Long awaited fudging accounts are going to get exposed ... Spun-off money of 8 billion was re injected to show growth ... Farr is going far now and will take billions with him before the scandal can break ... all good professionals must exit the organization now ....
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Farr already made a cool half a billion, yes $500M or $0.5B or $500,000,000 from Emerson. That’s compensation for bringing Emerson backwards when all other companies have sprung forward in this industrial automation space.
Selling off business units is going to be hard after buying bad companies like Paradigm. What kind of s—er is going to buy Emerson's castoffs?
Everything Emerson does is a sham to boost the stock price! Farr will milk this cow for every last penny its worth, then essentially write a check to himself for millions and retire to Costa Rica. Meanwhile, Emerson becomes another sad tale of a great American company that got drilled into the soil of failure, much like GE.
The joke in the industry is Emerson is the s—er that you sell your company to. They pay huge premiums and create what they call board synergy plan to justify the huge premium.
They have pretty much idi*ts running the businesses who don’t know how to value company. They spend so much time looking for businesses to acquire instead of figuring out how to grow their businesses.