Tyson CEO, Other Execs See Smaller Bonuses in 2005
by January 16, 2006 12:00 am 63 views
John Tyson, the chairman and CEO of Tyson Foods Inc. of Springdale, received a smaller bonus in 2005 than in 2004, according to the meat processor’s proxy filed with the Securities & Exchange Commission.
According to the proxy, John Tyson received a salary of about $1.1 million and a bonus of about $3.2 million for 2005. For 2004, he received a salary of about $1 million and a bonus of about $5.4 million.
In all, the CEO’s total compensation reached about $5.5 million for the fiscal year, which ended Sept. 30, down from $7.2 million in fiscal 2004.
While all executives received salary increases, most received smaller bonuses:
• Richard Bond, director, president and chief operating officer, received a bonus of about $1.4 million, down from $2.3 million in 2004.
• Greg W. Lee, chief administrative officer and president of Tyson’s international division, received a bonus of $600,000, down from $1 million in 2004.
• Eugene D. Leman, senior group vice president of the fresh meats division, received a bonus of $258,000, down from $500,000 last year.
Only one executive, Dennis Leatherby, senior vice president of finance, treasurer and interim CFO, received a larger bonus for 2005 than 2004, taking home $280,000, up from $175,000 last year.