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Eli Lilly Doesn’t Plan to Claw Back Past Pay From Former CFO

Eli Lilly & Co. said it won’t try to claw back past pay from newly departed finance chief Joshua Smiley, but moved to take away his 2020 bonus and other incentive compensation following years of rule tightening around executive conduct and recuperation of funds at the drugmaker. Indianapolis-based Eli Lilly, known for drugs that treat diabetes, cancer and other diseases, Tuesday said Mr. Smiley resigned following allegations of an inappropriate personal relationship with an employee...

Mentions: CFO clawbacks Jeff Immelt