GREED is what kills companies.
Greedy workers and greedy management and greedy stockholders who all demand an unreasonable return on their respective investments.
The union where I work just voted NOT to walk out by about 9 to 1. The owners have threatened several times to shut it down if it loses money consistently.Keep in mind many of the union workers receive over $25 per hour,some near $35.
BS.
You think the people running successful companies aren't greedy? They are, because everyone is. Every person in management, and every worker, and every customer is "greedy." People are greedy. They want the highest pay they can get, and the most stuff for their money.
Everyone.
The genius of capitalism is that it pits the greed of sellers against each other and against the greed of buyers, thereby cancelling it all out. Buyers and sellers must compete for business or it doesn't happen. The only way a free-market transaction takes place is if both buyer and seller voluntarily agree to it.
What messes up this equilibrium is when either buyers or sellers have a disproportionate amount of power in the transaction. That's a monopoly. It reduces or eliminates the competition, so the best deal can't be reached. Your only choice is "all or nothing."
People understand that a monopoly is a bad deal, but some seem to think that the labor monopoly created by unions is somehow a Good Thing. It's not.
Such "free association and collective bargaining" is prohibited by law when it comes to businesses; it's called "price fixing." But the "price fixing" labor monopoly among workers is called a Union. It's protected by law.
Everyone in the economy is both a buyer and a seller. Employers are buying labor, and should be allowed to shop around for it just as workers are allowed to shop around for employment. But they can't.
Unions are a Bad Thing which have caused whole industries to collapse. The American steel industry is one, and our auto industry is very nearly the next.
Hostess chose the "nothing" option, because it simply couldn't afford to continue with the union's "all" position any longer. Government unions put the same unfair and expensive "deal" over on taxpayers. But we don't get to liquidate and kick the union to the curb. We just have to eat it.