Eli Lilly Doesn't Plan To Claw Back Past Pay From Former CFO - WSJ - Eli Lilly (NYSE:LLY)

According to Wall Street Journal, Eli Lilly And Co’s (NYSE: LLY) said it wouldn’t try to claw back past pay from departed finance chief Joshua Smiley.
Smiley’s resignation wasn’t related to financial controls, financial statements, or other business matters or judgments.
Yesterday, Joshua Smiley resigned following allegations of an inappropriate personal relationship with an employee.
However, the company moved to take away Smiley’s 2020 bonus and other incentive compensation. Smiley will have to forego a $1 million cash bonus for 2020, about $3 million of a shareholder value award, as well as current and future equity incentive compensation, totaling more than $20 million.
Mr. Smiley is entitled to reduced cash compensation of $9,000 every two weeks through July 2021 to help transition to his successor Anat Ashkenazi.
Price Action: LLY stock is up 0.94% at $203.6 during premarket trading on the last check Wednesday.

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Eli Lilly Doesn't Plan To Claw Back Past Pay From Former CFO - WSJ