OTHER NEWS - Feb. 6, 1992
From Times Staff and Wire Reports
Tyson Executives Take Big Pay Cuts: Tyson Foods Inc.’s leaders took pay cuts averaging 33% in fiscal 1991 because of slow sales growth, the chairman of the chicken processing company said. “If we do good and the shareholders do good, then the salaries reflect that,” Don Tyson said. “If we don’t, then we certainly don’t believe in paying it out.” Sales rose only 2.5% in fiscal 1991, although profit jumped 21%. Don Tyson took the largest salary cut, according to a company proxy. He was paid $1.81 million in fiscal 1991, 41% less than the $3.07 million he received in fiscal 1990.
