Caterpillar CEO searches for "shovel-ready" projects

05/1/2009 | Chicago Tribune (tiered subscription model)

The chief executive officer of Caterpillar has directed field employees to keep an eye out for "shovel-ready" infrastructure projects. James Owens will also have company economists analyze projects for economic benefits and then present a list of projects to President Barack Obama. Owens, who holds a doctorate in economics, serves on the President's Economic Advisory Board.

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