Hostess With The Mostest, Not.
After hearing countless conservatives blame labor for the failure of Hostess, let's take a look at what conservative, pro-business Forbes magazine has to say about it:
Hostess' Twinkie Defense is a Management Failure - Forbes
...management’s claim that unions caused Hostess failure is just as outrageous.
Failure was management’s fault.
By constantly trying to defend and extend its old business, leadership at Hostess killed the company. But not realizing changing trends in foods made their products irrelevant – if not obsolete – and not changing Hostess leaders allowed margins to disintegrate. Rather than developing new products which would be more marketable, priced for higher margin and provide growth that covered all costs Hostess leadership kept trying to financial engineer a solution to make their horse and buggy competitive with automobiles.
BTW, Forbes doesn't even mention that executives got a 300% pay raise while labor took pay cuts. What a good example of the breakdown of our business model. Greed is attempting to destroy America. But what the hell? He who dies with the most toys wins.