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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.
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...
Caterpillar Tractor Company1985–1990. Industry: Construction & Real Estate. Era: 1980. A trained accountant, Schaefer’s first task as CEO was to dramatically cut costs. Caterpillar’s large, earth-moving products were no longer in high demand as in earlier years, so Schaefer decided to invest in making smaller machines for urban ...
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.
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 demanding...
Feb 3, 1985 · Last Friday, George A. Schaefer started a new job, as the chairman and chief executive officer of Caterpillar. He replaces Lee L. Morgan, who reached the mandatory retirement age of 65. Mr.
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. He died yesterday in Peoria,...
