Financial Times, London, March 1, 2010
Financial Times, London reports that Caterpillar is the latest major international company to exit IRAN. Others, including Siemens, Italian oil company ENI, and German insurance companies Munich Re and Allianz and others have taken the lead in leaving Iran.
Caterpillar believes that Iran may be using Caterpillar’s massive earth moving equipment capabilities to build tunnels to hide secret nuclear weapons facilities.
When the timid Obama administration and the United Nations will not act, Private Enterprise and Capitalism (which is despised by Obama and the United Nations) take the lead.