Senior executives at Archer-Daniels-Midland Co. (ADM), including CEO Juan Luciano, are set to receive bonuses and performance share units worth millions of dollars, despite the company being under a government investigation for accounting issues. The bonuses were disclosed in SEC filings and internal memos, highlighting that these rewards come after the company filed its 2023 earnings. Additionally, ADM employees are set to receive an additional bonus, further emphasizing the company's financial distribution amidst the ongoing government probe into its accounting practices.
In his swan song at Bristol Myers Squibb, former CEO Giovanni Caforio pulled down $19.7M https://t.co/PmZE08dACM
Exclusive: ADM pays bonuses to senior executives in midst of government investigation, documents show https://t.co/OZHudS0fbl https://t.co/06yVwoBU08
ADM EMPLOYEES RECEIVE ADDITIONAL BONUS, AFTER 2023 EARNINGS FILED - SECOND INTERNAL MEMO