Tyson Foods 2003 Annual Report Download - page 69

T
y
s
on
F
oo
ds
,
I
n
c
.
67
b
o
ab
o
a
rr
d o
f
d
i
d o
f
d
i
rr
ee
c
t
c
t
orsors
TYTY
SS
O
N
O
NF
O
F
O
ODOD
S,S,
IN
IN
C.C.
2
2
003003
A
A
NNNN
UAUA
LL
RERE
P
OR
P
OR
TT
1.1.
Do
Do
n Tn T
ysys
TT
TT
onon
,,
7
3,
7
3,
r
r
et
i
et
i
rr
e
d
a
s
e
d
a
s
S
enior
C
S
enior
C
hh
aa
irir
man o
f
t
h
man o
f
t
h
ee
BB
oaroar
dd
in
Oc
in
Oc
to
b
to
b
ee
r
20
r
20
01.
H
e
s
01.
H
e
s
erer
ve
d
a
s
ve
d
a
s
S
enio
r
S
enio
r
C
hai
r
C
hai
r
man
fr
man
fr
om 1
995
om 1
995
u
n
u
n
t
i
t
i
l
2l
2
00
1
.00
1
.
Mr
Mr
. T. T
ysys
TT
TT
onon
h
a
s
h
a
s
b
b
ee
en a member o
f
the Boa
r
en a member o
f
the Boa
r
dd
ss
i
nc
ei
nc
e
1
1
9
5
2.9
5
2.
11
2.2.
J
o
h
J
o
h
n Tn T
ysys
TT
TT
onon
,,
5
0,
5
0,
is
is
C
hai
r
C
hai
r
man o
f
t
h
man o
f
t
h
ee
BB
oaroar
d
an
dd
an
d
C
C
hh
ii
e
f
e
f
E
xe
cE
xe
c
utive
O
utive
O
ff
f
i
cf
i
c
erer
o
o
f
the
C
ompany and
hf
the
C
ompany and
h
aa
s
h
e
ld
his
s
h
e
ld
his
c
u
r
c
u
r
rr
en
t
en
t
t
i
t
l
t
i
t
l
e s
i
e s
i
nce
O
nce
O
cto
b
er
2
cto
b
er
2
00
1
.00
1
.
H
H
ee
ser
ser
ve
d
a
s
ve
d
a
s
C
hai
r
C
hai
r
man,man,
Pr
Pr
eses
id
en
tid
en
t
and
C
E
O
fr
and
C
E
O
fr
om
Ap
om
Ap
rr
ilil
2000
2000
to
Oc
to
Oc
to
b
to
b
ee
r
20
r
20
0
1
,0
1
,
aa
s
C
s
C
hh
aa
irir
man
fr
man
fr
omom
11
998998
to
to
A
pr
i
A
pr
i
l
20
0l
20
0
0 an
d
0 an
d
ii
n
on
o
t
h
e
r
t
h
e
r
e
x
ec
e
x
ec
ut
i
ve
c
ut
i
ve
c
apacapac
i
t
ii
t
i
es
pres
pr
i
or t
oi
or t
o
1
99
1
99
88
..
MrMr
. T. T
rr
ysys
TT
TT
onon
h
a
s
h
a
s
been a member been a member
oo
rr
f
the Boa
rf
the Boa
r
d
s
id
s
i
nn
cc
ee
11
9898
44
..
11
3.3.
L
e
l
L
e
l
an
d
an
d
E
.
T
E
.
T
olloll
TT
TT
e
tt
e
tt
,,
66,66,
a
p
r
i
a
p
r
i
vate
i
vate
i
nn
vv
estorestor
, s, s
rr
rr
erer
ve
d
a
s
ve
d
a
s
C
ha
iC
ha
i
rr
man o
f
t
h
man o
f
t
h
ee
BB
oaroar
d
an
dd
an
d
C
C
EE
OO
fr
fr
om 1
995
om 1
995
to
to
1
9
1
9
98 w
h
e
n
98 w
h
e
n
h
e
rh
e
r
et
i
et
i
rr
ed a
f
te
r
ed a
f
te
r
employment with the
C
ompany s
i
employment with the
C
ompany s
i
nce
1
nce
1
9
5
9.9
5
9.
MrMr
.
T
.
T
olloll
TT
TT
ett
h
ett
h
aa
s
b
een a me
m
s
b
een a me
m
bb
erer
o
f
t
o
f
t
h
e
Bh
e
B
oo
aa
rr
d
s
id
s
i
nn
cc
e 1
9
e 1
9
8
4
.8
4
.
11
4.4.
B
a
r
B
a
r
bb
aa
ra A. Tra A. T
ysys
TT
TT
onon
,,
54,54,
w
as
w
as
aa
V
V
icic
e
Pr
e
Pr
eses
ident o
f
t
h
ident o
f
t
h
ee
C
ompany
frC
ompany
fr
om 1
988
om 1
988
u
u
nt
il
nt
il
2002
2002
.
Ms
.
Ms
. T. T
ysys
TT
TT
onon
h
a
s
h
a
s
b
b
ee
enen
aa
mem
b
e
r
mem
b
e
r
o
o
f
the
Bf
the
B
oo
aa
rr
d
s
id
s
i
nn
cc
e 1
9
e 1
9
88.88.
5.5.
Lloyd V Lloyd V
. Hac. Hac
VV
VV
klkl
eyey
,,
yy
yy
63,63,
is
is
Pr
Pr
eses
ident and CEO of Lloyd Vident and CEO of Lloyd V
..
VV
VV
H
a
cH
a
c
klkl
ey an
d
A
ey an
d
A
ss
ss
oo
cc
i
at
ei
at
e
s,s,
I
nc
.
I
nc
.
an
an
d
wa
sd
wa
s
P
P
rr
eses
ident o
f
t
h
ident o
f
t
h
ee
N
o
rN
o
r
th
C
a
r
th
C
a
r
o
li
o
li
nn
aa
CC
ommuommu
n
i
t
y
n
i
t
y
C
oll
e
C
oll
e
gg
ee
S
y
s
S
y
s
tem.
Mr
tem.
Mr
.
H
a
c
.
H
a
c
kk
l
e
yl
e
y
h
a
sh
a
s
b
b
eeee
nn
a
a
member o
f
t
h
member o
f
t
h
ee
B
oa
r
B
oa
r
d
s
id
s
i
nn
cc
e 1
9
e 1
9
92.92.
3,3,
44
6.6.
Ji
m
Ke
Ji
m
Ke
verver
,,
rr
rr
51,51,
is
is
t
h
e
F
o
u
t
h
e
F
o
u
nding
P
nding
P
aa
rr
t
ne
rt
ne
r
of Vof V
oyentoyent
VV
VV
P
a
rP
a
r
t
ner
st
ner
s
,
L
,
L
L
C,
L
C,
aa
nn
i
i
n
v
esn
v
es
t
me
nt
me
n
t
pa
rt
pa
r
t
ner
st
ner
s
hi
p.
Prhi
p.
Pr
ev
i
ev
i
ouou
ss
lyly
,,
Mr
Mr
..
K
e
vK
e
v
e
r
se
r
s
erer
ve
d
a
s
ve
d
a
s
a
dir
a
dir
ecec
tor o
f
Q
uinti
l
tor o
f
Q
uinti
l
eses
T
T
rr
ansnat
i
ona
l
ansnat
i
ona
l
an
d
an
d
h
a
d
se
rh
a
d
se
r
ve
d
a
s
ve
d
a
s
C
E
O
o
f
E
n
C
E
O
o
f
E
n
vv
oo
y
C
y
C
oo
rr
popo
rr
at
i
at
i
oo
n
,
an
,
a
ss
u
b
s
i
u
b
s
i
dd
ii
arar
y o
f
y o
f
Q
u
iQ
u
i
nn
t
i
t
i
l
e
sl
e
s
..
Mr
Mr
.
K
.
K
e
v
ere
v
er
h
h
aa
s
b
een a mem
b
e
r
s
b
een a mem
b
e
r
o
f
o
f
t
h
e
B
t
h
e
B
oo
arar
dd
ss
i
nc
ei
nc
e
1
1
999.999.
2,2,
44
7.7.
D
D
aa
v
id
A
.
J
one
s
v
id
A
.
J
one
s
,,
54,54,
is
is
C
hai
r
C
hai
r
man an
d
man an
d
CC
E
O
o
f
E
O
o
f
RR
a
y
o
v
aca
y
o
v
ac
C
o
rC
o
r
pp
..
P
P
rr
ev
i
ev
i
ouou
ss
lyly
,,
Mr
Mr
.
J
.
J
oo
nesnes
se
se
rr
ve
d
a
s
ve
d
a
s
Pr
Pr
eses
ident,
C
ident,
C
EE
OO
an
d
an
d
C
ha
iC
ha
i
rr
man o
f
T
man o
f
T
h
e
rh
e
r
moscmosc
an,
I
an,
I
nn
cc
.
a
.
a
nn
d
Pr
d
Pr
eses
ident,
C
ident,
C
EE
OO
an
d
an
d
C
ha
iC
ha
i
rr
man o
f
man o
f
RR
egina
C
o
.
egina
C
o
.
H
H
ee
w
a
w
a
s
prs
pr
ev
i
ev
i
ouou
ss
lyly
w
i
t
h
E
w
i
t
h
E
ll
ecec
trtr
o
l
u
x
o
l
u
x
C
o
rC
o
r
pp
..
an
d
an
d
G
G
ene
r
aene
r
a
l
El
e
cl
El
e
c
tr
i
tr
i
c
C
c
C
oo
..
Mr
Mr
.
J
.
J
oo
nesnes
h
h
aa
s
b
een
a
s
b
een
a
mem
b
e
r
mem
b
e
r
o
o
f
the
Bf
the
B
oo
aa
rr
d
s
id
s
i
nn
cc
e
20
e
20
00.00.
2,2,
33
8.8.
Ric
Ric
h
a
rh
a
r
d L.
B
d L.
B
oo
n
d,
n
d,
5
6,
5
6,
is
is
Pr
Pr
eses
ident and
C
hief
O
ident and
C
hief
O
pp
ee
rat
i
rat
i
nn
gg
OfOf
f
i
cf
i
c
erer
o
o
f
the
Cf
the
C
oo
mpanympany
..
Mr
Mr
.
B
.
B
oo
n
d
s
e
n
d
s
e
rr
ve
d
a
s
ve
d
a
s
C
o-
C
hi
e
C
o-
C
hi
e
ff
O
pe
rO
pe
r
at
i
at
i
nn
g
O
g
O
ff
f
i
cf
i
c
erer
an
d
an
d
G
G
rr
o
u
po
u
p
Pr
Pr
eses
id
ent,
Fid
ent,
F
rr
eses
h
Mh
M
ea
ts
ea
ts
a
a
nn
dd
ReRe
ta
il
ta
il
o
o
f the
C
ompany f
r
f the
C
ompany f
r
om
2001
om
2001
to
20
to
20
03 an
d
03 an
d
aa
s
Pr
s
Pr
eses
id
en
tid
en
t
and
COO
and
COO
o
f
o
f
II
BPBP
, i, i
PP
PP
nc.nc.
fr
fr
om 1
997
om 1
997
u
u
nt
i
nt
i
l
t
h
e me
rl
t
h
e me
r
gerger
o
o
f
If
I
B
P
int
o
B
P
int
o
the
C
ompan
y
the
C
ompan
y
.
H
e w
a
.
H
e w
a
s a
dir
s a
dir
ecec
tor o
f
IBP
fr
tor o
f
IBP
fr
om 1
995
om 1
995
t
t
o
20
o
20
0
1
.0
1
.
MrMr
.
B
.
B
oo
n
d
h
as
b
een a m
e
n
d
h
as
b
een a m
e
m
b
m
b
ee
r o
f
t
h
r o
f
t
h
e
B
e
B
oo
aa
rr
d
s
id
s
i
nn
cc
e
20
e
20
0
1
.0
1
.
9.9.
J
o
J
oAnn R.
S
Ann R.
S
m
it
m
it
hh
,
6
,
6
3,
i
3,
i
s
Pr
s
Pr
eses
ident ofident of
S S
ff
m
i
t
h
A
s
s
m
i
t
h
A
s
s
oo
cc
ii
a
t
e
s
a
t
e
s
,,
an agr
i
an agr
i
cu
l
cu
l
tt
u
r
u
r
a
l
ma
r
a
l
ma
r
kk
et
i
ng
b
et
i
ng
b
u
s
u
s
i
ne
si
ne
s
s.s.
P
P
rr
ev
i
ev
i
ouou
ss
lyly
, Ms, Ms
yy
yy
..
SS
m
i
t
h
m
i
t
h
sese
rr
ve
d
a
s
ve
d
a
s
A
A
ss
ss
isis
t
a
nt
a
n
t
S
t
S
ecrecr
e
t
a
r
e
t
a
r
y
f
or M
a
y
f
or M
a
r
k
r
k
et
i
ng an
d
et
i
ng an
d
I
I
nspecnspec
t
i
o
n
t
i
o
n
S
e
rS
e
r
v
i
v
i
cesces
f
or the U
.
f
or the U
.
S.S.
D
epa
rD
epa
r
tment o
f
A
tment o
f
A
grgr
icic
u
l
tu
r
u
l
tu
r
e.e.
S
h
e
S
h
e
isis
a
f
o
r
a
f
o
r
mermer
P
P
rr
eses
ident o
f
t
h
ident o
f
t
h
ee
NN
at
i
at
i
oo
na
l
na
l
C
att
l
C
att
l
emen
’
emen
’
ss
Bee
f
Bee
f
A
s
sA
s
s
oc
i
oc
i
at
i
on an
d
at
i
on an
d
h
a
s
h
a
s
c
h
a
i
c
h
a
i
rr
ed the
C
att
l
ed the
C
att
l
emen
’
emen
’
ss
Bee
f
Bee
f
PrPr
omoomo
t
i
t
i
onon
an
d
R
e
s
an
d
R
e
s
earear
cc
hh
B
B
oo
arar
d.
S
he wa
s
d.
S
he wa
s
a
dir
a
dir
ecec
tor o
f
IB
P
tor o
f
IB
P
frfr
om 1
993
om 1
993
t
t
o
20
o
20
01.
Ms
01.
Ms
..
SS
m
i
t
h
h
as
b
e
e
m
i
t
h
h
as
b
e
e
nn
a
me
a
me
m
b
m
b
ee
r o
f
t
h
r o
f
t
h
ee
B
oa
rB
oa
r
d
s
id
s
i
nn
cc
e
20
e
20
0
1
.0
1
.
2,2,
3
,
43
,
4
11
EE
x
e
x
e
cc
uu
tt
iviv
e
C
oe
C
omm
i
mm
i
tt
tete
ee
22
AA
u
d
u
d
it
C
it
C
omom
mm
i
t
ti
t
t
eeee
33
CoCo
mpempe
nn
ss
aa
tt
ioio
n
C
omn
C
omm
i
m
i
tt
tete
ee
44
GoGo
v
e
v
e
rr
nn
anan
cc
ee
C
C
ommomm
itit
tt
eeee
1
6
2
7
3
8
4
9
5