Wednesday, May 12, 2010

"That $100K From Fast-Food Firm? Fuggedaboutit!"

Now, Ms. Obama is wary of the eeeeeeeeeeeevil fast-food biz.

But that wasn't always the case.

...a few months after her husband was elected to the U.S. Senate, Mrs. Obama hustled a seat on the corporate Board of Directors of TreeHouse Foods, Inc. Despite zero experience, the food-processing company put her on its audit and nominating and corporate governance committees. For her on-the-job training and the privilege of putting her name and face on their literature, the company forked over $45,000 in 2005 and $51,200 in 2006 to Mrs. Obama — as well as 7,500 TreeHouse stock options worth more than $72,000 for each year.

(Which appointment, by the way, should inspire a shareholder action against the TreeHouse CEO, Sam Reed.)

TreeHouse says this about their products:

Through Bay Valley Foods we market to the retail and food service industries a wide array of products including pickles, relish, non-dairy creamer, soup, broth, gravy, infant food, salsa, picante, cheese sauce, pudding, syrups, sauces, dressings and liquid egg substitutes.

Nice; I don't really want to know what a "liquid egg substitute" is, by the way.

HT: Malkin

No comments: