Cat execs?
"Not a redeeming one among them. All they are concerned about is how much money they can personally make. And they artificially inflate the stock price to do it. Caterpillar the company? The employees? They could care less. The greed is sickening."
From someone who knows.
@bgbird68 :
From someone that knows, eh?
Let's begin with "All they are concerned about is how much money they can personally make." There has to be an indication of that. What is it, bgbird68? You said you know. Let us know.
Secondly, "they artificially inflate the stock price to do it." How do you think that Cat execs get by NYSE and SEC surveillance to achieve that?
CAT stock price is off about 40% from the highs. The stock had been locked in a 30 point trading range for the last 4 years before this recent downturn. How is any of that stock price manipulation or inflation by Cat execs, bgbird68? You say you know.
Of course, I think you can't demonstrate any of your suppositions. It seems you're all about the virtuous Cat union worker who is never, ever greedy.
Corporations do not exist for employees. Execs are employees. Corporations exist for their customers who buy the products and services. Employees are a by-product of that demand. Employees create those products and services but when the corporation experiences an economic downturn, revenues and income suffer and in order to keep the company liquid, companies have to cut costs in every area. But one area that can never be cut is the execs.
There's a hierarchy to everything. If you're at the bottom of the totem pole, you're going to suffer as an employee. If you’re at the top of the totem pole, you’ll be fine. That’s life in the modern world. Always has been. Otherwise we'd be laying off the President and congress for every recession.