United States-Meat boss recieves $5 million salary.

HEAD OF TYSONS GET $5 MILLION A YEAR.

The CEO of Tyson Foods Inc, the worlds largest meat company received a higher salary in 2008 than in 2007, however his stock in the company lost 50% on the market.

Wall Street lost 34.7% across the board from January 2008 to 30 December 2008.

Richard Bond, who also serves as president at the company took home a package of $4.9 million

For the record, my Father was the highest paid meat executive in Europe in 1972 with a salary of 15,000 pound a year, how times have changed.

Meanwhile Tyson Foods are laying off 45 workers on Friday, from their plant in Harrisonburg, reducing the staff to 375 according to a statement from the plants manager on Wednesday.

The plants remaining staff will be working shorter hours in 2009, according to Danny Sutton, the manager of Tyson’s Harrisonburg, in a report in the Daily Record, Virginia.