Word: caterpillars
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...these days like grazing beasts--not good, not evil, just hungry. They form green-sounding lobbying groups and contribute millions to lawmakers. Something called the "National Wetlands Coalition" raised $7.8 million from British Petroleum, Georgia Pacific, Kerr-McGee and Occidental. The "Clean Water Industry Coalition" raised $15.8 million from Caterpillar, Dow, Du Pont and Union Carbide. Al Meyerhoff, of the Natural Resources Defense Council, says, "Industry lobbyists are writing laws and legislative history. They're doing everything but voting, but maybe that's next...
...managers be the managers, but the managers couldn't manage," said Gary Garner, who is on strike against Caterpillar Tractors in Decatur, Ill. "The strike is destroying Decatur, Illinois. They're closing business; they're closing schools; people indirectly are losing their jobs...
...largest U.S. operations affected were Procter & Gamble, Hewlett-Packard, Eli Lilly and Caterpillar. Procter & Gamble, which runs a $2 billion business in Japan, will be unable to use its 30-story office tower for several months, and is operating out of nearby Osaka. Lilly's main plant is still working but a new one, due to open this month, will need weeks of repair. Hewlett-Packard's electronics plant went back to work at 60% capacity last week. ``Shoot,'' says Dorwin Larsen, general manager of the Shin Caterpillar Mitsubishi joint venture in Kobe, ``it's not that significant...
...Caterpillar took a more conventional, and controversial, lean-and-mean approach. In the early 1980s, says Glen Barton, group president for construction and mining machinery, Caterpillar's "costs were out of line with what overseas markets were willing to pay for our products"; the company lost $1.5 billion cutting prices below cost to meet the competition of Japan's Komatsu and other rivals. But Caterpillar has slashed its work force 31% in the past dozen years, and that has lowered costs and raised productivity: from sales of $886,000 per employee to $2.3 million. Losses have turned to profits...
...Caterpillar vice president Siegfried Ramseyer argues that American workers will come out ahead in the end: by launching joint ventures in China, the company will create a larger market for, say, Caterpillar's 240-ton truck, which is currently made in Decatur, Illinois. This, he says, is a long- standing strategy. "Wherever in the world we went to manufacture, we exported more from America...