cpebbles wrote:My one big problem with this administration is still that they tried to shame AIG into accepting that instead of playing legal hardball to set precedent.
That's a charitable interpretation. It looks to me like Obama is trying to protect bankers and restore the old (failed) financial order. As he said to a meeting of bank CEOs, "My administration is the only thing between you and the pitchforks.”
Did anyone else know that the Ridgid company was a division of Emerson? Somehow I was completely oblivious that until a few days ago when I looked at the tag on a chop saw.
The conflict potentially puts August Busch III in an awkward position as well. Busch, CEO of Anheuser-Busch for more than two decades, is on the Emerson board of directors. Another former A-B director, Carlos Fernandez, also is on Emerson's board. Fernandez is CEO of Grupo Modelo, one of the brewers deemed acceptable under Emerson's new policy.
Meanwhile, Anheuser-Busch issued a challenge to Emerson executives.
"As leaders in the St. Louis community, we will continue our commitment and would expect that Emerson would do the same," Peacock said. "We hope Emerson will join us in committing $2 million to the St. Louis United Way, as we committed to months ago after the (InBev) transaction closed."
