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Who Killed Hostess?

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It wasn’t labor.

But at least the executives believed in shared sacrifice to save the company, right?

That overlooks the years of union givebacks and management bad faith. Example: Just before declaring bankruptcy for the second time in eight years Jan. 11, Hostess trebled the compensation of then-Chief Executive Brian Driscoll and raised other executives’ pay up to twofold. At the same time, the company was demanding lower wages from workers and stiffing employee pension funds of $8 million a month in payment obligations.

Shared sacrifice in the Althouse sense, at least.

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