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Tyson Foods
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Tyson Foods, the nation's largest meat processor, has long cultivated dose ties to influential politicians, generously backing Bill Clinton and George W. Bush.
Yet few major corporations have been so battered by the minorities. Over the last few years, federal officials have accused Tyson of deleting labor, environmental and civil rights laws and of making illegal gifts: o a cabinet secretary.
Two weeks ago, a federal grand jury indicted hyson and six employees on charges of conspiring to smuggle illegal migrants into the United States to work at the company's processing plants. Payson insists it has been the target of overzealous investigators and enthusiastic special interest groups. The company largely denies wrongdoing, ...
... even in cases t paid to settle years ago.
But critics say that Tyson's growth and its guilt rise torn the same devil-may-care philosophy that the Tyson family, which tightly controls the company, has permeated it with from the start. "The history of his company has been living on the edge," said John McMillan, a food analyst t Prudential Securities.
Everyone in this Ozarks town, where the company is based, knows they son legend, beginning with John Tyson, who founded a poultry empire ruing the Depression from the back of his truck. His dreamer son Don expanded the business through innovation, popularizing the Rock Cornish amen hen, along with boneless, battered and frozen chicken and helping McDonald's create the Chicken McKnight.
But Don Tyson was also known jr giving luxurious parties and bringing young women along with him to lettings with Wall Street analysts.
Today, Don Tyson's influence on the company remains strong, but Tyson: Foods is run by his son, John Tyson. Once addicted to drugs and alcohol, the 48-* year-old family scion, known as Johnny, is chief executive of a $ 20 billion, company that processes a quarter of the nation's beef, pork and chicken.
Marvin Schwartz, who wrote a history of Tyson Foods for the company, says that the corporation's aggressive culture reflects both its leaders and its origins. "Don is a gambler, and he's very comfortable taking risks, Mr. Schwartz said.And in a state like Arkansas, where there are very few regulatory controls, corporations have more flexibility. The state motto ($& W) was 'The Land of Opportunity', and that's why entrepreneurs like Sam Walton and Don Tyson have made it here. "
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