nonprofit
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ADM’s Executive Pay Incentives Caused an Accounting Scandal
Archer Daniels Midland (ADM) is a Fortune 35 firm specializing in food processing and distribution. They recently announced an accounting revision, together with their Chief Financial Officer’s resignation. The accounting revision specifically modified the profit distribution across ADM’s segments and showed that profits at ADM’s were previously overstated. Executive compensation at ADM was tied directly to the Nutrition segment’s performance. Essentially, each executive stood to gain $7.4 million in variable compensation from the misstatement. Archer Daniels Midland’s compensation plan unwittingly…
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Reddit could make $50MM USD per year by shutting down 3rd party clients through it’s Reddit API data agreements.
Reddit – a popular social media and discussion board – has created significant waves after announcing an intention to charge for access to its API. The Reddit API is used by other developers to create automation, programs, and, most importantly, 3rd party clients. This announcement has led to widespread outrage on Reddit. In this post, I’ll review why Reddit is charging for their API what it’s doing especially ahead of it’s upcoming IPO.
