annual rate of return on equity. Smithfield has beat the S&P 500 index by at least 160 percent. Family Luter's grandfather died in 1947. The death of Luter's father in 1962 was both sudden and unexpected. In addition to heart problems, Luter II had diabetes and smoked about three packs of cigarettes daily. Luter III resented what he called his father's "workaholic" ways and resolved to live the life of a family man. Luter's first child was a daughter named Laura. Luter's son, Joseph W. Luter IV was born on February 26, 1965. Luter IV was the family's second child. Luter's youngest child was a daughter named Leigh. References Living people American chief executives of food industry companies 1939 births Businesspeople from Virginia American United Methodists People from Smithfield, Virginia