From Yahoo Finance: 2025-03-25 18:04:00

Archer-Daniels-Midland Co CEO Juan Luciano’s 2024 compensation dropped to $21.6 million from $24.4 million the previous year due to accounting problems and cost pressures, triggering layoffs and share declines. The Chicago-based company revised financial statements, restated earnings, and faced federal investigations, impacting Luciano’s pay and company performance.
ADM’s CEO saw a slight increase in base salary to $1.493 million and received company stock awards valued at $17.7 million in 2024. However, his annual incentive plan award fell to $1.2 million from $3.6 million the prior year, reflecting earnings and investment returns below preset goals. The company faces a tough 2025 with slumping margins and layoffs to save $500 million to $700 million.
ADM recently initiated job cuts in its agricultural services and oilseeds division, its largest unit, as part of a broader cost-cutting push. Since news of accounting issues emerged in January 2024, ADM shares have fallen by 32%, reducing its market cap from nearly $37 billion to around $22 billion.



Read more at Yahoo Finance: ADM CEO’s 2024 compensation dips amid accounting issues, job cuts