Caterpillar CEO sees compensation quadruple

[n2doc]

By Associated Press
Posted today at 9:41 a.m.


Caterpillar CEO Douglas Oberhelman. (Andrew Harrer/Bloomberg)
An Associated Press review has found that Caterpillar quadrupled CEO Doug Oberhelman’s compensation last year when he took over the top job, but his $10.4 million package was less than half what the retiring chief executive received.

Oberhelman became CEO last summer and added the chairman title later after Jim Owens retired. Owens’ compensation more than tripled in 2010 to $22.5 million, mostly from a stock grant worth $16 million.

Caterpillar delivered strong results in 2010 as the economy emerged from the recession. It generated $2.7 billion net income, or $4.15 per share, on revenue of $42.6 billion last year.

http://chicagobreakingbusiness.com/2011/04/caterpillar-ceo-sees-compensation-quadruple.html

[Drale]

1. He should be arrested

Threating Governor Quinn that they are going to leave Illinois. That's blackmail.

[moondust]

2. That won't be enough.

Isn't this the guy who has threatened to move the company out of Peoria to a cheaper labor market (so he can sextuple his salary)?

[CurtEastPoint]

3. For 22.5M, get your stupid little corn teeth fixed, you dolt. nt

[sinkingfeeling]

4. Isn't he threatening to move out of Illinois because of taxes?