Tyson Foods’ top execs see higher pay in 2021; board shrinks to 13

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Three of the top five earning executives at Tyson Foods received salary raises in 2021 largely because of increased duties. The company’s overall financial performance, against which executive salaries are benchmarked, was mixed with two quarters of positive gains offset by two quarters of lower net income.

Board Chairman John Tyson’s base pay of $1.212 million was down slightly from the prior year. Chief Financial Officer Stewart Glendinning also saw his base pay decrease from $817,269 to $787,000 in fiscal 2021. The information is from the annual proxy filed with U.S. Securities and Exchange Commission.

Donnie King was promoted to CEO on June 2, with the abrupt exit of Dean Banks, who held the post for just seven months after having served as president for one year and a director for three years prior. King has held the CEO position for roughly four months of the…

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