Caterpillar CEO Profiled: “We Can Never Make Enough Profit”

Business Week has an interesting profile of Caterpillar CEO Doug Oberhelman, as the labor dispute in South Milwaukee continues.

Among the comments: “We can never make enough profit.” From it:

After walking through the Peoria factory, Oberhelman takes off his safety glasses and sits down to eat his low-carb lunch: turkey wrapped in lettuce. He talks about his upbringing in Illinois and his career at Caterpillar. He lists his hobbies (hunting, “outdoors things”). Then comes the difficult question: Why is Caterpillar fighting its workers over wages? Oberhelman nods briskly, eager to put the issue to rest.

“We have to be competitive if we’re gonna win. And frankly, if we’re not competitive … we’re not gonna be here in the next 30 years. That’s a simple message, but”—he starts to hammer his hand against the table, punctuating his words with raps—“it’s very  … very … tough.” After a pause, he lets his hand lay flat.

“I always try to communicate to our people that we can never make enough money,” Oberhelman continues. “We can never make enough profit.” 

4 Comments

Filed under Caterpillar, Local Business

4 responses to “Caterpillar CEO Profiled: “We Can Never Make Enough Profit”

  1. smgirl's avatar smgirl

    That’s a sad commentary on society

  2. Melanie's avatar Melanie

    Amazing how Obama has us all convinced that making money is a sin. If Cat doesn’t make profit, no one will have a job there.

  3. San's avatar San

    Never enough money. That’s a load of crap Cat has record breaking profits nearly ever quarter. It’s their worker that don’t make enough money to support their family. Cat is a heartless and down right dirty company. I’m sick of hearing how it’s so “we can be here another 100 years. My last 3night generations have work Cat. CATERPILLARS GREED ONLY GETS WORSE EACH AND EVERY YEAR.

  4. Julie's avatar Julie

    Poor, poor Dougie Oberhelman…I’m really crying him a river after giving himself a multi-million dollar bonus and home security that runs $100,000 that is paid by the company. Yes, “it’s really…really…hard.” What a cocky piece of work.

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