John Tyson Takes $1M Salary, $3.48M Bonus
SPRINGDALE, Ark. (AP) _ Tyson Foods Inc. chairman and chief executive John Tyson received a $3.48 million bonus on top of a $1 million salary for 2002, the company said in a Securities and Exchange Commission filing.
The proxy statement filed Thursday also says Tyson drew 300,000 shares of company stock, and he has an option to purchase 200,000 shares at a discounted price of $9.32 per share. The executive received an additional $172,463 in other compensation, a total that includes $83,606 for travel and $74,290 for entertainment.
For 2001, Tyson’s salary was $650,000, with a bonus of $2.12 million. In 2000, Tyson had the same $650,000 salary but drew no bonus.
Tyson Food’s co-chief operating officer, Richard Bond, had a 2002 bonus of $1.96 million and salary of $900,000. Greg W. Lee, the other co-chief operating officer, made a $1.41 million bonus in 2002, while drawing a salary of $650,000.
The three are the only Tyson executives drawing seven-figure pay.