• If you are having problems logging in please use the Contact Us in the lower right hand corner of the forum page for assistance.

Ranchers.net

Did you see the news blurb in yesterday's USA Today entitled, "Flying into the sunset?" Interesting comments about Don Tyson.

"Some executives retain rights to company-paid personal flights (in public companies) after they retire. Under a consulting agreement that calls for a maximum 20 hours a week of 'advisory' services (which, to me, means that he really doesn't have to do anything when they say 'a maximum'), former Tyson Foods chairman Don Tyson gets $1.2 million annually through 2011, plus 150 hours of personal use of company aircraft for himself or designated passengers. In fiscal 2004, his flight time cost the company $92,764."

The 1.2 mil and the flight costs would be in the expense category in the company books, right? If the market sets the selling price of beef (the income side - which has to offset more than expenses to yield a profit), how does the company offset "Don's perks?"

Just thought I would stir up the water a little. :)
Top