date:Jul 25, 2012
Popes total compensation for 2012 was $16.5 million, down from $20.2 million in 2011, according to the statement. A decline in Smithfields income and changes in the executive compensation formula for Pope reduced his total cash incentives to $5.7 million in 2012 from $13 million in 2011.
For the year ended April 29, the company had income of $361.3 million, equal to $2.23 per share on the common stock, which compared with income of $521 million, or $3.14 per share, during fiscal 2011. Sales for