Caterpillar makes policy changes in yet another corporate DEI rollback [FOX Business Network]
Caterpillar, Inc. (CAT)
Last caterpillar, inc. earnings: 4/28 06:30 am
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Source: FOX Business Network
Heavy equipment maker Caterpillar is making changes after reviewing its diversity, equity and inclusion (DEI) policies amid mounting scrutiny of such initiatives at corporations around the country. A memo sent by Caterpillar executives to the company's employees that was reviewed by FOX Business explained that the DEI changes include requiring that all corporate training be oriented to focus on business operations, as well as requiring approval from senior leaders for bringing in external speakers or participating in external surveys and awards. The changes come as anti-DEI activist Robby Starbuck said he had been in discussions with the company about his plans to "expose their woke policies" which resulted in the preemptive changes, which he outlined in a social media post. Caterpillar said in the memo that going forward, "All training, both formal and informal, must be focused on our business and designed to foster high performance and execution of our enterprise strategy."
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CAT
Earnings
- 10/30/24 - Miss
CAT
Sec Filings
- 11/8/24 - Form 4
- 11/8/24 - Form 4
- 11/7/24 - Form 144
- CAT's page on the SEC website