The Associated Press on Sunday posted a "rare and extensive" interview with Don Tyson, the former chairman of Springdale-based Tyson Foods Inc. The article provides interesting detail on the help Don Tyson and his former "lieutenants" Leland Tollett and Buddy Wray are providing the current company management in this time of high feed, fuel and other input costs.
Don Tyson is the managing partner of a partnership that owns a majority of the voting stock at Tyson Foods — the world’s largest meat company. Tyson talked directly about his ability to better control the company through his majority voting position.
"It lets you do long-range plans. It lets you buy a little company in India and know that the best it’s going to do for a couple years is break even," he said. "If you’re a real public company, that’s got to have quarter to quarter (expletive) increases, somebody is going to be on your ass about what the hell did you buy India for."
For the full story, link here.