Washington Post Publisher Will Lewis Steps Down After Layoffs 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
ADM, or Archer Daniels Midland Company, postponed payment for performance bonuses for some of its executives. In a memo sent to the employees, the food processing company said it would hold the bonuses until its financial statements are completed and properly audited.
According to Reuters, the memo sent to staff last week thoroughly explained the delay in bonus payments. The company made this decision just days after its chief financial officer, Vikram Luthar, was placed on administrative leave.
Schedule of Bonus Payments
Luthar was sidelined, and ADM hired external lawyers as it launched a probe into its accounting records and practices. In any case, it was emphasized that bonus payments to other employees are set to be paid in March as generally scheduled by the company.
ADM will not issue bonuses yet to some top executives and heads of its other business units. It was said that the affected executive council consists of senior leaders, but the exact number of people who may receive their bonuses later than initially scheduled was not determined.
Ongoing Investigation at ADM
The Straits Times reported that the probe focuses on AMD's nutrition unit. This is a small segment of its grains business but often significantly impacts the company's sales. The investigation was launched after the U.S. Securities and Exchange Commission (SEC) requested some information from the company.
Meanwhile, Agriculture Dive revealed last week that shareholders sued ADM after the stock price plummeted due to the investigation. In their lawsuit filing, they claimed the company misled investors regarding ADM's nutrition segment's performance and growth potential.
"As ADM was aggressively acquiring companies to expand its capabilities in Nutrition, investors were under the impression that the segment was growing rapidly," part of the lawsuit stated. "In reality, Defendants' accounting practices for the segment misrepresented its true financial results and prospects."
Photo by: ADM Website
