Tyson Foods is ‘fat and lazy,’ says CEO plotting a turnaround

Tyson shares have lost 24% this year, trailing most peers in an index of global meat suppliers. — AP

NEW YORK: For all the challenges faced by the global meat industry over the past year, Tyson Foods Inc’s top boss is candid about his company’s underperformance as he pushes a revival.

“Coming through the pandemic, we had gotten very inefficient,” chief executive officer Donnie King said in an Tuesday interview in Danville, Virginia after a ribbon-cutting ceremony at the company’s new chicken nugget facility. “We got really comfortable. We got fat and lazy.”