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Hostess faces ‘difficult,’ ‘painful’ path
date:Aug 25, 2012
Mr. Rayburn provided insight into the challenges (including an 8% across the board wage/salary cut) facing the company as part of an Aug. 23 interview that aired on CNBC.
Reflecting on how Hostess ended up in this position, Mr. Rayburn told CNBC that excessive debt and inadequate reinvestment into a business over a period of many yearsis a recipe for serious trouble at many companies, including Hostess.
I think for Hostess, we have a path to emerge, but its a difficult one, its a painful one, Mr

12/22 15:14