^
Keep Houston Press Free
4

Texas Pols, Make Sure Those Checks Have Cleared -- It's Bankruptcy Time For Bo Pilgrim

Ah, Bo Pilgrim -- it takes a tough man to go from passing out checks on the floor of the Texas Legislature to filing for Chapter 11 bankruptcy, but you've done it.

Pilgrim's Pride, the toast of Pittsburg, Texas, announced today that it's seeking bankrputcy protection "in an effort to address certain short-term operational and liquidity challenges," which is what we used to say in college a few days before payday.

"Over the past year, Pilgrim's Pride has faced a number of significant challenges including high feed-ingredient costs, an oversupply of chicken, weak market pricing and softening demand," said Clint Rivers, president and chief executive officer of the company.

I Support
  • Local
  • Community
  • Journalism
  • logo

Support the independent voice of Houston and help keep the future of Houston Press free.

The announcement emphasized that Pilgrim's Pride operations will continue throughout the court proceedings, so we assume Pilgrim will still be employing illegals and spreading chicken shit and guts into waterways everywhere they can.

Pilgrim, of course, has Rick Perry and George W. Bush in his list of people whom he's given copious amounts of cash to, so if he needs help in high places, he can probably get it. For a while.

-- Richard Connelly

Keep the Houston Press Free... Since we started the Houston Press, it has been defined as the free, independent voice of Houston, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Houston with no paywalls.

We use cookies to collect and analyze information on site performance and usage, and to enhance and customize content and advertisements. By clicking 'X' or continuing to use the site, you agree to allow cookies to be placed. To find out more, visit our cookies policy and our privacy policy.

 

Join the Press community and help support independent local journalism in Houston.

 

Join the Press community and help support independent local journalism in Houston.