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Monday, Jan 28
Caterpillar (CAT) says it’s considering “all options” to recover losses from...
Caterpillar (CAT) says it’s considering “all options” to recover losses from the $580M false accounting fiasco at Siwei. In its conference call earlier today, Chairman and CEO Doug Oberhelman said CAT's aggressively looking into how it can hold those responsible to account for the “multiyear, coordinated accounting misconduct.” “We are not done,” Oberhelman says. CFO Brad Halverson adds: “When we put our own team in place, the way we operate, we get to the bottom of it.” Review the rest of the call here: CAT Earnings Call Transcript.