Why would a heavy equipment company like Caterpillar hire a Ph.D. in economics as the CEO?

Question:

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Essentials of Management

ISBN: 978-0538478236

9th Edition

Authors: Andrew J. DuBrin

See More Books

Question Posted: Oct 03, 2012 05:12 AM

See More Questions

Caterpillar manufactures heavy machinery and equipment and provides financing for purchases by its customers. Caterpillar reported sales and interest revenues of $51,324 million for 2008. The balance...
Caterpillar dominates the construction and earth-moving equipment industry, with $50 billion per year in revenues. Komatsu, its next closest competitor, does $25 billion. However, Caterpillar has not...
Caterpillar Inc. is the largest manufacturer of construction equipment in the world. In the course of growing its business, the company often purchased other companies. ERA Mining Machinery Limited...
Viola, Iona and Paula form a joint for the sale of merchandise. Iona and Paula are to contribute the merchandise, Viola is to act as the manager and is to be allowed a bonus of 25% of the profit...
How many 10-digit telephone numbers use only the digits 1, 3, 5 and 7, with each digit appearing at least twice or not at all?
Using Newton-Busemann theory obtain the surface pressure distribution of a circular cylinder at free stream speed of $\mathrm{M}=8$, and compare the results with Newton and improved Newton method.
A meteorologist uses a Pitot-static tube to measure the wind speed in a tornado. Based on the damage caused by the storm, the tornado is rated as EF5 on the Enhanced Fujita Scale. This means that the...
(Qualitative Characteristics) SFAC No. 2 identifies the qualitative characteristics that make accounting information useful. Presented below are a number of questions related to these qualitative...
Explore and discuss the provisions and requirements of legislation or international standards such as the Payment Card Industry - Data Security Standard (PCI-DSS) Official PCI Security Standards...
Leonard Industries wishes to prepare a pro forma balance sheet for December 31, 2020. The firm expects 2020 sales to total $3,000,000. The following information has been gathered: (1) A minimum cash...
1. Why should Rubber Bandits be classified as a creative idea? 2. What does this story illustrate about how creative ideas surface? 3. In what way might having studied both business and engineering...
Visualize yourself as the manager of an athletic club. Give three examples of data you might be able to use in making decisions about how to improve the profitability of the club.
Middleton Co. paid $80,000 cash to purchase land from Saws Lumber Company. Saws originally paid $80,000 for the land. Required a. Did this event cause the balance in Middletons cash account to...
Write the equation of the line with a slope of -2 and a y-intercept of 3 .
5 Given $ 100 deg/s = Q = 45 deg y = 360 deg * = 10 deg/s + = 10 deg/s 0 = 5 deg Find the body axis roll, pitch, and yaw rates using the kinematic equations.
The XYZ Company issued discount debt bonds with the nominal value of $100,000.The bonds have a maturity period of 5 year and a coupon rate of 6% annually.Calculate the issue price of the bonds taking...
How did the United States shift from a nation of agrarian farmers to an industrial powerhouse during the late 19th and early 20th centuries?
Wayne Company is located at 99 Fifth Avenue New York City, NY, 10001. The company is a general partnership using the calendar year and accrual basis for both book and tax purposes. It engages in the...
Suppose, if ill, that Freds demand for health services is summarized by the demand curve Q = 50 2 P , where P is the price of services. How many services does he buy at a price of $20? Suppose that...
You work as an operations consultant for a textile company. Your client has a well-established distribution system in the US market. The company has hundreds of stores and four distribution centers....
In what ways do painters represent three-dimensional scenes in two dimensions on a canvas? Do you think artists in non-Western cultures use the same or different principles to represent...
To what extent do you think that battlefield experience would help a person become an effective crisis leader in a business situation?
Why are both a task emphasis and a relationship emphasis often necessary to get a group through a crisis such as a hurricane having destroyed a company facility?
To what extent do you think most business leaders will ever use experience-based leadership or management?
Imagine a monopolist producing software xyz is facing a competitive labor market. The monopolist has the following production technology; Q 10L0.5 K0.5. The level of capital is fixed at 1 (K = 1)....
3. Finding Participation & unemployment Rates [11] 2019 20 20 Total population 15 years and over 4.2 million Those 15 years and over not in the labour 1.4 million force population 4.2 million 1.4...
will be 0? Find all the Nash equilibria (both pure and mixed). In equilibrium, what is the probability that the sum of the players' payoffs

Why would a heavy equipment company like Caterpillar hire a Ph.D. in economics as the CEO?

Question:

Step by Step Answer:

An economist might bring a good deal of technical e...View the full answer

Essentials of Management

Students also viewed these Management Leadership questions