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1. www.enr.com › articles › 7622-george-schaefer-84-whoGeorge Schaefer, 84, Who Led a 1980s Caterpillar ...

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   Apr 16, 2013 · George A. Schaefer, 84, an accountant whose leadership at construction equipment maker Caterpillar Inc. in the 1980s guided it from red ink to profits and global growth, died on April 9 in...

2. en.wikipedia.org › wiki › George_Schaefer_(businessman)George Schaefer (businessman) - Wikipedia

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   George Schaefer (1928 – 2013) was an American businessman who was CEO of Caterpillar Inc., a US-based construction equipment company. Schaefer graduated from Saint Louis University in 1951 to begin his career at Caterpillar, where he spent the next 39 years.

3. www.hbs.edu › detailsGeorge A. Schaefer - Leadership - Harvard Business School

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   George A. Schaefer. Caterpillar Tractor Company. 1985–1990. Industry: Construction & Real Estate. Era: 1980. A trained accountant, Schaefer’s first task as CEO was to dramatically cut costs.

4. www.company-histories.com › Caterpillar-IncCaterpillar Inc. -- Company History

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   In February 1985 George A. Schaefer was named chairman and CEO of Caterpillar, and Donald V. Fites was named president. Despite a net loss of almost $430 million the year before, Schaefer confidently predicted that Cat would make a profit during his first year as company head.

5. www.strategy-business.com › article › 05304The Cat That Came Back - Strategy+business

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   Aug 26, 2005 · Former CEO George Schaefer could easily have lapsed into complacency once Caterpillar returned to profitability in the late 1980s. But instead, he forced the question of a more robust organizational solution, and with his team searched for other companies whose examples they might follow.

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6. www.nytimes.com › 1985/05/12 › businessCATERPILLAR'S NEW DRIVER: GEORGE A. SCHAEFER;

   www.nytimes.com › 1985/05/12 › business

   May 12, 1985 · Caterpillar suffered $954 million in losses over the past three years and laid off almost 30,000 workers as part of a brutal cost-cutting campaign. Mr. Schaefer also worried that the...

7. People also ask

   Who was the CEO of Caterpillar in 1985?

   • In February 1985 George A. Schaefer was named chairman and CEO of Caterpillar, and Donald V. Fites was named president. Despite a net loss of almost $430 million the year before, Schaefer confidently predicted that Cat would make a profit during his first year as company head.

   Caterpillar Inc. -- Company History

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   Who owns Caterpillar Tractor Company?

   • Creation of Caterpillar Tractor Company: 1925 In 1925 Holt Manufacturing and C.L. Best Gas Tractor Company merged, this time to form the Caterpillar Tractor Company (Cat). Baxter had been forced out earlier in the year, and C.L. Best was named chairman of Caterpillar, while Raymond C. Force, an attorney and board member, became president and CEO.

   Caterpillar Inc. -- Company History

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   What happened to Caterpillar Tractor Company?

   • In 1986 Caterpillar Tractor Company became Caterpillar Inc. and announced that it had made a profit of almost $200 million in the previous year. The firm bounced back from its problems by marketing a new automated lift truck, which had the potential to secure part of a multibillion-dollar market for Caterpillar.

   Caterpillar Inc. -- Company History

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   What strategic moves did Caterpillar make this year?

   • During this year Caterpillar made two key strategic moves, which, despite their controversial nature, would be credited with making the firm once again profitable. Caterpillar first shifted some of its production and purchasing functions overseas. This meant that jobs previously performed in Peoria were moved to Scotland or Japan.

   Caterpillar Inc. -- Company History

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8. www.bloomberg.com › news › articlesSchaefer, Caterpillar CEO Who Changed Company Name, Dies

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   Apr 11, 2013 · George Schaefer, who led Caterpillar Inc. from losses to a period of record profits from 1985 to 1990 and removed “Tractor” from its name, has died. He was 84.