Category Archives: Caterpillar

Shareholders Call for More Robust Clawback at Caterpillar

ATHENS, GA, June 14, 2017: Today, at Caterpillar, Inc.’s annual meeting, a substantial number of shareholders expressed concern regarding the possible reputational costs of the company’s Swiss offshore tax strategy by supporting a shareholder proposal to strengthen the company’s clawback policy. With 28% support, shareholders seek to enhance the ability of Caterpillar’s board of directors to recoup executive compensation for damage to the company that may not warrant a financial restatement. Average support for clawback proposals in 2016 was 14.3%. read more