On March 28, Donald J. Tyson, 70, the senior chairman of Tyson Foods Inc. The meeting was unusual because it excluded the company's top management, including the year-old chairman and chief executive, John H. But the ''old guard,'' as they were called, wanted to call off the deal, because of IBP's deteriorating financial condition. John Tyson -- who had become chief executive of the company a year earlier -- was told to find a way to kill it.
Bond, 61, had been president and CEO since May and had been a member of the board since Analysts were caught off guard, saying the company appeared well positioned to withstand the current pressures on the meat industry. Though we expected Mr. Morgan food industry analyst, said in a note to clients.