Some huge and unexpected news from the meat industry: Tyson Foods’ CEO, Dick Bond, is stepping down. The board of directors won’t comment on whether they gave him the boot.
Over the past few months, I’ve been gleefully following Tyson’s meltdown. All we need is another bump in corn prices and a drop in meat demand, and the company could well be pushed into bankruptcy. Link.
Update: Forbes has some great coverage, including this telling fact: “Not only is Bond’s departure sudden, the company didn’t release the usual statement thanking him for his great years of service.”
