Originally Posted by Droid101
The $700 million in debt is what killed Hostess. Their hedge fund managers hollowed out the company, and used the cash to purchase their next victim. When Hostess couldn't make their loan payment, it was up to the employees to pony up the difference. The owners had already made their loot.
Any idea what made Hostess prey to that in the first place? Can we expect the same thing to happen to more high-profile companys?