Posted by Casey in Ky on January 26, 2009 at 07:48:32 from (69.176.30.173):
In Reply to: Cat laying off posted by Spook on January 26, 2009 at 05:10:46:
The thing I don't understand, and don't get me wrong, I know the economy has problems and construction is slowing and probably will continue to slow, but the company still made a $661 million profit for the quarter. Granted that was down from $975 last quarter of 07, but the company still made well over half a billion in profits. I'm confused, how is this bad? I guess it's just not worth being in business unless you make a billion dollar profit every quater. CEO's need to farm for a living....
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