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Outrageous Example Of Corporate Greed From Caterpillar

“…manufacturing giant Caterpillar was seeking major concessions during contract negotiations with striking workers, even as it was making billions in profits and giving its CEO a 60 percent pay boost. The New York Times’ Steven Greenhouse added more details today, noting that the company wants to implement a six-year pay freeze and a pension freeze, at a time when it is making record profits…”.* The Young Turks host Cenk Uygur breaks it down on The Young Turks. *Read more here from Pat Garofalo at ThinkProgress: thinkprogress.org

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  1. mauddib999 August 1, 2012

    Thought I’d add a little over the border screw-a-roo that Cat has done here. After locking out their employees for a month over a contract dispute and a 50% wage cut. When no agreement could be met they just closed the plant.
    http://www.thestar.com/news/canada/politics/article/1125718–electro-motive-to-close-london-locomotive-plant

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