Caterpillar is Closing Shop IN ILLINOIS!!!

[DaGoose]

Nor do I care to!

Isn't itamazing how self-agrandizing they get in their sensitivity?

Yes, it is! And looky there, the basic warehouse worker makes more than 12 bucks an hour. In other words, once the broom pusher has figured out the lay of the land and can actually do something skillful he'll get a raise. dagoose is cooked yet again.

Which means they make a few dollars an hour more than minimum wage. That's why I keep saying that CAT is a starting place for kids just out of school. Once they learn a skilled trade 75% of them LEAVE.

You can't "cook DaGoose" since you have no idea what you're talking about. You read a few paragraphs out of an internet news story and suddenly you're an expert? I was raised on CAT wages and not only saw but lived in what has happened over a half century. And I live only 20 miles from their headquarters. So give it up. You're simply outgunned kiddo. Get back on the porch. You can't run with this big dog. Not on this subject.

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[Article 15]

He's uprooting families and factory all to protest a 2.2% raise in tax.

I have no idea what CAT trys to make as a percentage, but I can guarantee you it is not 10%. Supermarkets profit margins are on the order of 1.6 to 1.8%, so in their case a 2.2% rise would put them out of business. You would be amazed how little "big business" makes in the overall scheme of things.

Between this and the way you figured Europe's tax rates by country, I'm beginning to think that you have no idea how math works.

 

[DaGoose]

He's uprooting families and factory all to protest a 2.2% raise in tax.

I have no idea what CAT trys to make as a percentage, but I can guarantee you it is not 10%. Supermarkets profit margins are on the order of 1.6 to 1.8%, so in their case a 2.2% rise would put them out of business. You would be amazed how little "big business" makes in the overall scheme of things.

Caterpillar Gross Profit Margin: 27.00%

Caterpillar Gross Profit Margin (CAT)

Caterpillar reported an almost doubling of profits to US$792 million for the third quarter of 2010 on revenues that were up 53% to $11,1 billion.

Caterpillar--Caterpillar profits double for the third quarter--news1--China Construction Machinery Business Online

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[DaGoose]

employees don't "Move on to better jobs: about 40% have been there over 10 years:

PayScale - Caterpillar, Inc. Employer Salary, Average Salaries

Bullshit. My workplace has been hiring welders from CAT left and right. They start out earning more here than they were making after 5 years or more at CAT.

And where I work around 85% of the workforce has been there 30 years or more. So 25% being there 10 years is an incredibly high rate of turnover.

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Around here you'll find out that stomping your little feet, and making unsupported claims only undermines your credability.



In your case, however, I doubt you could do your credability much more harm...

You know? What you posted is EXACTLY what I would post if I realized I was in way over my head against someone with personal experience versus someone who reads a couple of paragraphs on the internet and thinks he's some sort of expert.

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[Article 15]

He's uprooting families and factory all to protest a 2.2% raise in tax.

I have no idea what CAT trys to make as a percentage, but I can guarantee you it is not 10%. Supermarkets profit margins are on the order of 1.6 to 1.8%, so in their case a 2.2% rise would put them out of business. You would be amazed how little "big business" makes in the overall scheme of things.

Caterpillar Gross Profit Margin: 27.00%

Caterpillar Gross Profit Margin (CAT)

Caterpillar reported an almost doubling of profits to US$792 million for the third quarter of 2010 on revenues that were up 53% to $11,1 billion.

Caterpillar--Caterpillar profits double for the third quarter--news1--China Construction Machinery Business Online

.

He doesn't understand math, dude. He thinks that a 2.2% tax increase on a company making a profit of 1.6% would put them out of business.

 

[DaGoose]

I have no idea what CAT trys to make as a percentage, but I can guarantee you it is not 10%. Supermarkets profit margins are on the order of 1.6 to 1.8%, so in their case a 2.2% rise would put them out of business. You would be amazed how little "big business" makes in the overall scheme of things.

Caterpillar Gross Profit Margin (CAT)

Caterpillar reported an almost doubling of profits to US$792 million for the third quarter of 2010 on revenues that were up 53% to $11,1 billion.

Caterpillar--Caterpillar profits double for the third quarter--news1--China Construction Machinery Business Online

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He doesn't understand math, dude. He thinks that a 2.2% tax increase on a company making a profit of 1.6% would put them out of business.

There's a lot more than that he doesn't understand.

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[ba1614]

How fuckin' typical is this thread? CAT dares to question the wisdom of raising taxes so now they're a shitty company anyway. lol
I'm sure wherever they end up will be grateful for those shitty low paying jobs.

 

[Samson]

I have no idea what CAT trys to make as a percentage, but I can guarantee you it is not 10%. Supermarkets profit margins are on the order of 1.6 to 1.8%, so in their case a 2.2% rise would put them out of business. You would be amazed how little "big business" makes in the overall scheme of things.

Caterpillar Gross Profit Margin (CAT)

Caterpillar reported an almost doubling of profits to US$792 million for the third quarter of 2010 on revenues that were up 53% to $11,1 billion.

Caterpillar--Caterpillar profits double for the third quarter--news1--China Construction Machinery Business Online

.

He doesn't understand math, dude. He thinks that a 2.2% tax increase on a company making a profit of 1.6% would put them out of business.

Huh?



You guys realize that the profit = revenue - costs

part of costs are taxes on REVENUE, not taxes on the profit.

So

Profit = revenue - (costs + revenue X (present tax rate + 2.2%))

If a company wants to maintain profitability with a increased tax, then they increase revenue (the price and/or quantity of goods they sell) or they decrease costs (usually laying off employees and closing facilities).

 

[Claudette]

Or moving out of ILL.

 

[westwall]

The ones who run the machines ALSO push the brooms. And get paid a whopping $12 an hour with no benefits to start. It's called a two tiered wage scale. (I know this since two cousins work there and my father retired from there)

CAT also forced retirees to double the amount of money they must pay for health care. (Please understand they have no recourse)

Now keep in mind they did all of this while reporting record profits for the shareholders.

That may sound like pure heaven to you but it's crap to me.

Only around their personal machines. Beginners start on the floor until they have a skill. The unions have killed themselves. It's not the pay rates so much as the work rules that have soured the companies and other employees, (my dad figured there was 25% of the workforce at the trucking company he worked for that did nothing but sit around and drink coffee, he despised them for killing a company that he truly liked and had treated him and the other good workers very well, they just couldn't support having one quarter of the work force gathering dust).

And profits are the requirement of the business. That's what they exist for, or havn't you figured that out?

Ohhh....I probably had that figured out before you were even born.

And 25% of the workforce did nothing but sit around and drink coffee? So what you're saying is that 25% of the workforce was management? Sounds about right.

And you know that they only "cleaned up around their machines" how? I wasn't aware that you worked or knew someone that works at CAT.

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Typical. No, managment was actually very small and quite good. I worked in a machine shop for awhile (it's where I learned how to operate a lathe and a Bridgeport), I started out doing general cleanup and learned how to operate the machines and worked my way up. Just like my grandfather before me. Just like pretty much anyone else. I was responsible for my machines and that's all. The beginners cleaned everything else.

Please address the issue of work rules now Mr. union defender.

 

[westwall]

Caterpillar Gross Profit Margin (CAT)



Caterpillar--Caterpillar profits double for the third quarter--news1--China Construction Machinery Business Online

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He doesn't understand math, dude. He thinks that a 2.2% tax increase on a company making a profit of 1.6% would put them out of business.

Huh?



You guys realize that the profit = revenue - costs

part of costs are taxes on REVENUE, not taxes on the profit.

So

Profit = revenue - (costs + revenue X (present tax rate + 2.2%))

If a company wants to maintain profitability with a increased tax, then they increase revenue (the price and/or quantity of goods they sell) or they decrease costs (usually laying off employees and closing facilities).

No, they don't understand a lot. That's why they are union trolls...they couldn't actually work in the real world without the support of their fellow union thugs.

 

[Article 15]

Caterpillar Gross Profit Margin (CAT)



Caterpillar--Caterpillar profits double for the third quarter--news1--China Construction Machinery Business Online

.

He doesn't understand math, dude. He thinks that a 2.2% tax increase on a company making a profit of 1.6% would put them out of business.

Huh?



You guys realize that the profit = revenue - costs

part of costs are taxes on REVENUE, not taxes on the profit.

So

Profit = revenue - (costs + revenue X (present tax rate + 2.2%))

If a company wants to maintain profitability with a increased tax, then they increase revenue (the price and/or quantity of goods they sell) or they decrease costs (usually laying off employees and closing facilities).

Not buying.

They are taxed on what they profit.

Profit Margin = (Net Profit (after taxes) / Revenue) * 100%

If a company profits $2million from $100 million in sales and the tax rate is 20% then:

[($2mil - ($2mil*.20))/$100mil] * 100% = 1.6% profit margin

Now tack on 2.2% more in taxes:

[$2mil - ($2mil*.222))/$100mil]*100% = 1.556% profit margin

 

[Article 15]

He doesn't understand math, dude. He thinks that a 2.2% tax increase on a company making a profit of 1.6% would put them out of business.

Huh?



You guys realize that the profit = revenue - costs

part of costs are taxes on REVENUE, not taxes on the profit.

So

Profit = revenue - (costs + revenue X (present tax rate + 2.2%))

If a company wants to maintain profitability with a increased tax, then they increase revenue (the price and/or quantity of goods they sell) or they decrease costs (usually laying off employees and closing facilities).

No, they don't understand a lot. That's why they are union trolls...they couldn't actually work in the real world without the support of their fellow union thugs.

Actually, I work for an investment firm but I did enjoy socialist living in the Air Force for a few years.