The myth that there is one villian in the demise of Hostess

Can be wiped away by reading this, Who’s to Blame for the Hostess Bankruptcy: Wall Street, Unions, or Carbs? – Jordan Weissmann – The Atlantic. As anyone with intelligence would suspect, it is not a simple matter of blaming the unions or the executives, though all have made bad decisions that have cost the company. It also sounds like the company is dysfunctional from top to bottom. Finally, as much as people are sentimental about the loss of the company, I think there is more sentiment than demand for the product.

There will be lots more to come from Hostess, or whomever ends up taking over the products they produce. But to use the situation as one to make political points means you miss the real problems there.

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