Caterpillar CEO Wants to Stay in Illinois

April 1, 2011

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."

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Source: Associated Press/Bloomberg Businessweek