Word: caterpillared
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...protesters criticized especially the CCSR's two abstentions on what Mary F. Nolan, assistant professor of History and a speaker at the rally, called "two very moderate proposals." The resolutions included recommendations that IBM cease business transactions with the South African government and that Caterpillar Tractor not sell its products to the South African military...
NIPSCO, Edelen's Waukegan, Ill., firm, employs six people and last year grossed $550,000 selling welding equipment and industrial clamps to customers like International Harvester and Caterpillar Tractor. This was to be the year that it would hire another salesman, but instead the money will be used to finance huge unsold inventory. Currently Edelen is paying 25% bank charges on a $125,000 debt. "It costs me one good employee to pay those loans," he says...
Three weeks ago the Corporation voted to abstain on an ACSR-recommended shareholder resolution requiring the Caterpillar Tractor Corporation to review its South Africa operations...
Michael L. Waldman '82, a member of the ACSR, said yesterday he was "disappointed" with the Caterpillar abstention, adding that the Corporation "should definitely go farther in being an activist shareholder...
SASC will meet this week to consider a response to the Caterpillar and IBM abstentions, Rothschild said. He did not specify what the response might...