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Caterpillar CEO - Greed Still Good

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One of my pleasures is going through the NY Times on the weekend.  Taking a seat in the living room with the sun coming through the window I get to catch up on world events.  While I enjoy the Car Section and Book Review I find the 'news' increasingly frustrating.  This weekend was no different.  As I read one article I found a connection to a different article, often in a another section of the paper.

In the Sunday Review there is an article about low income workers in the US starting to fight back against wretched wages.  You know, making less than $10 an hour like Salvador, who earns $10 an hour after 10 years at the McDonald's inside the National Air and Space Museum.  According to the Economic Policy Institute roughly 20 million American workers earn between minimum wage and $10 an hour.

Caterpillar recently instituted a two-tier wage system.  Longer term workers were forced to accept a 6 year wage freeze.  Six years.  Newer workers must be satisfied with a significantly lower wage.  That is OK with CEO Douglas Oberhelman....Find out why after the orange squiggle.


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