Sunday, March 27
Back to the norm. Cold weather - 40 plus degrees less than where I spent the last week. Oh well - good to live in a place where I have a job and can scrape my nickles together and go somewhere warm for a week each year.
The CEO of Caterpillar sent a letter to Gov. Quinn, the governor of the most poorly run state in the country, telling him that the conditions in Illinois are creating a situation that will force Caterpillar to relocate to another state with more favorable conditions. No surprise - what exactly did Quinn think would happen when the corporate tax was raised to almost 10%? And Caterpillar has, no doubt, no shortage of governors from other states offering not only better normal tax rates, but also one time incentives that would create a situation that the board and stockholders would mandate Caterpillar make the move. Any CFO would jump at the opportunity to improve their bottom line by 3 - 4% with one act. And, if the news is covering this Caterpillar situation, there must be dozens, if not hundreds, of less noteworthy employers in Illinois who have moved, will move, or are considering moving.
nice job, Quinn (aka Elmer Fudd). How are you doing on reducing that pension debt problem?
Is it just me, or is the situation moving from concerning to truly laughable?
The CEO of Caterpillar sent a letter to Gov. Quinn, the governor of the most poorly run state in the country, telling him that the conditions in Illinois are creating a situation that will force Caterpillar to relocate to another state with more favorable conditions. No surprise - what exactly did Quinn think would happen when the corporate tax was raised to almost 10%? And Caterpillar has, no doubt, no shortage of governors from other states offering not only better normal tax rates, but also one time incentives that would create a situation that the board and stockholders would mandate Caterpillar make the move. Any CFO would jump at the opportunity to improve their bottom line by 3 - 4% with one act. And, if the news is covering this Caterpillar situation, there must be dozens, if not hundreds, of less noteworthy employers in Illinois who have moved, will move, or are considering moving.
nice job, Quinn (aka Elmer Fudd). How are you doing on reducing that pension debt problem?
Is it just me, or is the situation moving from concerning to truly laughable?
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