Chemours Execs Allegedly Manipulate Cash Flow to Influence Bonus Pay

At the end of February, chemical company and the maker of Teflon, Chemours, made headlines when the company’s board of directors placed its CEO, CFO and controller and principal accounting officer on administrative leave. As part of the announcement, Chemours added that its audit committee would oversee an internal review of the company’s financial reporting following an anonymous report to the company’s ethics hotline.