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Tag: Caterpillar investigation
Construction Equipment
Cat CEO: “We were surprised” by federal raid
Caterpillar’s Jim Umpleby has had what is likely the busiest week of his short tenure as chief executive officer. Days after three of his company’s facilities were raided by federal officials as part of a criminal investigation into the company’s tax strategies, Umpleby was in Las Vegas for the company’s corporate press conference at ConExpo-Con/Agg–North America’s largest […]
March 8, 2017
Construction Equipment
Federal agents raid Caterpillar HQ as part of investigation; stock tumbles
UPDATE 4:10 p.m: Cat has issued a brief press release regarding Thursday’s raid of its facilities by federal agents. This story has been updated to reflect this new information.  Three of Caterpillar’s Illinois facilities received surprise visits from federal agencies Thursday morning as law enforcement officials seized documents and electronic records apparently pertaining to an […]
March 2, 2017
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