Hostess CEO Cuts Worker Pay, But Leaves Own Salary Untouched

Hostess CEO Cuts Worker Pay, But Leaves Own Salary Untouched: After failed Twinkies-maker Hostess filed for bankruptcy in November, acting chief executive Gregory Rayburn imposed an 8 percent across-the-board pay cut on the company’s workers. Despite those cuts, Rayburn, who took the company over after its second bankruptcy filing in March, will not be subject to the pay cut because he is not technically a [...]/p