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Financials

Emerson Electric CEO says all costs and businesses are under scrutiny

BOSTON, Nov 5 (Reuters) - Emerson Electric Co Chief Executive David Farr said on Tuesday that “everything is on the table” as the industrial company takes a top-to-bottom look at its cost structure and business units.

Emerson has been under pressure from hedge fund D.E. Shaw & Co to cut costs and even split up the company. During a conference call with investors, Farr did not rule anything out, but added, “We are in control of our destiny.”

Reporting by Tim McLaughlin; Editing by Sandra Maler

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