ADM faces turbulence: CFO investigation, profit forecast cut sends shares down 12%
Archer-Daniels-Midland (ADM) faced a tough day with a 12% drop in pre-market trading on Monday. The company took a hit when it began investigating its chief financial officer, Vikram Luthar, placing him on leave and adjusting its profit forecast for the year. ADM, a global cereal trader, shared that Luthar will be stepping aside while…