
Proponents of Caterpillar shareholder resolution claim victory on International Day of Action Against Caterpillar
13 April 2005
A controversial shareholder resolution calling for Caterpillar to investigate whether their sale of bulldozers to Israel violates the CAT “good global citizen” code of conduct received a 3% vote at the annual shareholder meeting today in Chicago. The resolution was backed by investors with holdings estimated to be well over $600 million, including CalPERS, the largest pension fund in the world. Today’s public protests against CAT in over 30 cities and CAT’s 3% drop in stock price today assure that the company will have to deal with this issue sooner rather than later. And if not sooner, then we expect to be back next year with another resolution.” Read more about Proponents of Caterpillar shareholder resolution claim victory on International Day of Action Against Caterpillar