(Reuters/Forbes) Caterpillar Inc. shareholders on Wednesday defeated a proposal that would have asked the company to re-evaluate selling bulldozers to the Israeli army. The company's board had opposed the measure, which received only 4% of the preliminary vote count. "With more than 2 million machines and engines out there, we don't have the practical ability or the legal right to determine how our products are used after they are sold," said Jim Owens, Caterpillar's chairman and chief executive.
2004-04-15 00:00:00Full ArticleBACK Visit the Daily Alert Archive