Go Unlimited with Magzter GOLD

Go Unlimited with Magzter GOLD

Get unlimited access to 9,500+ magazines, newspapers and Premium stories for just

$149.99
 
$74.99/Year

Try GOLD - Free

Tom Hayes Isn't Chicken

Bloomberg Businessweek Middle East

|

September 16, 2018

Animal meat is going the way of cigarettes and combustion engines. Tyson’s new CEO can’t wait

- Amanda Little

Tom Hayes Isn't Chicken

“Now that is a beautiful belly,” Tom Hayes says, running his hand along the plastic-wrapped contours of a slab of meat about the size and shape of a Gutenberg Bible. It’s lying on a stainless steel table in a test kitchen at the Discovery Center, a laboratory for product innovation at Tyson Foods Inc. in Springdale, Ark. Hayes, who’s served as chief executive officer since December 2016, lifts and rotates the block of meat, examining the cut with loving attention. “Ever seen a pork belly, Liz?” Hayes asks his director of executive communications, Liz Coffey, who’s touring the research and development centre for the first time. She has not.

“I think you should hold the pork belly,” Hayes says, his tone half-joking, half-reverent. He carries the slab with outstretched arms and lays it in Coffey’s hands, conducting what seems to be a spontaneous benediction.

Tyson produces 1 of every 5 pounds of meat consumed in the U.S. Hayes and his 122,000 employees annually process and sell $15 billion worth of beef, $11 billion of chicken, and $5 billion of pork. They also formulate, package, and sell $8 billion in prepared foods under a brand roster that includes Hillshire Farm, Jimmy Dean, Ball Park Franks, Original Philly Cheesesteak, and Aidells Sausage. Half of the products are distributed by retail grocers; most of the rest go to McDonald’s, Burger King, Wendy’s, KFC, and other food-service outlets.

MORE STORIES FROM Bloomberg Businessweek Middle East

Bloomberg Businessweek Middle East

Bloomberg Businessweek Middle East

Golfing With The Enemy

Did Donald Trump's executives violate the Cuban embargo?

time to read

12 mins

August 16, 2016

Bloomberg Businessweek Middle East

Bloomberg Businessweek Middle East

Super-Rich Syrians Wait for War's End

Actor, author, playwright. Gill Pringle tries her hand at unravelling the mystery behind this enigmatic multi-hyphenate

time to read

11 mins

July 01, 2016

Bloomberg Businessweek Middle East

Bloomberg Businessweek Middle East

Pam Codispoti

The mastermind behind the industry-shaping Chase Sapphire Reserve Card sets her sights on banking

time to read

2 mins

January 16, 2018

Bloomberg Businessweek Middle East

Bloomberg Businessweek Middle East

This Time It's The Economy

President Rouhani’s budget sets offprotests from people angry about unemployment and inflation

time to read

5 mins

January 16, 2018

Bloomberg Businessweek Middle East

Bloomberg Businessweek Middle East

Saudi Prince Counts On Support Of Citizens

State-worker salary increases appeal to the people, but policy may throw the budget off track

time to read

3 mins

January 16, 2018

Bloomberg Businessweek Middle East

Bloomberg Businessweek Middle East

Stalin's Legacy Is Choking The Ukrainian Economy

The government has resisted pressure to lift a ban on land sales, despite pressure from the IMF and investors

time to read

4 mins

January 16, 2018

Bloomberg Businessweek Middle East

Bloomberg Businessweek Middle East

Catastrophe Bonds Survive A Stormy Year

The turbulence of 2017 couldn’t destroy a market for betting against disasters

time to read

3 mins

January 16, 2018

Bloomberg Businessweek Middle East

Bloomberg Businessweek Middle East

Riding The West Bank's Credit Boom

Increased consumer lending is creating a bubble in the West Bank

time to read

3 mins

January 16, 2018

Bloomberg Businessweek Middle East

Bloomberg Businessweek Middle East

You'd Be Crazy To Buy Pizza With Bitcoin

Speculative fervour makes the cryptocurrency clumsy for commerce

time to read

3 mins

January 16, 2018

Bloomberg Businessweek Middle East

Bloomberg Businessweek Middle East

What If The President Loses His Party?

Trump has to figure out a way to work with Republicans in Congress, or the global economy may be at stake

time to read

6 mins

August 16, 2017

Translate

Share

-
+

Change font size