Fast and Easy G&A Cuts Won’t Cut It in the Next Downturn
Following the last recession, functional leaders learned the hard way that it can take years to recover from deep cost reductions.
Caterpillar Earnings Miss Amid China Downturn
The company's shares fell more than 9% as it forecast "roughly flat" construction sales growth in China this year.
Caterpillar Posts Record 2nd Quarter Profit
“A strong global economy ... is helping manufacturers like Caterpillar book more orders and deliver higher profits despite growing cost pressures."
Proposals to Separate Joint CEO-Board Chair Roles Go Nowhere
Each year dozens of shareholder proposals seek to quash potential conflicts of interest by calling for an independent chair. But they hardly ever pass.
Caterpillar Taps Andrew Bonfield as New CFO
Bonfield will replace the retiring Brad Halvorson in September after eight years as finance chief of Britain's National Grid.
Caterpillar Fined for Unneeded Railcar Repairs
The $5 million fine follows an investigation that found employees performed unnecessary repairs and dumped evidence in the ocean.
Caterpillar’s Q3 Results Roar Past Estimates
Sales of the company's heavy equipment have benefited from the turnaround in the North American construction industry.
CFOs on the Move: Week Ending Aug. 11
Caterpillar, Compass Minerals, Armstrong Flooring, SeaWorld, Avnet, BDP, Cotiviti, Insys Therapeutics, Power Solutions, Banner Health
Brad Halverson to Retire as Caterpillar CFO
The company credits him with playing a "critical role" in its restructuring after a years-long sales downturn.
Caterpillar Earnings Beat Drives Stock up 5.9%
CFO Jim Umpleby calls the second quarter "impressive," noting the company "continued to control costs and generated higher profit margins."
Subscription Economy Growth Slows but Remains Robust
The growth rate of 16.1% for the six months through March is low only when compared to the previous half-year period's 21.6% rate.