I’ve no doubt that top execs of Hostess Brands, the makers of Twinkies, Hostess Cupcakes, and Wonder Bread, have been living high at the expense of the company and its workers. But Hostess has been on the ropes for years (having filed for bankruptcy twice over the last eight) and everyone knows the score. Junk food is a dying industry, patronized (like cigarettes) only by the lower-middles and kids and the poor. But the union struck anyway and now the owners have pulled the plug.
“The Hostess corporation has been making crappy, bad-for-you snack food since 1930, and after 81 years they’re going under? I’m ashamed to admit that I’ve been eating those rotgut chocolate cupcakes (my favorite are the kind with the chocolate icing on top of the vanilla-biege cake) since I was eight years old, and I can’t be the only one who succumbs. Wonder Bread is a joke, but people are still eating it.” — from 1.11.12 post titled “Made America Great.”