Record-setting report: Company’s efforts in genetically modified foods is again a topic
Herald and Review
DECATUR – A group of shareholders asked for the same thing last year: a report disclosing what genetically modified foods are used by Archer Daniels Midland Co.
And just as last year, the group didn’t convince a large percentage of its peers to vote in favor of the proposal. At ADM’s annual meeting Thursday, only 7 percent agreed a report was necessary, according to a preliminary count.
As shareholder Martin Glotzer put it while defending his “no” vote, he likes to see “proposals that put money in our pockets immediately.”