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Message: $51B Co. Caterpillar - No Director made over $115K in cash compensation

$51B Co. Caterpillar - No Director made over $115K in cash compensation

posted on Feb 03, 2010 03:55PM

I thought that was an interesting data point. Granted, with options, most earned around $250K. But keep in mind that it's a 51 BILLION dollar company making a $4B profit.

I would hope that our directors would consider a severe cut in cash pay, immediately. I think it's warranted that either they go with all stock compensation, OR, a nominal $30K per year total cash, plus stock, at least until they've guided PTSC past USPTO Recertificatin and MMP litigation and to a steady profit through recurring license fees.

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