Doug Oberhelman, Caterpillar CEO, said a letter he wrote to Gov. Pat Quinn complaining about the state's business climate was never intended as a threat to move the manufacturer's headquarters out of Illinois.
In the letter, Lee Enterprises' Springfield bureau reported, Oberhelman told Quinn: "I want to stay here. But as the leader of this business, I have to do what's right for Caterpillar when making decisions about where to invest."
Source: Associated Press/Bloomberg Businessweek