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Union Wins! Hostess Out of Business
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<blockquote data-quote="wkmac" data-source="post: 1055909" data-attributes="member: 2189"><p>Didn't know those details so thanks. Did the 25% stake come with a say in company management or did the 75% just dictate direction and the 25% were still in a losing situation anyway ie sinking ship? Just curious.</p><p></p><p>Depending on the economics and assuming your facts above as accurate, the 10% cut may not have been a bad deal in the long run but I'm assuming a lot without full disclosure of the details.</p></blockquote><p></p>
[QUOTE="wkmac, post: 1055909, member: 2189"] Didn't know those details so thanks. Did the 25% stake come with a say in company management or did the 75% just dictate direction and the 25% were still in a losing situation anyway ie sinking ship? Just curious. Depending on the economics and assuming your facts above as accurate, the 10% cut may not have been a bad deal in the long run but I'm assuming a lot without full disclosure of the details. [/QUOTE]
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