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How the Sriracha guys screwed over their supplier

75 pointsby thunderbongtoday at 4:16 AM9 commentsview on HN

Comments

neyatoday at 6:25 AM

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.

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SilverElfintoday at 7:03 AM

Yep this was a very controversial thing when it happened. They tried to squeeze the farmer who supplied all their peppers from their earliest days - why would you do that unless you have no morality? And now the Huy Fong Sriracha tastes different, and Underwood’s own Sriracha is actually what tastes best.

I’m glad to hear there was a happy ending to the epic greediness and underhanded tactics of Huy Fong:

> Later, obviously, there's a lawsuit. Funnily enough, it wasn't actually Underwood who sued Huy Fong. It was Huy Fong who sued Underwood, seeking refunds for payments it had made earlier under their contracts. Underwood turned around and counterclaimed for breach of contract and fraud and a bunch of other shit. Underwood succeeded - there was a unanimous jury verdict in their favor - and got awarded about $13 million in compensatory damages, and another $10 million in punitive damages (these are only awarded where you've done something so outrageous that it's quasi-criminal; it's to deter other people from doing similar things).

pprotastoday at 6:19 AM

Human greed knows no bounds

Mistletoetoday at 6:33 AM

Now I know to buy the Underwood brand sriracha.

It looks like this:

https://a.co/d/06NNRslo

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