J. Clinton Rivers served as the President and CEO of Pilgrim's Pride Corporation from March 2008 until January 2010. His journey in the company started much earlier; he joined them in 1986 as a Quality Assurance Manager. Over the years,...

J. Clinton Rivers served as the President and CEO of Pilgrim's Pride Corporation from March 2008 until January 2010. His journey in the company started much earlier; he joined them in 1986 as a Quality Assurance Manager. Over the years, he climbed the ladder through various operational roles, eventually becoming the COO before taking the top job. He led the company during challenging times, especially through its restructuring phase after bankruptcy. Under his leadership, Rivers had a significant impact on the company's operations, focusing on improving efficiency and aligning with industry standards. In 2010, his total compensation reached $2.5 million, boosted by a guaranteed bonus linked to company performance metrics. However, his career at Pilgrim's Pride was marked by rapid changes and challenges, including a contentious transition that saw him resign about a year after becoming CEO. Notably, he had substantial stock holdings at one point, reflecting his significant stake in the company’s future. Additionally, Rivers’ tenure brought higher accountability as he participated in a performance bonus plan linked to the company’s financial performance.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Pilgrim's Pride Corporation CEOs

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J. Clinton Rivers

Ex-CEO of Pilgrim's Pride Corporation

Education

Not specified

Field of Expertise

Business & Management

Sector of Economy

Consumer Defensive

Born

January 1, 1959 - 66 years ago

CEO of Pilgrim's Pride Corporation for

1 year 9 months (Mar 2008 - Jan 2010)

Previous Experience

Chief Operating Officer of the Company since October 2004; Executive Vice President of Prepared Foods Operations from November 2002 to October 2004; Senior Vice President of Prepared Foods Operations from 1999 to November 2002; Vice President of Prepared Foods Operations from 1992 to 1999; Plant Manager of the Mount Pleasant, Texas Production Facility from 1989 to 1992; joined Pilgrim's Pride in 1986 as Quality Assurance Manager; held positions at Perdue Farms and Golden West Foods.

Rivals

Competitors/colleagues of J. Clinton Rivers

Holdings

See how much did J. Clinton Rivers make over time.

Throughout his time at Pilgrim's Pride, J. Clinton Rivers had notable stock holdings that reflected his close connection to the company's success. He initially saw significant wealth tied to his shares, particularly when the stock price peaked due to growing...

Throughout his time at Pilgrim's Pride, J. Clinton Rivers had notable stock holdings that reflected his close connection to the company's success. He initially saw significant wealth tied to his shares, particularly when the stock price peaked due to growing operational efficiencies he implemented. However, fluctuations in stock prices were inevitable, especially after the company's restructuring process. At certain points, his wealth from stocks surpassed $1 million, demonstrating his commitment to the company. By the time he left the company, his holdings were worth around $1.4 million at their peak, but the stock market's ups and downs impacted the overall value.

Insider Trading

See recent insider trades of J. Clinton Rivers.

No insider trades found for this CEO.

Compensation History

See how much did J. Clinton Rivers make over time.

During his tenure at Pilgrim's Pride, J. Clinton Rivers’ compensation reflected his role and challenges as CEO. In 2010, his pay totaled about $2.5 million, which included a base salary of $1 million along with a guaranteed bonus of $500,000 based on company performance metrics. This bonus structure was part of a plan designed to link executive pay to the financial success of the company, particularly focusing on metrics like EBITDA. Before this, in 2009, his total compensation was significantly lower at $776,152 due to the company's extensive restructuring post-bankruptcy, reflecting the company’s financial climate at the time. His employment agreement also included stock awards which were vested over time, underscoring the long-term nature of executive compensation in response to company performance.

Year

2010

Total Compensation

$2.92M

Salary

$1.00M

Board Justification

The compensation philosophy is designed to attract key leaders, motivate executives to remain with the company, reward sustained financial and operating performance, and align the long-term interests of executives with those of stockholders.

Bonus

$500.00K

Board Justification

Guaranteed bonus for 2011 as part of the Lovette Employment Agreement, regardless of company performance.

Other

$0.00

Board Justification

Restricted Stock

$1.42M(200K restricted stock)

Board Justification

200,000 restricted shares of Pilgrim's Pride common stock awarded as part of the Lovette Employment Agreement, with 50% vesting on January 14, 2013 and the remaining 50% vesting on January 14, 2014, subject to continued employment.

Performance Metrics

The performance metrics for the bonus are based on the company's EBITDA.

Other Pilgrim's Pride Corporation CEOs

Here are other CEOs of Pilgrim's Pride Corporation

Don Jackson

Ex-CEO of Pilgrim's Pride Corporation

December 2008 - January 2011