Donnie King (ceo) made 34 million last year alone. That would cover about 1/3 of the salaries for that plant for the year assuming avg $60k annual salary.
Test-User-One on
Tyson has had a negative profit margin for at least 3 years. The fact they need to be closing plants and shutting down operations is not a surprise in the least.
EDIT: as has been pointed out below, the above is incorrect. Tyson’s last 3 years of margins are 0.87%, 1.5%, and -1.23%. So only unprofitable 1 year, but definitely struggling.
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Donnie King (ceo) made 34 million last year alone. That would cover about 1/3 of the salaries for that plant for the year assuming avg $60k annual salary.
Tyson has had a negative profit margin for at least 3 years. The fact they need to be closing plants and shutting down operations is not a surprise in the least.
EDIT: as has been pointed out below, the above is incorrect. Tyson’s last 3 years of margins are 0.87%, 1.5%, and -1.23%. So only unprofitable 1 year, but definitely struggling.