Caterpillar Boosts CEO Compensation 42% in 2011 Based on Company’s Strong Performance

The CEO of heavy equipment maker Caterpillar Inc. saw the value of his pay package jump 42 percent last year as the company’s global sales grew nearly as much and topped $60 billion.

The world’s largest maker of construction and mining equipment disclosed the details of Doug Oberhelman’s $14.8 million compensation in documents it filed on Wednesday with the Securities and Exchange Commission.

For more, visit the Washington Post.