ADM pays bonuses to senior executives in midst of government investigation, documents show

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PC party leader attends the protest in support of fishermen | SaltWire #newsupdate #newfoundlandNEW YORK - Senior executives at Archer-Daniels-Midland Co, the grain trader under government investigation for accounting issues, will receive millions of dollars in bonus compensation, according to an internal email seen by Reuters and Securities and Exchange Commission filings.

ADM will disclose the official breakdown of the latest bonus payments to senior executives when it files its proxy statement in the coming weeks. ADM suspended its CFO in January and commissioned an internal investigation into accounting errors, prompting its shares to fall 24% in one day. ADM revised six years' worth of financial statements related to its Nutrition division this month, prompting the shares to recover some although they are still down around 8% since Jan. 19.

 

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