - I'm told they eat Cheetohs exclusively. People are generally more health conscious these days. They noticed and acknowledged that they're getting fat. Is there even a whole grain version of Twinkies? I think not. It's been at least 25 years since I ate a Hostess product, probably longer.

It's garbage food. I'm not aware of anyone who eats that crap. I don't even know where it is (or was) in the grocery store.
2012-11-17 03:44:59 AM  
1 vote:

Coelacanth: L33t Squirrel: ExperianScaresCthulhu: You're not imagining. :(

Seconded. I've cut out of my diet just about every snack and treat I liked as a kid because the recipes/formulas have all changed and they're just...wrong. Texture is damp rather than moist or squishy instead of crumbly, they often taste of cloying sweetness instead of the flavor advertised (and some chocolate flavors taste strangely like molasses instead), less filling if there is one, sizes have been reduced, and a few other things that I'm too tired to think of right now. I'm not a health fanatic by far, but I do try to eat well (because I'd rather skip a meal/snack rather than run an extra half hour :D), and if I'm going to snack I'd rather it not be bad for me. But I grew up in the 80s, so I'm not sure how much some snacks had by that time already changed drastically from their original formulation. :-\

You're 100% right. A lot of it has to do with the introduction of corn syrup. I don't know one food product that has ever been improved by corn syrup.


Chocolate ganache. Only reason, ever, I've ever used corn syrup in a recipe. It did help, though.

And I haven't used it since since I refuse to buy it. For some f--ked up reason a roommate bought it.

/Alton Brown recommended
2012-11-17 03:38:02 AM  
1 vote:

L33t Squirrel: ExperianScaresCthulhu: You're not imagining. :(

Seconded. I've cut out of my diet just about every snack and treat I liked as a kid because the recipes/formulas have all changed and they're just...wrong. Texture is damp rather than moist or squishy instead of crumbly, they often taste of cloying sweetness instead of the flavor advertised (and some chocolate flavors taste strangely like molasses instead), less filling if there is one, sizes have been reduced, and a few other things that I'm too tired to think of right now. I'm not a health fanatic by far, but I do try to eat well (because I'd rather skip a meal/snack rather than run an extra half hour :D), and if I'm going to snack I'd rather it not be bad for me. But I grew up in the 80s, so I'm not sure how much some snacks had by that time already changed drastically from their original formulation. :-\


You're 100% right. A lot of it has to do with the introduction of corn syrup. I don't know one food product that has ever been improved by corn syrup.
2012-11-17 03:25:01 AM  
1 vote:

ExperianScaresCthulhu: You're not imagining. :(


Seconded. I've cut out of my diet just about every snack and treat I liked as a kid because the recipes/formulas have all changed and they're just...wrong. Texture is damp rather than moist or squishy instead of crumbly, they often taste of cloying sweetness instead of the flavor advertised (and some chocolate flavors taste strangely like molasses instead), less filling if there is one, sizes have been reduced, and a few other things that I'm too tired to think of right now. I'm not a health fanatic by far, but I do try to eat well (because I'd rather skip a meal/snack rather than run an extra half hour :D), and if I'm going to snack I'd rather it not be bad for me. But I grew up in the 80s, so I'm not sure how much some snacks had by that time already changed drastically from their original formulation. :-\
2012-11-17 03:18:55 AM  
1 vote:
Right now on eBay 3 10ct. boxes of Twinkies...current bid...$152 with 29 bids. WTF is wrong with people?
2012-11-17 03:11:42 AM  
1 vote:

Coelacanth: Twinkies with beer creme liquor mixed into the creme filling?


FTFY
2012-11-17 02:09:16 AM  
1 vote:

chaosweaver: Current job is union. Normally don't care for unions, as they always sound whiny, and my father's experiences with them (see above csb) left much to be desired. However, working a job where I'm routinely exposed to saliva, blood and other bodily fluids, and 90% of the employees only have a basic grasp of the english language, having a union is fairly crucial. We're negotiating our contract tomorrow, and if we're lucky, we might finally get a direct deposit option.

Unions aren't always the problem, sometimes it's mismanaging dicks that refuse to bend to reasonable requests.


You make a good point most union basher forget - it's not all about money. Hell, PATCO wasn't about wages (those are set by Congress and can't be got by bargaining). Working conditions are important, especially safety
2012-11-17 02:04:30 AM  
1 vote:
Current job is union. Normally don't care for unions, as they always sound whiny, and my father's experiences with them (see above csb) left much to be desired. However, working a job where I'm routinely exposed to saliva, blood and other bodily fluids, and 90% of the employees only have a basic grasp of the english language, having a union is fairly crucial. We're negotiating our contract tomorrow, and if we're lucky, we might finally get a direct deposit option.

Unions aren't always the problem, sometimes it's mismanaging dicks that refuse to bend to reasonable requests.
2012-11-17 01:54:01 AM  
1 vote:

Ed Willy: smitty04: Since Miller makes the beer for PBR, who will make the Ho-Ho's for the new owners. Maybe the unions can buy the bakeries and make products for PBR.

MIller is union mad beer (Teamsters) and I think the PBR line is UAW made.

http://www.unionplus.org/union-made/beers

So this might end up going back to union made work, assuming the contractor is union.

The idea of the union buying the bakeries isn't unheard of, if they did a co-op. The Steelworkers Union is partnering with Spanish co-operative conglomerate Mondragon to develop worker run and union represented cooperatives. http://www.usw.org/media_center/releases_advisories?id=0523

I think with money men killing industry, the only answer is for workers to buy it themselves, while still competing on the open market. That's market socialism, which gives the perks of self management and ownership, plus market competition, and instead of workers, it's useless money men left out in the cold.


I'm actually really supportive of this idea. If done correctly it breaks the paradigm of money being pulled out of the economy through goods sold to the lower and middle classes (produced by their own labor, btw) and the value being diverted to the upper classes and investors.

Btw, if you are curious - look into how Valve runs their enterprise. To me it seems like a sensible way to extract and retain value from a work force inside a high tech environment.
2012-11-17 01:41:36 AM  
1 vote:

farkinlovit: noone forced you into a union job.......or did they???


No one forced the execs of Hostess to manage it into bankruptcy, twice.
2012-11-17 01:30:27 AM  
1 vote:

farkinlovit: Sheeples put themselves out of work. I'm sure the union folks are crying in their beds right now, belonging to a hotel, that they're writing off for the expenses on your dues....twice, probably.


You seem like the sheeple here. Company triples the pay of the CEO and jacks executive pay rates after bankruptcy. They offer a shiat contract to the union and close down when it is not accepted. PBR owner mentions they've been watching the company for years, and now act when they can dump unions and old factories onto communities. Let's keep an eye on the CEo and execs and see if they don't get jobs/consultant gigs with the new corporate owners.
2012-11-17 01:08:44 AM  
1 vote:
I would go out and buy a Twinkie that came with the original banana-flavored filling. Until the, I can't be arsed
2012-11-17 12:59:15 AM  
1 vote:
Twinkies, Ho-ho's and PBR?!

We need someone to get in front of a camera with all that, shouting "I'm white trash, and I'm in trouble!"

/god bless Trey Parker and Matt Stone
2012-11-17 12:47:19 AM  
1 vote:

Yamaneko2: skinink: So whick eBay buyers of the 'last' Twinkies feel like suckers now?

It's sad and funny that there will now be a Hostess without the Unions who went on strike in the first place. So now if any of them are hired by the new owners, the workers will have no bargaining power at all.

Don't be so sure.


The UnionPlus website states that Pabst is brewed by workers in the UAW.
2012-11-17 12:33:59 AM  
1 vote:
a union tried to take over my food coop, where I work, and we crushed the UCFW's dream of getting a big ol fat check every month for doing absolutely nothing. my wage, insurance/benefits, and job security are by far better than any of their propaganda contracts they showed....Felt great to tell them to go fark themselves, even after the union eliminating as many no votes as they could. Staff that worked there for more than a decade or two.

FARK you UCFW local 555....hope you lose the other two thirds of your assets this year ya crooks.hahahahahahahahahahahaha
http://www.mailtribune.com/apps/pbcs.dll/article?AID=/20120825/NEWS/2 0 8250310

"About a dozen of the co-op's staff, whose status the union deemed managerial, were excluded from voting in the election. The votes of six other assistant managers would have been counted only had the final tally been within six votes."
2012-11-16 11:50:24 PM  
1 vote:

stirfrybry: Ed Willy: smitty04: Since Miller makes the beer for PBR, who will make the Ho-Ho's for the new owners. Maybe the unions can buy the bakeries and make products for PBR.

MIller is union mad beer (Teamsters) and I think the PBR line is UAW made.

http://www.unionplus.org/union-made/beers

So this might end up going back to union made work, assuming the contractor is union.

The idea of the union buying the bakeries isn't unheard of, if they did a co-op. The Steelworkers Union is partnering with Spanish co-operative conglomerate Mondragon to develop worker run and union represented cooperatives. http://www.usw.org/media_center/releases_advisories?id=0523

I think with money men killing industry, the only answer is for workers to buy it themselves, while still competing on the open market. That's market socialism, which gives the perks of self management and ownership, plus market competition, and instead of workers, it's useless money men left out in the cold.

the average union worker doesn't have the ambition to be self-employed and be the risk-taker. They like to let someone else bargain for them and mindlessly play themselves as pawns in game of chess.

LOL unions are for slugs and thugs


Or like 3 of my uncles, they don't have Mommy and Daddy to give them a loan to start a business (their parents, my Grandparents, fled Poland after WWII with pretty much nothing).

BTW 2 of them *do* own their own businesses now - bc after they got out of the military union work gave them a decent wage so they could save up and do just that. One of them is still union (sheetmetal workers, does his own HVAC and owns rentals).
2012-11-16 11:05:44 PM  
1 vote:
ep.yimg.com

Some perspective on the Hostess debacle:

In the 60s a Drakes Ring Ding used to be 3x the size, cost 10 cents, and had to be refrigerated or else it would melt. In other words it was made with real chocolate. The Federal Reserve and it's money printing killed candy in this country LONG before any union placed the final straw.
2012-11-16 10:38:54 PM  
1 vote:

Darth_Lukecash: Yeah... Cause you know, that's what REALLY did them in.

farking money men and their farking money games. Hostess was a popular brand that was making money and putting Americans to work. Then the money men come in, and gamble with debt and the markets, while raping and gutting local/state/national economies. People get laid off, loose their way of life...all so some rich jackasses can have enough money to buy a polished gold turd bowl.

Then when they break their toy, they hand it over to their buddies who take a farking hammer to it, squeezing out the last of goddamn cents out of it.

And all that is left, pain and the sorrow of shadow of a company. A company sold a beloved product, served it's community and supported it's loyal workers with a good way of life.




You do know that the CEO is a big Dem contributor and Dick Gephart (former D politician) is half owner. Maybe you should read before you parrot the standard lib party line.
2012-11-16 10:37:15 PM  
1 vote:
I'd be surprised if some larger company didn't buy the Twinkie brand (and a few others), somebody like General Mills, Bimbo, Kraft, ConAgra, etc.

Twinkies may go away for awhile, but they'll be back.

I'm a Ding Dong fan myself.
2012-11-16 10:25:48 PM  
1 vote:

smitty04: Since Miller makes the beer for PBR, who will make the Ho-Ho's for the new owners. Maybe the unions can buy the bakeries and make products for PBR.


MIller is union mad beer (Teamsters) and I think the PBR line is UAW made.

http://www.unionplus.org/union-made/beers

So this might end up going back to union made work, assuming the contractor is union.

The idea of the union buying the bakeries isn't unheard of, if they did a co-op. The Steelworkers Union is partnering with Spanish co-operative conglomerate Mondragon to develop worker run and union represented cooperatives. http://www.usw.org/media_center/releases_advisories?id=0523

I think with money men killing industry, the only answer is for workers to buy it themselves, while still competing on the open market. That's market socialism, which gives the perks of self management and ownership, plus market competition, and instead of workers, it's useless money men left out in the cold.
2012-11-16 10:23:03 PM  
1 vote:

TheMightyTimmah: Hand Banana: Whoever gets it I hope they go back to the older recipes before they replaced all the ingredients with cheap crap and chemical preservatives. Maybe it is rose tinted glasses but I seem to remember them tasting much better once upon a time. They were probably awesome in the 30s.

They went to ESL (extended shelf life) in the early 2000s... Shelf lives went from a week on cupcakes to 19 days.

/Got laid off today
//Maybe not the best management team I've ever worked with in my career, but by far, far far the worst union workers of any company I've worked for


I am sorry you lost your job - it happened to me a few years ago after a buyout so I know how bad it sucks...
2012-11-16 09:56:22 PM  
1 vote:
my Dad was so cheap he would buy PBR's no frills label - Red, White & Blue. and that was upscale for him. the closest i ever seen him come to crying was when A&P Warehouse Liquors took their no-frills swill 'A&P Tudor Ale' off the market. he didn't talk for days, just stared at the black & white TV while munching the PathMark no frills equivalent of Cheez-It's and farting loudly whenever Mom tried to console him.
2012-11-16 09:51:19 PM  
1 vote:

Bit'O'Gristle: "We have analyzed this opportunity very carefully for a few years now," Metropoulos said in an e-mail. "Shedding the complications of the unions and old plants makes it even more attractive."

/Why is this surprising? Many American companies have closed down plants in the USA and gone to another country, and paid those poor bastards 2 bucks a day, if that.



It's too bad that both sides make it so difficult to just give people fair, but not union-extortionate rates in a non-adversarial environment.
2012-11-16 09:44:28 PM  
1 vote:
So whick eBay buyers of the 'last' Twinkies feel like suckers now?

It's sad and funny that there will now be a Hostess without the Unions who went on strike in the first place. So now if any of them are hired by the new owners, the workers will have no bargaining power at all.
2012-11-16 08:13:15 PM  
1 vote:
2012-11-16 07:38:11 PM  
1 vote:
Shedding the complications of the unions and old plants makes it even more attractive.

Yep, just the name. No plants or employees, like PBR.
2012-11-16 07:22:07 PM  
1 vote:
Could be a good fit, they get the cultural significance and they know how to do a turn around.
 
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