Jim Beam Hires Kentucky Airbnb Hospitality for the price of a bottle of bourbon. The Jim Beam family is opening their home to overnight guests for the same price as a bottle of their premium premium Jim Beam Black bourbon: $ 23.

The first rental in the company's distillery land is available on Airbnb only, and follows a list of the British castle where the "Downton Abbey" is filmed. Guests, old enough to drink legally, of course, will be able to "live as one of seven generations of Jim Beam master distillers" at the company's American Stillhouse property in Clermont, Kentucky, starting at 21 'October and until the end of the year.

"We like to say that anyone who visits us comes as friends and goes out as a family," said Fred Noe, a master distiller and host on Airbnb's property. "So we're thrilled to welcome our extended family for a bit of bourbon and Kentucky hospitality."

Jim Beam Hires Kentucky Airbnb Hospitality

"There is no better time to experience the bourbon country than in the cool, cool months of autumn," said Noe.

The post on Airbnb promises an opportunity to explore the grounds, as well as a tour and a tasting at the distillery.

Hedge Fund D.E. Shaw increases the pressure on Emerson, calls to the rupture

Hedge Fund D.E. Shaw on Tuesday increased the pressure on Emerson Electric Co by publicly urging the rupture of the EE industrial conglomerate. U.S., A move it says could unlock more than $ 20 billion in value for shareholders.

The New York-based hedge fund, which owns a more than 1% stake in the Ferguson, Missouri-based company, wants to be split into a pure-play industrial automation business and a company focused on climate technology, DE Shaw wrote on the board.

It also wants the company, which has a fleet of eight corporate jets and a helicopter, to reduce costs and upgrade its governing structure under which its directors are elected for a term of three years, while the industry standard is for periods of one year.

The hedge fund was concerned that only one Emerson director out of 10 bought shares with his own money in recent years, which could suggest that board members are not properly invested in the financial year. of the company, a person familiar with D 'Shaw is thinking, he said.

The hedge fund also wants Emerson to change the way management pays.

"To create maximum lasting value for its shareholders, Emerson needs to change," the letter said.

"We believe the correct set of shares could result in more than 50% upside in Emerson stock price," he added.

The company in a statement on Tuesday said it would analyze what D.E. Shaw is suggesting. "We will carefully evaluate Shaw's proposals as we continue to evaluate opportunities for value creation," said Emerson.

Emerson stock price rose 1.5% on Tuesday but has lost 12.6% in the last year and performed less than its peers by 45% in the last five years.

DELAWARE. Shaw has owned Emerson shares for years and has talked quietly with management about ways to improve efficiency.

Emerson was previously committed to seeing "operational, capital allocation and portfolio issues", but the hedge fund wants to see more responsibility and a faster rate of change.

"Simply put, creating two separate, slimmer and more focused organizations would ensure that Emerson's companies remain forces to be considered in the future," the letter said.

A hedge fund spokesman on Tuesday declined to comment beyond the letter.

DELAWARE. Shaw did not go as far as asking Emerson's long-term chief executive David Farr to resign, something several activist hedge funds have requested in previous campaigns. Farr has suggested he is likely to retire in the next 18 months.

The hedge fund wants fresh blood in the boardroom and could nominate its own director candidates by the November 6 deadline, which could increase pressure on the company to take action when giving to other shareholders. a way to express your concerns.

The letter comes more than two weeks after Reuters reported that D.E. Shaw was building a stake in the company and planned to drive change.