If Caterpillar Inc. chief executive Doug Oberhelman wasn’t paid some $17-million (U.S.) in 2014, you’d feel sorry for him. His company is taking it from all sides and there apparently is nowhere to hide.
“We are seeing a very competitive marketplace right now,” Mr. Oberhelman told analysts on a conference call after the release of the company’s first-quarter results. “I will tell you, with a yen that’s off over 50 per cent in three years, euro, Brazilian currency, pound currency off 20 per cent to 30 per cent in the last year; you know all of our competitors aren’t in the U.S. So it really is a competitive environment out there …”
Always the currency.
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