How much more do you need to know? In spite of what they claim, if the Chinese decide to poison the American pork consumers, these bosses won't give a crap. From Bloomberg: Smithfield Foods execs, who
run one of the worst-performing large U.S. food makers over the past five
years, are set to reap at least $85.4 million from its sale to China’s
Shuanghui International Holdings Ltd. The company has been under pressure from
its biggest shareholder for lagging behind competitors Hormel Foods Corp. and
Tyson Foods Inc. Continental Grain Co., which has a 6.8 percent stake, said in
March that Smithfield
should appoint new managers and break itself into three businesses as rising
animal-feed costs made its hog-production unit unprofitable.
The total payout is based on the stock and share options
held by Smithfield ’s
five top executives, according to data compiled by Bloomberg. Among the
managers, CEO C. Larry Pope owns stock valued at $25.4 million based on the
$34-per-share offer price, according a May 17 filing…
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