Business

Hostess CEO: No pay cut

Hostess CEO Gregory Rayburn does not see himself as a Hostess employee, and therefore is not taking a company-wide 8 percent pay cut that he introduced.

Rayburn last week described himself to The Post as outside help and said he was entitled to his $125,000 monthly salary.

He also said he would leave Hostess once he is no longer needed.

America’s largest baker hired the restructuring expert in May to lead the bankrupt business.