Hostess bosses offered empty calories to the workers
There have been a number of stories in recent days implying that the demise of Hostess was somehow the result of unreasonable demands from workers. Here, however, are a couple of stories that debunk that narrative.
In the first (“No cupcake: Workers turn down bad deal from Hostess”), Dean Baker at the Center on Economic and Policy Research points out that the management team with whom the workers were attempting to negotiate were basically a bunch of predatory knuckleheads.
In the second (“Hostess blames union for bankruptcy after tripling CEO’s pay”), the folks at Think Progress provide more disturbing details.