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Caterpillar Inc.


Self Description

February 2005: "For more than 75 years, Caterpillar Inc. has been building the world's infrastructure, and in partnership with Caterpillar dealers, is driving positive and sustainable change on every continent. A Fortune 100 company, Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines. The company is a technology leader in construction, transportation, mining, forestry, energy, logistics, electronics, financing and electric power generation.

In 2003, Caterpillar posted sales and revenues of $22.76 billion and a profit of $1.1 billion. Approximately half of all sales were to customers outside of the United States, maintaining Caterpillar's position as a global supplier and leading U.S. exporter.

Caterpillar products and components are manufactured in 50 U.S. facilities and in 65 other locations in 23 countries around the globe.

Caterpillar invested nearly $670 million in research and technology in 2003. Worldwide, our employees earned more than 3700 patents since 1997."

http://www.cat.com/cda/layout?m=38028&x=7

Third-Party Descriptions

December 2012: "Caterpillar has received more than $196 million in local aid nationwide since 2007, though it has chastised states, particularly its home base, Illinois, for not being business-friendly. This year, Caterpillar announced a new plant in Georgia, which offered $44 million in incentives. Local counties chipped in free land and other aid, including $15 million in tax breaks and $8.2 million in road, water and sewer repairs."

http://www.nytimes.com/2012/12/02/us/how-local-taxpayers-bankroll-corporations.html

Relationships

RoleNameTypeLast Updated
Director/Trustee/Overseer (past or present) Louis V. Gerstner Jr. Person Oct 22, 2007

Articles and Resources

Date Fairness.com Resource Read it at:
Dec 01, 2012 As Companies Seek Tax Deals, Governments Pay High Price

QUOTE: states, counties and cities are giving up more than $80 billion each year to companies. The beneficiaries come from virtually every corner of the corporate world, encompassing oil and coal conglomerates, technology and entertainment companies, banks and big-box retail chains. The cost of the awards is certainly far higher....A portrait arises of mayors and governors who are desperate to create jobs, outmatched by multinational corporations and short on tools to fact-check what companies tell them....Many of the officials said they feared that companies would move jobs overseas if they did not get subsidies in the United States. Over the years, corporations have increasingly exploited that fear, creating a high-stakes bazaar where they pit local officials against one another to get the most lucrative packages.

 New York Times
Sep 08, 2011 Fighting Backlog in Patents, Senate Approves Overhaul

QUOTE: The Senate approved a sweeping reform of the nation’s patent laws on Thursday, sending to President Obama a bill that changes the system for determining priority for inventions at the patent office and provides more financing for an agency beset by application backlogs and outdated computer systems. After rejecting proposed amendments to a bill approved by the House last June, the Senate voted 89 to 9 to pass the bill, completing an effort of at least six years to overhaul the patent office’s operations and the procedures by which patents can be challenged.

 New York Times
Jun 04, 2006 Junketing Judges: A Case of Bad Science

QUOTE: Exxon Mobil Corp. and other large businesses contribute to conservative think tanks to help "educate" federal judges through seminars...At least one major funder of these judicial junkets has said that the D.C. Circuit is targeted because of its jurisdiction over important environmental cases.

 Washington Post
Aug 06, 2005 Threat to Divest Is Church Tool in Israeli Fight

New York Times
Dec 06, 2004 From churches, a challenge to Israeli policies: Some may wield an old financial tool - divestment - to register concern about peace prospects.

QUOTE: "A vote by the Presbyterian Church (USA) to use economic sanctions against certain companies doing business with Israel - namely those that profit from the occupation of the West Bank and Gaza - has set off a quiet firestorm within the American religious community."

 Christian Science Monitor
Aug 06, 2004 In Turkmenistan, Thugs and Tyranny

QUOTE: ...a vast tragedy that has befallen Turkmenistan under the rule of President Saparmurad Niyazov.

 Washington Post
Aug 01, 2002 Bid to Delay New Emissions Rule Fails

QUOTE: Companies Face Penalties for Not Complying With Tough Standards for Diesel Trucks

 Washington Post