Jim Owens Says "If you don't like how CAT does business, you don't have to hold your shares."
Last week, Caterpillar's board members faced shareholders, including our allies from Jewish Voice for Peace, the Sisters of Loretto, and Chicagoans Against Apartheid in Palestine. The US Campaign's National Organizer attended and spoke at the meeting as well, on behalf of shareholder Boston Coalition for Palestinian Rights. Inside the meeting Matan Cohen of Hampshire College Students for Justice in Palestine spoke on behalf of a resolution that would require Caterpillar to report on foreign sales of weapons related products. During the Q&A portion of the meeting our allies repeatedly demanded to know why CAT continues to risk legal action and alienate investors by providing Israel with the machinery of occupation and apartheid. Repeatedly, Caterpillar CEO, Jim Owens, told those in attendance that if they don't like the way Caterpillar operates, then they don't have to hold on to their stock.
At the end of the meeting, one shareholder who was previously unfamiliar with Caterpillar's complicity in occupation and apartheid confided that his retirement had already been hit hard by corporations which have made bad P.R. moves or lost law suits. On his way out of the meeting, he stated that he would follow Jim Owens' advice to divest of Caterpillar stock. We are thrilled by the success of Jim Owens' endorsement of divestment! Click
We got our message to people outside of the meeting through the media and public protest. View our media hits, including the Wall Street Journal, Reuters, Forbes, Democracy Now!, and several local radio stations, by clicking
US Campaign supporters and member groups rallied outside of the shareholder meeting, educating passersby and the media about CAT's culpability for war crimes in Palestine/Israel. The Church of England and Hampshire College divesting from Caterpillar aren't the only
Our blog ads will spread this same message that corporations cannot profit from war crimes. Click
You can also continue this campaign's momentum by clicking
US Campaign to End the Israeli Occupation
June 16, 2009
Subject: Caterpillar CEO Endorses Divestment!