Members of the small union that refused to bargain with Hostess are now looking for work. “I guess we showed ’em.” Yes, they did.
They are on food stamps now. They are receiving their unemployment checks from the federal government. The taxpayers are paying for their stand against the capitalists who owned Twinkies. With respect to taxpayers, union members are saying, “I guess we’re showing them.” Yes, they are.
The company is selling off its brands. Most of them I have never heard of. Little Debbie is bidding for them.
The Hostess product line was fading. This shows what happens when companies rest on their laurels. The firm had lost market share. It had a line of marginally profitable products, like Yodels. It borrowed against these names. Management lost. So did the lenders.
If your company is not growing, you’re in trouble.
Anyone who lends money to an old company that is not growing is taking a huge risk. Don’t buy the stock of such a firm. Yet lots of investors did.
The company wants a fast sale. The longer that these products are off the shelves, the more likely it is that buyers will switch loyalties.
Loyalty? To Yodels? Little Debbie had better act fast. People with sweet teeth are committed to sugar, not recipes.
What is true for companies is also true for careers. If you’re not advancing, you’re in trouble. You are expendable.