One of the chief villians of the report was Smithfield Foods, which "fired union supporters, threatened plant closure, stationed police at plant gates to intimidate workers, and orchestrated an assault on union activists."
You may have missed it, but on July 30, Smithfield Foods -- the world's largest hog producer and pork processer, based in North Carolina -- made some very generous gifts to their corporate leadership:Good to know that justice always triumphs.Smithfield Foods chairman and chief executive officer Joseph W. Luter III got a $9.86 million bonus for the fiscal year 2005.What did these execs do to earn these riches? It's true that in 2005 the hog and pork giant earned a record $297 million in profits, based on a staggering $11.4 billion in sales.
The bonus tops the $6.6 million bonus he received last year [...]
Fiscal 2005 was good for the other Smithfield executive officers, too. President and chief operating officer C. Larry Pope received a $4.9 million bonus. Joseph W. Luter IV, president of Smithfield Packing Co., got a $2.5 million bonus.
Jerry H. Godwin and Joseph B. Sebring, presidents of Murphy-Brown and John Morrell & Co., respectively, got $1.4 and $1.5 million bonuses.