Tagged: midland

Dow Chemical admitted this week that the company accidently paid more than $700,000  worth of the company’s CEO’s personal expenses. 

Midland-based Dow Chemical explained in a filing with federal regulators that ‘shortcomings’ in the company’s record keeping led to the company paying $719,000 in bills that CEO Andrew Liveris should have paid himself. The filing with the Securities and Exchange Commission does not detail the expenses inadvertently charged to the company.  

 Liveris took home more than $21 million in compensation last year. A spokesman says he wrote a personal check to reimburse the company.  

 Liveris has been Dow’s CEO since 2004. He’s been the chairman of the board since 2006.

Let's play word association. When I say "Dow Chemical," what's the first word that comes to mind?

It's probably not bunnies or birds, but with it's new partnership with the Nature Conservancy, officials at Dow say they'll begin to take bunnies and birds into consideration when they make business decisions.

Dow called the partnership a "breakthrough collaboration."

The company and its foundation will put up $10 million to fund the five-year project which will "provide strategic, science-based counsel and technical support to help answer questions about the value and benefits of natural areas on or near where Dow works – such as the benefits of a forest to ensuring clean water for towns and factories, and the role natural wetlands and reefs play in preventing damage from storms."

The CEO of Dow Chemical, Andrew Liveris, met with President Obama and China's President Hu this afternoon along with leaders from 17 other businesses in the U.S. and China.

President Obama says he's stressing the importance of  increasing exports to China and increasing investment in the United States, "both critical to supporting millions of American jobs." 

President Obama and President Hu made statements to the press before their meeting. From the press pool report: