Tyson names Mike Beebe to board of directors, a post worth $200,000+ a year

[LiberalArkie]

By Max Brantley

Tyson Foods, the giant poultry and meat producer based in Arkansas, has named former Gov. Mike Beebe to its board of directors, a position that can be worth more than $200,000 a year. From the company:

Beebe, 68, was appointed this week and becomes one of eight independent directors on the ten-member Tyson Foods board. He was governor of Arkansas from 2007 to 2015, served as the state’s attorney general from 2003 to 2007 and was a state senator from 1983 to 2003.

“Governor Beebe’s extensive leadership experience, ability to collaborate and his long-time support and understanding of business are among the reasons he was recommended by our nominating committee,” said Chairman of the Board of Directors for Tyson Foods, John Tyson. “We believe his skills will benefit Tyson Foods as we continue to grow and become an even better company.”

“Our goal is for the Tyson board to have the right balance of skill sets and experience and we’re confident Governor Beebe will be an excellent addition to what is already a strong and diverse board,” said Robert Thurber, chair of the board’s governance and nominating committee.

“I'm honored to be appointed and look forward to working with the leadership at Tyson Foods, a great company that provides so much to so many,” said Beebe.

Since leaving office, Beebe joined the Governors’ Council for the Bipartisan Policy Center in Washington, D.C., serves as an advisor to Arkansas State University and is of counsel to the Roberts Law Firm in Little Rock.

Beebe received a Bachelor of Arts degree in political science from Arkansas State University and earned his law degree from the University of Arkansas. He was involved in private law practice for 30 years and previously served on the board of trustees at Arkansas State University.

In addition to Beebe, Thurber and Chairman John Tyson, other members of the Tyson Foods board of directors currently are Gaurdie E. Banister Jr.; Mikel A. Durham; Jim Kever; Kevin M. McNamara; Brad T. Sauer; Tyson Foods President and CEO Donnie Smith; and Barbara A. Tyson.

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PPS: State retirement pay is kept confidential. But you can roughly figure Beebe's benefits, I think by giving him 40 years credit of legislative service (they enjoyed a double multiplier); 20 years as attorney general, which got a 2.5 multiplier, and 24 as governor, which gets a triple multiplier. 84 years of service times an average final pay around $80,000 or so (your final three years of highest pay) and using the benefit calculator percentage around 1.7 percent, you'd get a monthly benefit of $11,000 to $12,000. Make that a couple of rounds at Blessings.

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http://www.arktimes.com/ArkansasBlog/archives/2015/12/09/tyson-names-mike-beebe-to-board-of-directors-a-post-worth-200000

[Dont_Bogart_the_Pretzel]

1. Please don't go down this road.

Looks like Tyson Foods buying another politician.

HRC did it with walmart and I think it will come back and sting her in 2016.

[LiberalArkie]

2. The old man Tyson generally did support Democratic party candidates unlike

a lot of the other Arkansas businesses. So I guess it was to be expected, although Beebe is going to be a very wealthy retiree.