The company has been gutted by the CEO and the execs. Hostess was an LBO (Leveraged Buyout).

Company goes bankrupt, gets bought by private equity group.

Group leverages the company to the tune of tens of millions of dollars. Equity firm takes all that money as consultation fees and bonuses. And they keep taking money from the company until the company cannot pay the interest on the debt.

Then they cut the pay to the employees, and fire whomever they can.

The whole time they have their hands out for tax incentives and whatever other government welfare they can get (offsetting their debt to us).

This is the Bain Capital model, and this is officially endorsed here on this board by all the moderators, and most of the members. They are complete morons, and have descended to the level "complete piece of shit".