Requiem for the Twinkie, Addendum

ACADEME BLOG

In September, I posted to this blog an entry titled “Requiem for the Twinkie,” in which I observed that the venture-capital firms that hold a controlling interest in Hostess Bakeries were attempting to plunder worker pensions as a last step in their wringing all possible profit out of the company that they were purportedly trying to save. It was not a difficult thing to recognize or understand. This sort of pattern in the “harvesting” of American companies by financial firms has been recurring with regularity over the last two to three decades, and, in truth, the management of Hostess Bakeries has not been focusing primarily on baked goods since the mid-1970s.

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