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De Omnibus Dubitandum - Lux Veritas

Sunday, November 18, 2012

Union: 'Bain-style' killing of Twinkie

The Bain attack is back.

By KEVIN CIRILLI | 11/16/12

This time it’s being used against Hostess Brands, the Twinkies and Wonder Bread maker that announced Friday it was closing. AFL-CIO President Richard Trumka drew the comparison in a public statement Friday. “What’s happening with Hostess Brands is a microcosm of what’s wrong with America, as Bain-style Wall Street vultures make themselves rich by making America poor,” Trumka said in a public statement. “Crony capitalism and consistently poor management drove Hostess into the ground, but its workers are paying the price.”  Earlier Friday, Hostess Brands announced that it would be closing, which the company said was precipitated by a workers’ strike.  Trumka’s comparing Hostess to Bain comes after an election in which former GOP presidential nominee Mitt Romney was criticized for co-founding Bain Capital. To Read More….

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