Dow Nixes Cash Bonuses for Senior Execs

Dow Chemical says its executive management team, including chairman and CEO Andrew Liveris, will not receive 2008 performance awards. The decision was taken “after Dow management recommended this action as a prudent and appropriate alignment with leadership’s accountability for overall results.” The decision “is consistent with the company’s series of actions designed to preserve financial flexibility and address the deterioration of global economic conditions,” the company says. Other Dow employees will receive payouts under...

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