The company’s share price has fallen since the arrest in November of the CFO, the 32-year-old, fourth-generation heir apparent, on intoxication and trespassing charges. By Chloe Sorvino
From a young age, John R. Tyson has been preparing to potentially take over the family business, Tyson Foods, the biggest U.S. meat company. He’s followed the prescribed path: Harvard, a Stanford MBA, a stint at JPMorgan, a lower-tier executive job at Tyson, then, last year, CFO. Now, however, the 32-year-old, fourth-generation scion could be a drag on the company just as it enters a rough year.
Tyson Foods shares have fallen 3% since John R. Tyson’s arrest in Fayetteville, Arkansas, on November 6 after a stranger found him passed out in her bed. That isn’t much, but the S&P 500 has risen 5.5% in the same time period.
On Tuesday, the city of Fayetteville settled with John R.