Former Dow VP Sues Over Interest on $3 Million Retirement Payout

Dow Inc. was sued by a former vice president who says the company shortchanged him on interest when it paid his $3 million retirement package four years too late.

Gregory Nelson, a former vice president of global purchasing who left Dow in 2003, says he was entitled to receive a lump sum distribution from his executive retirement plan in 2017, when Dow merged with E.I. du Pont de Nemours & Co. According to Nelson, Dow failed to distribute his benefits until he inquired about them in 2021, even though other employees received their lump sums when they were due.

Nelson ...