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The real question should be
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<blockquote data-quote="Bagels" data-source="post: 1067845" data-attributes="member: 43436"><p>Thanks for telling me what happened. I'll tell you what really happened, though: Hostess erased most of its debt in bankruptcy but needed to take on new debt intended for conversion into operating capital. Hostess should never have emerged from bankruptcy without addressing its incredibly high labor costs, but its Democratic "venture capitalist" felt strongly that sales would rise. He was dead wrong, and the decline in sales accelerated. When your revenues continue to fall every year, you need to cut expenses - not add to them.</p></blockquote><p></p>
[QUOTE="Bagels, post: 1067845, member: 43436"] Thanks for telling me what happened. I'll tell you what really happened, though: Hostess erased most of its debt in bankruptcy but needed to take on new debt intended for conversion into operating capital. Hostess should never have emerged from bankruptcy without addressing its incredibly high labor costs, but its Democratic "venture capitalist" felt strongly that sales would rise. He was dead wrong, and the decline in sales accelerated. When your revenues continue to fall every year, you need to cut expenses - not add to them. [/QUOTE]
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