Caterpillar Leaves You Hanging

Director resignations leave something lacking. When a Director is appointed to the board a glowing press release is issued outlining all the fantastic qualities an individual has. When a director resigns the corporate noise machines go silent and a form 8K is filed with the SEC. Rarely if ever is a reason given. If there are reasons why a director goes on the board there are reasons why they leave. Investors should know both. So today when Caterpillar Inc announces Mr. Gordon Parker will be leaving they should say why. Directors on Boards are subject to scrutiny.