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Message Subject Wait - Wuh?? Some Hostess Workers Feel 'Relief' at Losing Jobs ??????????
Poster Handle Anonymous Coward
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This is how vulture capitalism works. You take a company with assets you leverage it to the hilt. Get concessions from workers even if they aren't that much. Keep squeezing all the short term profit you can out of the company and when it's done you bankrupt it and sell off all the assets. No matter what these employees did the end goal would have been the same. Vulture capitalism is all about about short term profit. This is exactly what Rick Perry and Newt Gingrich were talking about.
 Quoting: Anonymous Coward 23940066


Remember the movie 'Pretty Woman'? Thats what Richard Gere's character did - bought companies up on the cheap then broke them up for more parts.

In the end though, his most recent target he decided to join with the family-owners to resurrect the company. And of course he got the girl too - but thats another story.
 
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