Trian complains about executive pay at DuPont

April 13, 2015 7:05 PM

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NEW YORK, April 13 (Reuters) - Trian Fund Management, fighting for seats on the board at chemicals and agricultural conglomerate giant DuPont, said top company executives were still well paid last year even though the board acknowledged that the operating performance was poor.

The hedge fund said in a presentation filed with the Securities and Exchange Commission on Monday that the board's compensation committee exercised "negative discretion" and gave management a 0 percent payout for "corporate performance" under the company's short-term incentive program.

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