Quote of the Day from Caterpillar's Doug Oberhelman
This gem comes from Mina Kimes' Bloomberg Businessweek piece on Caterpillar's Doug Oberhelman:
“I always try to communicate to our people that we can never make enough money,” Oberhelman continues. “We can never make enough profit.”
It may not sound like too big of a deal, but keep in mind that Kimes' piece ran just two weeks after Caterpillar announced 300 people at its Decatur, IL, facility would be laid off. And that announcement came the month after Caterpillar announced 500 people in the same facility would be laid off.
Over the course of the last two months, Caterpillar has scrapped the jobs of 800 people in one facility.I guess we know how Oberhelman pursues that never-big-enough profit.
It’s a shame that Oberholm is viewed by many as a voice for manufacturing. We’ll only build support for more manufacturing in America if the industry and its companies are viewed as caring about people as well as profits. Maybe he’d like a do-over?
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