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U.S. indicts Pilgrim's Pride Corp CEO for alleged chicken price-fixing
The chief executive of Pilgrim’s Pride Corp, a major U.S. poultry company, was indicted along with three other current and former industry executives on charges of seeking to fix the price of chickens, the Justice Department said on Wednesday. Pilgrim’s Pride shares fell 14% around midday. A grand jury in Denver indicted Jayson Penn, the president and CEO of Pilgrim’s Pride, which is mostly owned by JBS USA Inc, as well as a former executive at the Colorado-based chicken supplier, the Justice Department said in a statement. Two executives from a Georgia chicken producer were also indicted. “Executives who cheat American consumers, restaurateurs, and grocers, and compromise the integrity of our food supply, will be held responsible for their actions,” said Assistant Attorney General Makan Delrahim, head of the Justice Department’s Antitrust Division.
Pilgrim’s Pride did not immediately respond to a request for comment. According to the indictment, the conspiracy ran from 2012 until at least early 2017, the department said.
In addition to Penn, the indicted executives were Roger Austin, a former Pilgrim vice president, as well as the president of Claxton Poultry, Mikell Fries, and Scott Brady, a vice president at Claxton. A spokesman for Claxton declined immediate comment, and a lawyer for the company could not immediately be reached. The individuals indicted also could not immediately be reached. The charges are the first in a criminal probe of price-fixing and bid-rigging involving broiler chickens.
https://www.reuters.com/article/us-usa-pilgrims-pride-charges/u-s-indicts-pilgrims-pride-corp-ceo-for-alleged-chicken-price-fixing-idUSKBN23A2TF
Senior Executives at Major Chicken Producers Indicted on Antitrust Charges
https://www.justice.gov/opa/pr/senior-executives-major-chicken-producers-indicted-antitrust-charges
Sturm Ruger & Co. Vice-Chairman/former CEO sold: $6.09m-June1-2
Mr. Fifer was the Chief Executive Officer of the Company from September 25, 2006 to May 9, 2017. Additionally, he served as President of the Company from April 23, 2008 to January 1, 2014. He was the Executive Vice President and President of Engineered Products of Mueller Industries, Inc. from 2003 to 2006, President of North American Operations of Watts Industries, Inc. from 1998 to 2002, President of Various Watts Industries divisions from 1994 to 1998, and a member of the Board of Directors and Audit, Compensation and Special Committees of Conbraco Industries from 2003 to 2006. Mr. Fifer was named Vice Chairman of the Board in May 2017 and is a member of the Capital Policy Committee.
https://www.ruger.com/corporate/board-of-directors.html
Sturm, Ruger & Company, Inc. is engaged in the design, manufacture, and sale of firearms to domestic customers. The Company operates through two segments: firearms and castings. The firearms segment manufactures and sells rifles, pistols, and revolvers principally to a range of federally licensed, independent wholesale distributors primarily located in the United States. The castings segment manufactures and sells steel investment castings and metal injection molding (MIM) parts. The Company's design and manufacturing operations are located in the United States. The Company primarily offers products in three industry product categories: rifles, pistols, and revolvers. The Company's firearms are sold through independent wholesale distributors, principally to the commercial sporting market. The Company manufactures firearm products under the Ruger name. The Company also manufactures and sells accessories and replacement parts for its firearms. Number of employees : 1 580 people.
https://www.marketscreener.com/STURM-RUGER-COMPANY-I-14238/company/
https://www.finviz.com/insidertrading.ashx?oc=1256022&tc=7&b=2
agree
the wise wizard speaks the truth.
why they have to let it play out and then the real soldiers come in and do the job right