Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Cat management bites the bullet
Old 12-22-2008, 09:58 PM   #1
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
Join Date: Jun 2002
Location: No Country for Old Men
Posts: 47,005
Cat management bites the bullet

Compare this to all the news stories you've been seeing about huge bonuses and big perks for some of the firms getting big bailouts:

"Caterpillar Inc. announced Monday more cost-cutting to cope with the continued deterioration of the global economy.

The cuts are aimed squarely at management. Some of the Blue Chip heavy equipment maker's top executives could see their salaries slashed by half next year. Senior managers face cuts of up to 35%.

In a sad and tortured way, this is refreshing. It's not that Caterpillar has tumbled into this recession without laying off blue collar workers. It has, including 800 jobs cut just last week at an Illinois plant.

But after hearing so many tales of obscene executive pay packages and bonus schemes in the financial sector -- even as the Treasury was throwing billions of taxpayer dollars their direction -- Caterpillar's announcement seems decent. It spreads the pain and reaffirms the notion that management is and should be accountable for a company's financial condition."

Seems a shame when the simple act of doing the right thing is noted as being exceptional behavior...

Caterpillar steps up in the downturn - MarketWatch

Numbers is hard

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 12-22-2008, 10:06 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 14,183
Originally Posted by REWahoo View Post
Seems a shame when the simple act of doing the right thing is noted as being exceptional behavior...
An alarming number of people seem to have skipped missed that day of kindergarten...

Have Funds, Will Retire

...not doing anything of true substance...
HFWR is offline   Reply With Quote
Old 12-22-2008, 11:49 PM   #3
Moderator Emeritus
CuppaJoe's Avatar
Join Date: Jun 2007
Location: At The Cafe
Posts: 6,871
Another case of deceptive title and thread author. I opened it expecting to learn how to herd cats in Texas. Where is the visual?
CuppaJoe is offline   Reply With Quote
Old 12-23-2008, 08:10 AM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Sarah in SC's Avatar
Join Date: Sep 2005
Location: Charleston, SC
Posts: 13,564
Me, too! Where are the cats, darn it!
“One day your life will flash before your eyes. Make sure it's worth watching.”
Gerard Arthur Way

Sarah in SC is offline   Reply With Quote
Old 12-23-2008, 08:17 AM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
freebird5825's Avatar
Join Date: Feb 2008
Location: East Nowhere, 43N Latitude, NY
Posts: 9,030
Kudos to Caterpillar!
A former colleague once told me the best way to herd cats was to put a big can of tuna fish in the middle of the room. They will assuredly all move in the same direction.
"All our dreams can come true, if we have the courage to pursue them." - Walt Disney
freebird5825 is offline   Reply With Quote
Old 12-23-2008, 08:54 AM   #6
Full time employment: Posting here.
hankster's Avatar
Join Date: Jan 2008
Posts: 649

"There is no dignity quite so impressive, and no independence quite so important, as living within your means." Calvin Coolidge
hankster is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Another one bites the dust. Martha Other topics 24 11-19-2008 09:52 PM
Additions to budget: Bullet-proof vest and a case of mace MooreBonds Other topics 5 10-31-2006 05:14 AM
Save the Last Bullet for Yourself 2B Other topics 16 06-11-2006 12:02 PM
Another one bites the dust MRGALT2U Life after FIRE 12 03-16-2005 03:45 AM
I'm Ready to Bite the Bullet- jackalope Life after FIRE 7 03-06-2004 01:31 AM

» Quick Links

All times are GMT -6. The time now is 03:35 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2020, vBulletin Solutions, Inc.