2012-12-04 — huffingtonpost.com
The acting CEO of Hostess Brands, the failed Twinkies-maker, will not take part in a company-wide pay cut.
Though he imposed an 8 percent pay cut for all Hostess workers, Gregory Rayburn's monthly $125,000 pay -- or $1.5 million a year -- will remain unchanged, a company spokesman told The Huffington Post on Monday. Rayburn is not on the Hostess payroll and therefore isn't subject to the imposed pay cut, the spokesman explained.
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