Tyson Foods 2000 Annual Report Download - page 8

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C R E ATING SHAREHOLDER VA L U E
Going forward we are setting financial goals on Earnings
Per Share (EPS) and ROIC. We want to achieve an average
double-digit EPS growth and an ROIC of 18 percent by 2003.
Focusing on these financial goals will help us create long-
term shareholder value.
I believe linking management compensation to per-
f o rmance is also crucial to creating shareholder value. Our
b a lanced scorecard system combines our financial o b j e ct i v e
of ROIC with the business objectives of our d i v i s i o n s ,
including operational goals, customer satisfaction, our brand
and our people. The balanced scorecard is re-evaluated each
year to reflect current realities, while maintaining a focus on
long-term performance.
To meet the goals I’ve outlined in this letter, we must
continue to lead and to hold ourselves accountable for our
actions. By treating our people and our communities with the
utmost respect and integrity, we will run this company the
right way. I expect nothing less from them, and I know they
expect nothing less f rom me. We are committed to strictly
complying with all laws and regulations and adhering to the
highest ethical standards in the conduct of our business. It is
essential to the long-term interests of Tyson Foods, our team
members, our shareholders and the communities in which we
live and work.
I’ve reviewed our governance structure, and I believe
we have a very strong board of directors – both in its mem-
bership and in its organization. I do believe, though, that we
needed more independent directors; therefore, we have three
new independent directors, Jim Kever, David Jones and
Barbara Allen. Jim is the CEO of Envoy Corp., David is
the c h a i rman and CEO of Rayovac, and Barbara is the
p re sident and COO of Paladin Resources. We’re proud to
have them with us.
A BRIGHTER FUTURE AHEAD
Fiscal 2000 was a challenge. Conditions aren’t going to
change overnight, but we believe we’re taking the right steps
for 2001. We will continue focusing on value-added pro ducts,
which are less susceptible to market fluctuations. We have
the people, the products and the assets, and they are concen-
trated on meeting 100 percent of our customers’ needs. We w i l l
continue to be the leading strategic partner for our customers
– a partner they can rely on to meet all their chicken needs.
Creating long-term shareholder value is at the heart of
all our goals, and we can achieve our goals if we work our
plan. Our goals are based on our strengths. We have the
right people. We have the right products. Tyson is the number
one chicken company in the world. We know this business
better than anyone. We will be successful.
John Tyson
Chairman, President and
Chief Executive Officer
Besides, there is only one #1.