The Spark

“The emancipation of the working class will only be achieved by the working class itself.” — Karl Marx

Caterpillar Profits:
Still High

Aug 5, 2013

Caterpillar’s profits for the three months ending in June were 960 million dollars. Over the last year, Cat’s profits were a high 10% of its stockholders’ investment. Cat CEO Doug Oberhelman recently told Business Week, “We can never make enough profit.” But this means always getting it at the expense of Cat workers, who are suffering from contracts with years of no wage increases.