Subscribe Now!
Free Daily News, Jobs, Webcasts, Discussions
Display and Distribute
Your Job Openings
COVID-19 News
COVID-19 Webcasts

Featured Jobs

Distribution Specialist

Carpenter Morse Group
(Telecommute / Longwood FL)

Carpenter Morse Group logo

Retirement Plan Consultant

(Telecommute / Dallas TX / University Place WA / Spring TX)

Definiti logo

Free Daily News and Jobs

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile App image LinkedIn icon
Twitter icon
Facebook icon

<< Previous news item   |   Next news item >>

Caterpillar Sued Over Alleged Asset Waste
Treasury & Risk; free registration required Link to more items from this source
Aug. 29, 2012
"Caterpillar Inc. ... [has been] sued by investors who allege directors wasted corporate assets by not ensuring that executive-incentive plans were tax-deductible. Board members also wrongly enriched themselves by taking compensation that couldn't be deducted, and the company made insufficient disclosures to stockholders, [according to suits filed by] a Philadelphia asbestos workers' pension fund and the Lansing, Michigan, Police and Fire Retirement System ... The pension funds also challenged ... the cash value, including stock options, senior officials could potentially receive -- as much as $87.2 million each under a long-term incentive plan."

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).
An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).
© 2020, Inc.