In March Brian Driscoll resigned as CEO and was replaced by Gregory F. Rayburn, who had been hired as chief restructuring officer nine days earlier. "Fortune" reported that unions in the company were unhappy with Driscoll's proposed compensation package of $1.5 million, plus cash incentives and $1.95 million in long-term compensation. The court had discovered that Hostess executives received raises of up to 80 percent the previous year. Rayburn cut the salaries of the four top Hostess executives to $1, to be restored by January 1 of the following year or earlier.