Caterpillar Business Ethics

Paper Summary:

This paper examines how Caterpillar Inc. claims that it follows a strict code of ethics within the company. The writer looks at different sections of the international codes of ethics, which are followed by Caterpillar, and questions whether the company really does implement these codes to the fullest.

From the Paper:

"Caterpillar Inc., founded 75 years ago, has its headquarters located in Peoria, IL, and financial facilities in Chicago, IL. This Fortune 500 company, with reported revenues of $4.82 billion for the first-quarter of 2003 and profit of $129 million, is the world's leading company manufacturing construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. The company has 50 U.S. facilities and 65 other locations around the globe ("Company Information," Online). According to Glen Barton, Chairman of the company, Caterpillar's reputation for integrity is a fundamental part of their heritage and one of the most valuable assets. Integrity that Barton is referring to includes the values the company cherishes, the high ethical standard they have, honesty in dealing with others, their commitment to deliver the promises made to employees, customers, shareholders, and others."

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