ADM Unit Being Probed Helped Make Leaders Over $70 Million (1)

The division of Archer-Daniels-Midland Co. that’s under investigation for its accounting practices is responsible for less than 10% of the crop giant’s revenue. Yet it has had an outsized influence on recent executive bonuses, records show.

ADM’s board in 2020 and 2021 staked a considerable share of senior executives’ stock award payouts to the profitability growth of its nutrition unit. The company blew past the goals for the first round of awards, helping the executives collect shares worth more than $70 million. Payouts for the second round of awards were set to be determined early this year.

WATCH: Archer-Daniels-Midland is under investigation for its accounting practices.

Source: Bloomberg

ADM disclosed ...