Articles about the work of Frederick Sheehan

Why Emerson Electric Is Moving to Asia
futureofcapitalism.com

Frederick Sheehan on why Emerson Electric is moving to Asia:

American CEOs are voting with their feet. Since they aren't investing in the United States, does it make sense for the individual stockholder or bondholder to do so?...
Most forthright is David Farr, President, Chairman and CEO of Emerson Electric Corporation, a 120-year-old manufacturer with over $21 billion in annual sales. Emerson's headquarters is in Chicago, Illinois, [Update: Several commenters say it is in fact in St. Louis, Mo.] but maybe not for long:
"Why would any CEO invest one penny in the US? There is not one reason based on the new rules of the game."
- David Farr, CEO, Emerson Electric, quarterly conference call, May 2009

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Why Emerson Electric Is Moving to Asia
futureofcapitalism.com

Frederick Sheehan on why Emerson Electric is moving to Asia:

American CEOs are voting with their feet. Since they aren't investing in the United States, does it make sense for the individual stockholder or bondholder to do so?...
Most forthright is David Farr, President, Chairman and CEO of Emerson Electric Corporation, a 120-year-old manufacturer with over $21 billion in annual sales. Emerson's headquarters is in Chicago, Illinois, [Update: Several commenters say it is in fact in St. Louis, Mo.] but maybe not for long:
"Why would any CEO invest one penny in the US? There is not one reason based on the new rules of the game."
- David Farr, CEO, Emerson Electric, quarterly conference call, May 2009

Read More...

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Frederick Sheehan

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