Pilgrim's

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unknown title 2012

Although a supply pullback across the chicken industry is widely expected, Pilgrim's executives said Friday that production for next year will likely be in line with this year.

High Feed Costs Hammer Pilgrim's Pride Marshall Eckblad 2011

Pilgrim's Pride Corp., a large poultry producer, lost $1 billion in 2008 as higher grain prices, an oversaturated chicken market and looming debts forced the Texas-based company into bankruptcy protection.

The CEO Bankruptcy Bonus Mike Spector 2012

In December 2009, a deal to sell a stake in Pilgrim's for about $800 million fully repaid Pilgrim's creditors and left $450 million in value for previous shareholders.

The CEO Bankruptcy Bonus Mike Spector 2012

With other bonuses, and restricted stock awards that vested, Mr. Jackson received more than $25 million for his work while Pilgrim's reorganized.

The CEO Bankruptcy Bonus Mike Spector 2012

Pilgrim's Pride Corp. reported its third consecutive quarterly loss Friday as the world's second-largest poultry processor gets squeezed between high feed costs and low product prices.

High Feed Costs Hammer Pilgrim's Pride Marshall Eckblad 2011

For the third quarter, Pilgrim's said it lost $162.5 million, or 76 cents a share.

High Feed Costs Hammer Pilgrim's Pride Marshall Eckblad 2011

The processor expects export demand to pick up, helping to ease excess supplies without Pilgrim's having to cut production.

High Feed Costs Hammer Pilgrim's Pride Marshall Eckblad 2011

Pilgrim's itself emerged from bankruptcy protection at the end of 2009.

High Feed Costs Hammer Pilgrim's Pride Marshall Eckblad 2011

For 2009, Pilgrim's CEO Don Jackson , who joined the company shortly after its bankruptcy filing, received a $1.67 million cash bonus under a "performance bonus plan," according to a regulatory filing.

The CEO Bankruptcy Bonus Mike Spector 2012