I heard from a reliable source today that Cat will announce more layoffs in the morning. People are daily coming to work with great apprehension. Also, this source says that most all, construction has been put on hold with firms such as Fritsch and Oberlander.
I am surprised that more Caterpillar ex-employees aren't writing letters to the editor about Caterpillar building a Visitor Center they've done well without for the past 45 years while they are wrecking so many peoples lives. Caterpillar has a long record of intimidation in this community. Yes, they have made millions of dollars of contributions, yet the Peoria area in August of 2006 ranked 89 in growth and it's gotten worse.
Caterpillar tried to be a good citizen. They should have been. They dominated this area for decades. It wasn't just the collapse of the global economy and a bunch of crooked and ineffective politicians, it was some very bad planning by highly paid Caterpillar executives.
Cat has put tremendous pressure on the community to build a new museum that will put a heavier financial strain on the community starting after it's first year of operation. The one we already have is underutilized and many feel is in a better location.
Does $16 million dollar a year salaried plus all kinds of benefits, Jim Owens, have no conscious? And why didn't Caterpillar with all their "talent" like the ones who projected the $14 million and growing in "spillover" benefits from the "Riverfront Museum every year forever. The ones who believed that private money would flow like the Illinois River instead of now coming to the taxpayer to bail them out.
We'll see if Lakeview Museum administration will come forward with the number of dollars deducted from the amounts they claim have been raised from pledges cancelled.
We will see.
I suggest Owens cut his salary to one dollar a year and go on performance pay. Won't happen, the board is controlled by Caterpillar executives. My wife is till mad at me for recommending Cat stock. maybe someday, but too late for those who already overpaid.