WSJ: Deal Gone Wrong Adds to Caterpillar's Woes in China
JAN 22, 2013 - 7:30 am
The Wall Street Journal notes in an article on Caterpillar’s announcement that it would have to write off $580 million over alleged accounting misconduct at its Chinese maker of mine-safety equipment that former Caterpillar employees and industry insiders say the company has struggled to establish its place in the rough-and-tumble China market, where an emphasis on low prices and political connections outweigh Caterpillar’s strength as a maker of premium equipment.
The Journal noted, citing a person familiar with the matter, that the accounting surprise contributed to the departure of a senior Caterpillar executive.
With a multi-generational workforce across all industries and the job market more diverse than it has ever been, job seekers in transportation, logistics and equipment finance are proactively looking for ways to provide equal opportunities for individuals with a diverse... read more
Equipment finance has become a crucial aspect of business, especially in the aesthetic medical market. John-Paul Smolenski, founder and president of MMP Capital, is a leader who is passionate about taking on challenges and committing to excellence. He had a... read more