ADM CEO pay dips in 2024 as accounting issues, job cuts hang over company
CHICAGO, March 25 (Reuters) - Archer-Daniels-Midland Co (ADM.N), opens new tab CEO Juan Luciano was paid $21.6 million in 2024, down from $24.4 million the prior year, according to a securities filing on Tuesday, and following accounting problems and cost pressures that have triggered layoffs and sent shares plummeting.
The Chicago-based grain trader was forced to revise six years of financial statements early last year and further restate some earnings later in the year after an internal investigation into its financial reports.
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