Donald V. Fites
During his tenure as CEO, Fites grew Caterpillar, the world’s #1 producer of earth-moving machinery, from a $10 billion company to a $20 billion plus company. Fites successfully implemented a $1.8 billion modernization program to cut costs and raise profits. Fites’ campaign to decentralize Caterpillar and motivate managers by tying their compensation to return on asset targets was hugely successful.

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