Dana Summers is the creator of the comic strip Bound and Gagged. He also finds time to co-create a second strip, The Middletons, with fellow Orlando Sentinel cartoonist Ralph Dunagin. His third job is editorial cartoonist for The Orlando Sentinel. His editorial cartoons have been in syndication since 1985.
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Comments (17) (Please sign in to comment)
Robert Landers said, 6 months ago
What on Earth is everybody going to do if the court ordered working out period actually leads to a settlement, and the Twinkies continue to roll?
What an irony that would be after all of this!!
narrowminded said, 6 months ago
@Robert Landers
You mean that structured bankruptcies actually work?
You mean the Govn. doesn’t have to steal the property of bond holders and give it to the union that is causing the company to go under. You mean political graft isn’t always the solution?
Hmmm, must not be enough votes to be worth the effort.
mikefive said, 6 months ago
@Robert Landers
If the money isn’t there, it won’t matter what the court orders. Once the well runs dry it’s an exercise in futility to keep trying to get water out of it and pouring water into the well so others can take it out is insanity.
ruffinready said, 6 months ago
Than k God for Zingers!
olddog1 said, 6 months ago
Sell the brand name and make them in Mexico. Or, with their shelf life they could be shipped by slow boat from China.
Adam Sperry said, 6 months ago
@ruffinready
Dolly Madison and Zingers were bought by Hostess long ago.
Adam Sperry said, 6 months ago
@olddog1
That’s exactly what’s going to happen as a Mexican bakery company buys up the brand.
Adam Sperry said, 6 months ago
@Mr. King
Hostess got Baned- bought by some Mitt Romney-type, saddled with debt, CEOs given unreasonable raises DURING the bankrupcy, company sold for parts (while blaming the Union the whole way).
Nothing new here and nothing the public doesn’t see through.
ansonia
said, 6 months ago
@Mr. King
Yeah, way better to shut down the company and put everyone out of work than to let the CEOs have a bonus.
ansonia
said, 6 months ago
@Adam Sperry
Nice little jab at Romney there.
It was Tim Collins, a Democrat who pumped in $130 million in order to obtain equity control of Hostess as it was emerging from its last bankruptcy. And Dick Gephardt, another prominent Democrat, whose consulting group just happens to also be an equity owner of Hostess.
mikefive said, 6 months ago
@Mr. King
Although the the pay increases and bonuses received by Hostess executives is insignificant (and legal) as a part of gross income it does seem immoral to give themselves those monies or for the board of directors to vote them those monies while asking the troops to take a pay cut and reduction in benefits.
I don’t know if a change in work rules would have kept Hostess a viable company, but if those changes could have kept the company viable and the union officers rejected those changes then they didn’t do their members and favors.
Radish
said, 6 months ago
Now Suzy Q will have to become one of the Ho Hos to make a living.
dannysixpack said, 6 months ago
@gricks
take a pay cut, heavens no. this is the kind of thing bain did (only worse) and here’s what happened. it’s called a leveraged buyout. the LBO buys the company and puts it’s friends into the executive positions. they leverage every bit of equity then can. This means that they borrow money from the bank on everything, the plant, equipment, the good will from an on-going business. in this case they raised the executives (their friends) compensation from 750k/year to 2.1 million a year. Now the company is losing money, the banks (us taxpayers) are on the hook. They point to the unions unreasonable demands to not have their pay cut 30% as the problem. If they get the pay cut, they get the difference in bonus (which isn’t what they’re after). company goes bankrupt, the assetts are sold to another company that then starts up and makes twinkees in somalia for slave wages. the proceeds from the sale of the assetts goes to the payments guaranteed to the executives (because a contract is a contract!). workers out of work. bank settles for pennies on the dollar (taxpayer funded), executives are out of work too, but they have all that money to spend, and invest in the next LBO. It’s all legal. anyone think it’s ethical, moral and right?
Tigger
said, 6 months ago
@Robert Landers
Nope, didn’t work, Hostess is shutting down.
The MSM called the deal Hostess offered the Union a very favorable Deal for the Union, they balked, and now they will lose their job.
18,000 jobs lost across the nation Thanks t the Union being too greedy
Tigger
said, 6 months ago
@Mr. King
Why didn’t the Big 3 Auto CEO’s take pay cuts? Had they taken pay cuts, then Obama would not have had to bail them out.