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Hostess : Forbes weighs in on who is to blame

by grimgraphix / November 19, 2012 1:41 PM PST

Management dropped the ball. They concentrated on doing everything EXCEPT making a product that lots of people wanted to buy. Yes, people bought Twinkie's and HoHo's and Wonder Bread... but not enough people bought them. Then there is the questionable strategy of loading on debt to keep the company working at loosing money.

Yes, it's the old story of a company that refused to admit they made a product that was unprofitable. Maybe Hostess is where all those out-of-work US car executives went after they got their butts kicked by Japanese imports in the 1970's and 80's?

We won't go into how management gave themselves huge raises right before asking everyone else to take wage and benefit cuts. That practice seems to be the swan song of every failed company.
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Bottom line maybe?
by Steven Haninger / November 19, 2012 8:29 PM PST

Perhaps the real failure was in the company's lack of ability to convince a customer base to buy a product that wasn't considered in their best interests. It was a marketing failure caused by their inability to fool an astute public. It was doomed from the first bankruptcy process. The product should have been pulled from the shelves then and all the workers let go rather than dragging this on and allowing it to grow political roots.

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did you just say that? did you really just say that?
by grimgraphix / November 20, 2012 1:49 AM PST
In reply to: Bottom line maybe?

Close a company rather than fix a company... all to avoid political roots ?!?!?! When presented with a critical examination of Hostess which has nothing to do with politics, all you can focus on is politics?

That has got to be the most sarcastic, cynical and asinine statement I have ever heard you make.

Wow.... just wow.

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(NT) Keep it up. You're doing fine.
by Steven Haninger / November 20, 2012 5:37 AM PST
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