Tyson Foods CFO Pleads Not Guilty On Driving While Intoxicated Charges: WSJ
Portfolio Pulse from Shivani Kumaresan
Tyson Foods Inc (NYSE:TSN) CFO John R. Tyson has pleaded not guilty to charges of driving while intoxicated and careless driving. Tyson, who was suspended following his June arrest, is negotiating a settlement with prosecutors. His trial is scheduled for August 28. Despite previous incidents, Tyson Foods' board had expressed confidence in his role. Curt Calaway is currently serving as interim CFO.
July 16, 2024 | 5:29 pm
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Tyson Foods CFO John R. Tyson has pleaded not guilty to DWI charges. His trial is set for August 28. Despite his suspension, TSN shares are trading higher by 1.98%.
The not-guilty plea and ongoing legal proceedings of CFO John R. Tyson could create uncertainty for Tyson Foods. However, the market has reacted positively with a 1.98% increase in share price, possibly due to the interim CFO's stability and the company's overall performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100