Posted on 01/31/2017 7:40:49 AM PST by bigbob
Yes, this was approved my the corporate board of directors per the news reports. But you have to understand that corporate boards are largely rubber stamps. And if you’ve had a choice between holding your corporate board meetings at the Drake Hotel ballroom or the East Peoria Travelodge meeting room, where would you choose?
Amtrak is next door to Caterpillar in Peoria. Here are the amenities:
Enclosed Waiting Area No Restrooms No ATM
No Ticket Office No Lounge No Elevator
No Quik-Trak kiosk No Payphone No Wi-Fi
Whether or not Cat ever sells another tractor again doesn’t seem to matter much.
I’ve got an idea! How about along with the new HQ comes a name change?
How about Caterpillar International?
You know, something edgy to show that they’re on the way up.
CAT is going to need a bigger dozer with a cab the size of a Bradley...or just use a Bradley for the cab. The extra room for a SWAT Team will come in handy.
Oh, I do understand that. And if the entire board was on board with this charlie foxtrot, the board ought to be booted right along with the CEO. I wonder if some/all of the institutional investors may have gone along with this. I’m just damn glad I’m not a shareholder.
Point of order...
According to the AMTRAK web site, its service to Peoria is by BUS. Passenger rail service hasn’t served Peoria since the 80’s. Closest rail is in Bloomington.
If there was anything hinky with this deal, I seriously doubt Trump’s DOJ will turn a blind eye.
??? What would the DoJ have to do with this? They don’t regulate corporate locations. It’s not a merger.
Paying lip service to Peoria for decades about how it’s “fully committed” to Peoria isn’t regulated by the government. There’s a lot of things that are wrong, but still entirely legal.
I guess C-level doesn’t take the bus.
They are moving for the airport. They don’t actually have to locate in Chicago or Cook County to do that.
Foolish. Foolish. Foolish.
Move out of Illinois.
Greensboro missed the boat on that one, RC. The ongoing corporate attrition rate there is like watching someone wither away with terminal cancer.
All over a third rate country club that hadn’t been there much more than a decade, built at the end of an existing runway, protesting over noise. What, were they deaf when they bought their house in the first place? Stupid should hurt, and it sure did in that instance.
Bad idea. It’ll be broken into every week and it’s employees will be stealing everything down to the toilet paper.
Vest included?.
More than half of the company’s sales are outside North America, which means execs are spending a lot of time on airplanes. I’m sure many would prefer the access to Ohare that the Chicago area provides.
End the regulatory nightmare destroying America's once free enterprise and this particular issue will evaporate.
(It would help if schoolchildren were taught about laissez-faire Capitalism in textbooks. See my tagline.)
I’d much rather have the ‘56 Chevy.
Ah, yes, it’s kickbacks to CAT that get them to make the move. Once they’re good and settled-in, that’s when the kickbacks will have to go “the Chicago Way”.
So their moving to the Murder capital and high tax area Chicago. What a terrible idea.
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