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Company Profile
Company Profile
"Tyson is now a kind of Wal-Mart of meat, seeking to control every step of production from farm to supermarket." Business Week, 9/20/04
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Tyson Foods was founded in 1935 and is headquartered in Springdale, Ark. With 2004 sales of $26.4 billion, Tyson is the second largest food company in the Fortune 500. The company is fiscally sound, with little or no corporate debt and soaring stock price, which increased 25 percent in 2004.
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Tyson dominates the poultry and meat industries controlling 27 percent of sales across the U.S. One out of every four pounds of chicken, beef and pork consumed in the U.S. is a Tyson product.
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It is the largest poultry processing company in the U.S. with 50,000 employees at 59 plants. Tyson is also the world’s largest supplier of premium beef and pork, as well as a diversified producer of hundreds of consumer-ready food products. The beef and pork operations depend upon independent livestock producers to supply their plants. The company buys millions of cattle and hogs each year to supply 10 beef plants and six pork plants. About one of every three steaks and one of every five pork chops sold in the U.S. come from product produced at a fresh meats plant.
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At its Lakeside Packers plant in Brooks, Alberta, Tyson makes $200 per slaughtered animal, which translates to $700,000 a day, six days a week.
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Tyson Foods Chair and CEO John Tyson made $20 million in 2004--that's $9,000 per hour. He has also had to pay authorities thousands and thousands of dollars back for alleged abuses of corporate perks.
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Tyson's slogan "Tyson. It's what your family deserves.®" is part of their "comprehensive, integrated communications program focused on Tyson's commitment to families and communities."
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