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How the Sriracha guys screwed over their supplier

Posted by thunderbong |2 hours ago |5 comments

neya 11 minutes ago[1 more]

I wish there was a wall of shame blacklist for CEOs who pull unethical shit off. With reviews and ratings from everyone around them. Kind of like yelp, but for CEOs. Then, anyone who wants to start a new venture or giving them any money, can then go look em up there before signing a contract with these trash CEOs. Right now, they only get away with all this because it all happens under the table and not enough people know.

pprotas 17 minutes ago

Human greed knows no bounds

Mistletoe 3 minutes ago

Now I know to buy the Underwood brand sriracha.

lioeters 25 minutes ago

It's a story of betrayal and backstabbing, a decades-long business relationship gone bad, an immigrant's rise to success and moral ruin by greed. There's a lesson in there about having a single customer dominate your business.

Background: https://en.wikipedia.org/wiki/Huy_Fong_Foods#Pepper_supply

Sriracha maker Huy Fong ordered to pay $23 million in damages to chili pepper supplier it severed ties with after three decades. They had first tried to sue the supplier, when the latter ended the partnership due to Huy Fong's attempt to lure their chief operations officer. The supplier counter-sued and won the case.

People are now switching to the Underwood brand of Sriracha, made by the original chili pepper supplier.