This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Emerson Electric Is the Biggest Supporter of Akin (Update1)

(Updated from 5:43 p.m. EDT with a comment from Honeywell, and clarification on Emerson's total donations to Akin.)

NEW YORK ( TheStreet) -- Emerson Electric (EMR - Get Report) is the biggest corporate supporter of the U.S. Senate campaign for Rep. Todd Akin (R-Mo.), who's under pressure to resign for saying women's bodies can fend off pregnancy in the case of a "legitimate rape."

Akin has received $10,000 from the St. Louis, Mo.-based manufacturing and technology company's political action committee for his U.S. Senate campaign against incumbent Sen. Claire McCaskill, according to reports filed with the Federal Election Commission. Akin has received another $26,200 from individuals who work with Emerson, according to

David Farr, who has been CEO for 12 years, has personally donated the maximum of $5,000 to Akin's campaign -- $2,500 for the Republican primary and $2,500 for the general election.

Including Akin's Senate race, Emerson's PAC has donated about a total of $29,000 to the Congressman through all his House campaigns, which included six successful races from 2000 through 2010. The Emerson Electric Co. Responsible Government Fund (the full official name of the PAC) has contributed to Democrats and Republicans, according to FEC records that date back to 1997.

Emerson spokesman Mark Polvin said in a phone interview that neither the company nor Farr has a comment on the contributions.

Republicans, including presidential candidate Mitt Romney, have sought to distance themselves from Akin, who later apologized. Akin said women rarely are impregnated during rapes as the stress endured doesn't allow the eggs to be fertilized.

More company PACs that have donated at least $10,000 to Akin's campaign include defense contractor Northrop Grumman (NOC), aerospace company Boeing (BA), beer brewer Anheuser-Busch InBev (BUD), defense company General Dynamics (GD) and diversified industrial group Honeywell International (HON), among others.

"Honeywell supports those who support the policies most important to our businesses and help drive the U.S economy and create American jobs," Honeywell spokesman Robert Ferris said in an email. "The donation made to Rep. Akin was made prior to his recent controversial comment."

Spokespersons for the other companies mentioned were not immediately available for comment.

-- Written by Joe Deaux in New York.

>Contact by Email.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
EMR $57.65 0.00%
AAPL $130.28 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%
TSLA $218.42 0.00%


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs