Professor Elam

Thursday Oct  15 2020

Pilgrim’s Pride, the nation’s second-largest chicken processor, agreed to a $110.5 million fine with the U.S. Department of Justice in their role to mark up prices of poultry which it then passed along to consumers and businesses.

Gross sales are about  $11 billioi..So the fine is about  1% of gross.

Now, here is the humorous part.

The plea deal money is to be listed as a “miscellaneous expense” in its next quarterly report according to a release by the company.